Prism Skylabs is a

technology Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, scie ...

company headquartered in

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the ...

that connects cameras within businesses to

machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

and A.I. technology in the cloud, to transform these devices into tools for

Business Intelligence Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical pr ...

. Prism launched as a company in 2011 at the TechCrunch Disrupt awards, where it was featured as a finalist in the Startup Battlefield competition. Prism Skylabs' technology is deployed in over 80 countries and is used by more than 300 customers around the world.

Product

Prism Skylabs provides several mobile and web applications that are used by enterprise customers to make decisions using data from the cameras that are deployed throughout their businesses. Prism launched a mobile application in 2016
Vision
which allows users to search for the presence of specific objects and content within video using tags powered by

neural networks A neural network is a network or circuit of biological neurons, or, in a modern sense, an artificial neural network, composed of artificial neurons or nodes. Thus, a neural network is either a biological neural network, made up of biological ...

. Prism Skylabs’ retail web application is cloud-based software that connects to a retailer’s existing video surveillance cameras. The software compresses the video data and sends it to cloud servers, where it is analyzed by Prism Skylabs’ video analytics technology. The company sends the analyzed data back to the retailer in the form of statistics and visualizations. To address privacy concerns, the software blurs or completely deletes images of people and replaces them with graphical elements. The resulting information is intended to help businesses make sense of the large amounts of incoming video data. Prism Skylabs’ goal is to enable companies to better analyze long-term trends, such as number of customers, check-out queue lengths, foot traffic patterns, dwell time and the most popular products in a store. Retailers use this information to improve

merchandising Merchandising is any practice which contributes to the sale of products to a retail consumer. At a retail in-store level, merchandising refers to displaying products that are for sale in a creative way that entices customers to purchase more ...

, store layout and customer service efforts and increase operational efficiencies.

History

Prism Skylabs was founded by Steve Russell and Ron Palmeri in July 2011. Its

investor An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some specie ...

s include

Andreessen Horowitz Andreessen Horowitz (also called a16z, legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. Andreessen H ...

Anthem Venture Partners An anthem is a musical composition of celebration, usually used as a symbol for a distinct group, particularly the national anthems of countries. Originally, and in music theory and religious contexts, it also refers more particularly to short sa ...

, CrunchFund, Data Collective, Expa,

Intel Capital Intel Capital is a division of Intel Corporation, set up to manage corporate venture capital, global investment, mergers and acquisitions. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, ...

Pacific Partners The Pacific Ocean is the largest and deepest of Earth's five oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean (or, depending on definition, to Antarctica) in the south, and is bounded by the conti ...

Presidio Ventures A presidio ( en, jail, fortification) was a fortified base established by the Spanish Empire around between 16th and 18th centuries in areas in condition of their control or influence. The presidios of Spanish Philippines in particular, were ...

Promus In Greek mythology, the suitors of Penelope (also known as the Proci) are one of the main subjects of Homer's ''Odyssey''. Role in the ''Odyssey'' In the ''Odyssey'' Homer describes Odysseus' journey home from Troy. Prior to the Trojan War, Odys ...

, SV Angel,

Tomorrow Ventures Tomorrow may refer to: * Tomorrow (time), the day after today * The future, that which occurs after the present Periodicals * ''To-Morrow'' (Chicago magazine), a magazine from 1903 to 1909 * ''Tomorrow'' (New Zealand magazine), a left-wing ma ...

and Triangle Peak Partners. The company secured $7.5 million in

Series A funding A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...

in 2011 and an additional $15 million in Series B funding in October 2013. It currently has about 30 employees.“Intel invests $15m in Prism SkyLabs”
by Martha Entwistle – Security Systems News - Retrieved 3/20/2014

References

{{Reflist Companies based in San Francisco