The founders of SecurifAI, developer of video analysis solutions recorded by surveillance or monitoring cameras, aim to get 200,000 euros by listing on the crowdfunding platform SeedBlink.
The listing on the platform dedicated to technology start-ups will take place tomorrow, August 25.
The company was launched in 2016 by Valeriu Filip, Andrei Gogan – IT specialists with almost 20 years of experience – and Radu Ionescu, Professor Dr. at the Department of Artificial Intelligence (Faculty of Mathematics and Informatics of the University of Bucharest).
The amount of 200,000 euros will be used in the next 16 months for the development of SecurifAI’s technical and sales teams. At this moment the company has ten employees.
The investment round will be led by GapMinder, a capital fund that last year invested 50,000 euros in SecurifAI.
SecurifAI’s management estimates that through this listing it will obtain 75,000 euros from the GapMinder fund and 125,000 euros from the investors on SeedBlink, with the possibility of overwriting up to the limit of 150,000 euros.
So far, SecurifAI has obtained funds of approximately 250,000 euros: 200,000 euros representing research grants and 50,000 euros as a pre-seed investment from GapMinder.
The co-founders also invested over 200,000 euros during the four years since the company was created.
International expansion in the USA
One of SecurifAI’s main objectives for the next years is to expand internationally.
Thus, recently, the company opened an office in Sussex (Delaware State, USA) and applied for the registration of a patent in the USA in the field of work safety (HSSE), more precisely the detection of persons wearing protective equipment.
To support the development of other markets, the three co-founders of SecurifAI want to get in the next three years a Series A investment – the amount of money is estimated to be around one million euros.
The company will close the year 2020 with revenues of approximately 150,000 euros, and for next year the management estimates 250-300,000 euros.