Taiwanese video IoT platform bags $15M in series D funding

Taiwan’s Gorilla Technology has raised $15 million in D-round funding from SBI Investment, a subsidiary of the Japan’s financial services company SBI Group. The funding marks SBI’s first investment in a Taiwanese, AI-focused company and will give SBI Group a minority stake in Gorilla Technology, which develops its own AI and video analytic platforms from its research and development facility in Taiwan.
Headquartered in Taipei, the company is an SaaS and software provider specializing in video technology and analytics.   Its technology supports a wide range of video-centric and content management applications, including Smart Retail, Smart School, Smart Enterprise, Smart Surveillance, and broadcast media. Gorilla said it plans to use the investment from SBI Group to enhance their AI and video analytics algorithms for the financial tech space.