Wednesday 30 June 2021
NtechLab, one of the world leaders in intelligent video analytics and biometric technologies, has opened an office in Dubai.
NtechLab is one of the few Russian technology companies developing their business internationally. Dozens of large cities in Russia, the CIS countries, Latin America, and Southeast Asia are already using NtechLab’s computer vision algorithms in their municipal video surveillance systems. NtechLab serves more than 100 customers in 20+ countries worldwide.
NtechLab products are in high demand in public and corporate security, retail, financial, entertainment, and hospitality industries.
In the UAE the company will focus on the public sector projects for the needs of the Ministry of Internal Affairs, banking sector, and services for shopping malls and retail chains. It expects to garner a significant share of the computer vision market in the UAE.
In 2020, NtechLab attracted investments of about USD 15 million from an international consortium of sovereign wealth funds including those from the Middle East.
In 2017, NtechLab's algorithm was recognized as the best worldwide by the National Institute of Standards and Technology of the US Department of Commerce. It also took #1 position in the competition of the US Agency for Advanced Research in Intelligence in the categories "most accurate" and "fastest". In 2018, NtechLab became one of the three winners of the WIDER Pedestrian Challenge competition for detecting pedestrians by silhouettes, and in 2019 it won the second prize in the international ActEV-PC competition for recognizing human actions in video.