BAJ Accelerator, Scylla AI $1.2M Seed Round Deal Closed
Computer vision and AI security company, Scylla, announced today their $1.2M seed round to bring computer vision and AI security to the global market.
New York, NY, August 21, 2020 – The BAJ Accelerator is delighted to announce the investment in Scylla AI in an oversubscribed $1.2M USD Seed Round. Scylla, as seen in Forbes, BBC, and Reuters, leverages Computer Vision and Artificial Intelligence for real-time threat detection across schools, hospitals, hotels, retail outlets, manufacturing plants and urban settings. The $1.2M seed round will be used to bring this important technology to the global market.
“I’m excited that the BAJ Accelerator and Fund has joined our investor base,” remarked Albert Stepanyan, CEO of Scylla. “Beyond funding, BAJ has been immensely helpful in opening doors regarding strategic business relationships and accelerating our growth."
Emma Arakelyan, founding partner of the BAJ Accelerator and leader of the investment in Scylla, commented, “We are delighted to invest in Scylla which has both an incredibly strong team and technology. Moreover, the founding team is highly versatile, and we are looking forward to seeing Scylla continue to grow.”
Co-investors joining this round include lead investor Mucker Capital, as well as Hustle Fund, VDOSH and Startup Bootcamp. Scylla will be joining an impressive portfolio at Mucker, including a recent $4B USD exit of Honey to Paypal.
Scylla also joins the ranks of the deep-technology investments of Capella Partners, which includes multi-billion dollar successes that leverage modern data science and advanced algorithms. Working with 65 global family offices exclusively in deep-tech investments, Capella’s portfolio companies have a collective valuation of over $6B USD.
Capella founder and ex head of innovation for Sonos, Romi Kadri, commented, “with this market projected to reach $120B by 2025, we’re delighted to partner with the BAJ Accelerator and Scylla in bringing forward Scylla’s key innovations to improve public safety.”
Scylla is led by repeat entrepreneur and former platoon commander, Albert Stepanyan, alongside Chief Scientist and renowned researcher in neural networks, Dr. Ara Ghazaryan. The technology development is led by Chief Technology Officer, Ashot Harutyunyan, and will be focused on enabling sustained performance of advanced algorithms in production environments. With security being increasingly foundational to both economic growth and public health, the Scylla technology and team are poised to bring the latest in security tech to the global market.
BAJ Accelerator was made possible by a collaboration among three organizations: Baltic American Chamber of Commerce, Orion Worldwide Innovations LLC and Jacobs Technion-Cornell Institute at Cornell Tech. More about BAJ Accelerator here: https://www.bajaccelerator.com
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