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LivingLens secures GBP1.3m funding and looks to expand to the US

LivingLens, a software provider of video mining and analytics technologies, has secured a further GBP1.3 million in funding from the Angel CoFund plus further angels including marketeers and ex-city financiers.

The Angel CoFund is an angel investor from LivingLens’ 2014 involvement in the Collider Accelerator programme.
 
LivingLens plans to use the funding to accelerate development of its Enterprise video analytics technology platform. In addition, LivingLens will further expand its sales, marketing, and customer success teams – including opening operations in the US in order to service its rapidly-growing US client base.
 
Carl Wong, CEO of LivingLens, says: “We are delighted to announce this funding round, which will enable us to more deeply support our customers, accelerate the development of new capabilities that will add more value for clients, and, ultimately, scale the business. We are now working with some of the world’s largest brands and agencies to help them to get closer to their consumers and drive more value out of consumer video as a valuable source of insight, and expect 2017 to be a really strong year for our business.”
 
Tim Mills, investment director at the Angel CoFund, says: “In today’s digitally driven economy, it’s increasingly difficult for brands to capture the attention of customers. Innovative technology to harness consumer insight has never been more important, for which LivingLens is leading the way.”

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