By Mohamed Alaa El Din
Avidbeam Company for data analysis services is negotiating with two security entities and football stadium management for the use of its services for video data analysis.
There are current negotiations with the two security entities to provide services in analysing video data, which helps provide detailed security reports and reduce crime rates, company CEO and founder Hany El-Gibaly said.
The company is also negotiating with the management of a number of football stadiums to provide them with services in analysing videos once the Ministry of Interior allows fans back into the stadiums.
They are also cooperating with the management of City Stars mall with video analysis to determine the customers who frequently come to the mall. This helps the mall management create marketing plans to increase their customers and also reward their current customers.
El-Gibaly said they are negotiating with a number of investors from inside and outside Egypt for investments that allow the company to expand its services. He hopes to reach an agreement with one of the investors outside Egypt, especially from Silicon Valley in the US, that may help the company’s services spread globally.
Avidbeam was founded in 2014 by Hany El-Gibaly, who was formerly responsible for the research and development sector at Intel Egypt. It received a number of acquisition offers from international companies due to the high level of technology used in the provided video data analysis services.
