Everseen develops a video analytics platform designed to detect and report on non-scanning activity. The company’s platform offers an automated video analytics system to identify irregular transactions at the point of sale, helping retailers by minimizing shrink and streamlining operations. The world’s leading retailers rely on Everseen’s solutions that help to improve their bottom line by minimizing shrinking, streamlining operations, and helping to deliver a better customer experience.
Artificial intelligence platform Everseen has raised $71 million in a Series A round. The new funding round was led by Crosspoint, an equity firm based in Boston and California. Crosspoint originally invested in Everseen in June 2021 and has partnered with the company since.
Everseen, Cork, Ireland, was founded in 2007 by Alan O’Herlihy. The company has offices in Miami, New York, Barcelona, Serbia, and Romania, where it employs more than 1,000 people. “Everseen’s computer vision AI platform has scaled the automation of scene-based processes with impact,” said founder and CEO of Everseen Alan O’Herlihy. “We’re experiencing significant demand for our technology from retailers grappling with the dual impact of declining customer spending and rising operational losses, including shrinkage,” noted O’Herlihy in an interview.
