The deal will improve Quantela’s suite of AI-powered smart city and crisis management offerings
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2 min read
Smart city enabler Quantela on Tuesday announced that it has made a strategic investment in Silicon Valley-founded cognitive multimedia analytics company Graymatics.
The all-equity deal would give Quantela a minority shareholding in Graymatics with significant strategic and go-to-market (GTM) alignment, and help build comprehensive capabilities in video analytics into its AI-driven smart solutions for its target markets spanning smart cities, buildings, education campuses, public spaces and commercial establishments.
As for Singapore-based Graymatics, the deal will open doors for it to be a part of global smart city projects through Quantela. The company provides video analytics solutions to different smart cities especially in the east zone of India, and various smart spaces (including buildings, highways, ports, airports,