Tass Vision Presented Innovative Video Surveillance System
Today, at 500Global's Demo Day, Uzbekistan-based technology startup Tass Vision presented to investors and viewers a video content analysis tool whose algorithms allow retailers to improve their business efficiency by analyzing visitor activity and making automated recommendations.
"TASS Vision is an intelligent video surveillance system that increases sales of offline retailers (stores) by up to 15%. To do this, we offer our users two services: Visitor Analytics (VA), which collects user data (counts the number of visitors, determines their gender and age) and creates a Customer Journey Map (CJM). All of this helps businesses track customer traffic in-store.
In other words, Tass Vision enables clients to measure the performance of physical sales and marketing departments by integrating KPIs and, at the same time, increase retail revenues. The startup has been operating since 2019 and is currently in the seed stage.
The main mission of TASS Vision is to transform the traditional retail industry. Now we are - a store analytics tool for offline retailers through computer vision, and in the near future we will be - a free checkout tool for existing offline retailers. This will help to make payments in the store automatically, without a cashier or a seller. This technology already exists in the USA, and in 2023 we plan to launch a pilot version in our country", - says the co-founder of the company, Shakzod Umirzakov.
500 Global is a global venture capital firm that invests in early-stage technology startups. Since its inception, 500 Global has invested in more than 2,600 companies - of which 45 are valued at more than $1 billion and more than 130 are valued at more than $10 billion. 500 Global works closely. 500 Global is implemented in the Caucasus under the name of 500Georgia, in cooperation with the Bank of Georgia and the Georgian Technology and Innovation Agency (GITA). Among the goals of 500Georgia are the strengthening of Georgia's startup ecosystem, development of investment potential and scaling of startup companies in the global market.