New Industry Venture Fund develops an innovative system of production video analytics

New Industry Ventures (a joint venture fund of Gazprom Neft, Gazprombank, RVC and VEB Ventures) supported a project to develop a Russian video analytics system for occupational safety and industrial monitoring using artificial intelligence and big data technologies.

The fund invested in the Russian company NVI Solutions, which specializes in the development, supply and integration of artificial intelligence systems for pattern recognition. The funding will be used to create and develop the Cyclops automated software package. The innovative system allows real-time and retrospective recording of occupational health and safety violations, as well as tracking specified technological operations based on computer vision and machine learning algorithms.


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