Face Recognition Startup AnyVision Continues Layoff Spree
The layoffs follow Microsoft's investment arm M12's divestment of its stake in the company in March
Prior to the crisis, the number of employees was about 240. A significant decline in corporate operations as a result of the coronavirus epidemic led to continued layoffs and cuts.
Founded in 2015, AnyVision develops software for real-time face and object recognition in large crowds, using artificial intelligence algorithms. The company’s technology can interface with cameras for security purposes, such as in airports and stadiums, or for commercial purposes, such as when used by retailers.