INSIDE THIS ISSUE omputer Vision Report...omputer Vision Report INSIDE THIS ISSUE Market Trends, M&A...

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Computer Vision Report

Market Trends, M&A Transactions, Private Placement

Financings, and Public and Private Company Profiles

December 2015 Rudy Burger, Managing Partner

[email protected]

Clint Wheelock, Managing Director

[email protected]

About This Report

This report has been produced through a collaboration between Woodside Capital

Partners and Tractica. For additional market research on the computer vision sector

please contact Tractica. For a discussion on corporate development and M&A

opportunities in the computer vision sector please contact Woodside Capital.

About Woodside Capital Partners

Woodside Capital Partners (WCP) is a global independent investment bank delivering

world-class strategic and financial advice to emerging growth companies in the

technology sector. We focus on transactions ranging from $15 million to $300 million and

know how to “close the deal” whether it’s through M&A, capital raising, private

placement or strategic partnering. With a strong track record in M&A, strategic

partnerships and private placements, Woodside Capital Partners has been providing

worldwide investment banking services since 2001. Woodside Capital Partners has offices

in Silicon Valley and London, and leading domain experience in technology, media, and

telecommunications. WCP Research offers institutional technology research services to

buy-side institutional investors and technology industry executives. The team of

Woodside Capital Partners has completed transactions totaling more than $10 billion.

WCP is the Silicon Valley headquarters of M&A International Inc., the world’s leading

mergers and acquisitions alliance. For more information, please visit

www.woodsidecap.com.

About Tractica

Tractica is a market intelligence firm that focuses on human interaction with technology.

The company’s market research and consulting services provide industry participants and

stakeholders with in-depth analysis of emerging technology trends, business issues,

market drivers, and end-user demand dynamics across multiple application domains

including home, mobile, health, automotive, enterprise, and industrial markets. Tractica’s

global market coverage combines qualitative and quantitative research methodologies to

provide a comprehensive view of the emerging market opportunities surrounding User

Interface Technologies, Biometrics, Digital Health, Wearable Devices, and Automation &

Robotics. For more information, visit www.tractica.com or call +1.303.248.3000.

INSIDE THIS ISSUE

About This Report (p.1)

About Woodside Capital (p.1)

About Tractica (p.1)

1. Introduction: Market Overview and Industry Trends (p.2)

Market and Trends (p.4)

Business Models (p.6)

Market Forecast (p.7)

Market Definition and Overview (p.9)

Market Drivers (p.10)

Market Barriers (p.10)

Key Markets and Applications (p.11)

Regional Differences (p.13)

Market Map (p.14)

2. M&A Transactions (p.15)

3. Private Placement Financings (p.19)

4. Public Company Profiles (p.21)

5. Private Company Profiles (p.62)

Disclaimer (p.123)

mailto:[email protected]

mailto:[email protected]

http://www.tractica.com/

tel:%2B1.303.248.3000

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1. Market Overview and Industry Trends

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Introduction

After being a research technology for the past few decades, computer vision is now being commercialized in a

wide range of application markets including security and surveillance, automotive, consumer, industrial, medical,

and entertainment, to name a few. A computer vision system acquires, processes, and analyzes real world images

in order to produce numerical or symbolic information, often in the form of a decision. Each application requires a

specialized adaption and enhancement to the computer vision algorithm, although several fundamental blocks of

algorithms are common.

Getting computers to recognize objects just like humans still remains elusive and 100% accuracy and reliability is

almost impossible. In some cases, such as industrial applications, by controlling the lighting conditions and

placement of a camera, it is possible to obtain reliable results within an acceptable level of tolerance. In other

cases, such as in automobiles, the camera is aided by additional sensors, such as laser and infrared, to obtain

required accuracy.

New technologies like deep learning are evolving that promise to increase accuracy and reliability dramatically, but

these technologies need more research before they can become mainstream. These technologies are modeled on

a neural network and will allow the conversion of an image to text or speech. Deep learning will also enable the

conversion of text or speech to image or video and the two together can enable tagging, searching, and indexing of

a video or image just like text.

The computer vision market is wide open to new entrants and technology. The market is awash in startups and

small companies trying to ride the wave of hype. In fact, application markets like security and surveillance are

already starting to become overcrowded, with some 80 – if not more – companies offering facial recognition

software. These companies will have to work hard to come up with innovative business models and differentiation

in the long run to survive.

Established players, such as Google and Microsoft, are also trying their best to monetize computer vision

technology. Google, Microsoft, NVIDIA, and other large players have already established research labs focused on

computer vision. Research papers that break previous records are published in conferences on a quarterly basis

and the technology ramp-up is rapid. Overall, a huge amount of optimism exists in the industry and everyone is

banking on huge growth in the future.

Chip vendors are also actively promoting the technology by providing development platforms and software.

NVIDIA, for example, offers the DRIVE PX platform for automotive vision applications, whereas Qualcomm has

introduced a platform called Zeroth that is targeted at neural network applications. Intel is an active participant in

Open Source Computer Vision (OpenCV), a software library of general-purpose computer vision software libraries.

An independent software consortium called the Khronos Group is releasing a platform called OpenVX.

The degree to which computer vision technology is being adopted depends hugely on the application. Applications

like machine vision and gaming are leading the way where market traction is already occurring. Other applications,

such as security and surveillance, are just starting to emerge.

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The value provided by applications, coupled with innovation in business models, will dictate the growth of the

market over the next 10 years. Marketing buzz from large companies will also play a large part in adopting

technologies like virtual reality (VR).

Overall, sentiment remains bullish on the state of the computer vision market and a number of industry

participants feel that the technology will see widespread adoption in the near future.

Market and Trends

The best analogy to describe the computer vision market would be of a star rookie quarterback who won a

championship for his team and is expected to win many more championships. In essence, computer vision is aiding

numerous applications that are very promising and promises to revolutionize the way we do things today. But

other than some success in gaming, automotive, and industrial applications, the market is still lacking the numbers

that one would expect. The technology has been around in some form since the 1980s and has found applications

in niche areas, but widespread adoption has been hampered by several key technical and business issues.

The computer vision market is primarily driven by the application requirement. Although the basic technology

(such as identifying an object in an image or video) remains the same across the board, the way the information is

used varies in different applications. For example, technology to track a person could be used to identify a

potential terrorist’s movement in an airport, whereas the same technology could be used to track a buyer’s

behavior in a shopping mall.

The nature of the application, and whether it is targeted toward businesses or consumers, plays a big part in

deciding the pricing and, therefore, the overall market. Applications developed for business-to-business (B2B) use

are priced differently from the applications developed for business-to-consumer (B2C) use. In addition, the type of

industry may also force a variance in the business model. Research into the security and surveillance industries

revealed that the business models for the same surveillance system for an airport and a mall are very different.

Government agencies prefer to make a lump sum payment upfront and have the system installed, whereas the

retail market prefers a minimal investment and a monthly services model.

Computer vision can be best perceived as a horizontal market, since the applications are spread across several

different segments. The six most important application markets for computer vision are: automotive, sports and

entertainment, consumer and mobile, robotics and machine vision, medical, and security and surveillance.

Computer vision application markets are full of buzzwords that are generating lots of press coverage today. Phrases

like “drone-based surveillance,” “self-guiding robots,” or “self-driving car” have become topics of choice in many

technology magazines and development is being followed closely.

Each application market has its own drivers and challenges. Each market also has its own ecosystem that supports

the computer vision application and, although the technology is the same, different pricing requirements may

dictate a completely different solution.

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Table 1 Application Markets for Computer Vision

Market Major Buyers Description

Automotive Consumers Applications related to car and other vehicles. These

include Advanced Driver Assistance System (ADAS),

autonomous vehicles, etc.

Sports and

Entertainment

Studios, content

producers

Computer vision-based technologies and effects

used in sports, movies, and TV content

Consumer and

Mobile

Consumers, enterprises This market includes applications based on consumer

and mobile devices, such as smartphones, tablets,

and digital cameras; biometrics, gesture interface,

virtual reality, and character recognition are some

examples

Robotics and

Machine Vision

Factories,

manufacturing facilities

This market includes applications that are primarily

targeted at industrial automation; these include

parts inspection system, self-guiding drones

Medical Hospitals In this market, computer vision systems are used to

extract 3D images

Security and

Surveillance

Government, retail

chains, malls

Applications that are based on the live camera feed

from places of interest for security or analytics

(Source: Tractica)

The automotive market consists of technology used in cars, trucks, and other automobiles. The industry is starting

to emerge and many computer vision-based systems are already in place. A self-parking system developed by

Mercedes is one application of computer vision technology and has been around for some time. Google’s self-

driving car, which has been licensed in the state of Nevada, is generating quite a bit of buzz. Audi has also

announced its own plans for a self-driving car.

The sports and entertainment market has been using computer vision techniques for a long time. Science fiction

movies have used computer vision-based effects since the 1970s. However, the extent to which effects blend into

the surroundings has improved drastically in recent years and the result is a more realistic video.

The consumer and mobile market has emerged in the last 5 years and has a wide range of applications based on

computer vision technology. Gaming technology, such as Microsoft’s Kinect, has used computer vision extensively.

The growth of smartphones and tablets with onboard cameras has spawned numerous computer vision-based

applications. Newer technologies like virtual reality (VR) that draw from computer vision fundamentals are

promising to give rise to a whole new market segment within the consumer and mobile market.

Machine vision is one of the more mature application markets in the computer vision sector. Camera-based

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systems used for defect detection have been around for a long time. Historical systems were good at repetitive,

well-defined tasks. Newer products in machine vision can be trained to do different tasks. Robots that are movable

and include cameras promise to open up a whole new range of applications in this market.

The medical market has also been using computer vision techniques for some time, but they have become more

prominent within the industry in recent years. A 3D extraction of a baby’s facial features using ultrasound is made

possible by computer vision technology and it has been fewer than 5 years since such a feature was introduced.

Security and surveillance is yet another emerging market. Numerous systems are available that can grab a feed

from a camera and detect objects, such as faces, humans, animals, cars, etc. Of all the application markets, this

one has lowest barrier to entry, as many of the algorithms used are common and a system can easily be built upon

it.

Given the breadth of the computer vision market, it is not surprising that a large number of companies are

participating in this market. We have considered over 100 companies in researching the market for this report and

believes that another 100 companies easily exist. Most of the companies cater to niche markets and the field is

filled with startups that have been active in the business for fewer than 3 years. Some are generating revenue, but

most are trying for Series B funding.

Business Models

Business models for the computer vision sector typically fall into one of the following types:

Software as a service: In the context of computer vision, this model is popular in the security and surveillance

market where retail chains, in particular, prefer a subscription model, as opposed to an upfront, one-time

payment. This model is also popular in the consumer market for certain high-value smartphone applications. For

example, a VR application designed for a museum utilizes a SaaS model so the updates are always available.

Technology licensing and royalty: In the computer vision sector, this model is popular with companies that make

platforms that could be used to develop applications. One example is Wikitude, which makes a complete platform

that runs on a smartphone or a hardware reference board. Wikitude licenses the technology to enterprises or

mobile developers who, in turn, develop applications using it. When the application is sold via mobile stores or

other means, they pay royalties on sales to Wikitude.

One-time payment: Most applications that require the sale of hardware fall under this business model. The

robotics and machine vision, medical, and automotive markets typically involve the sale of a device that is offered

at a fixed price. Manufacturers also charge for support and warranty to supplement the one-time payment. Several

consumer and gaming devices also use this business model.

Pay-as-you-go and services: Within the computer vision market, the sports and entertainment market employs

this type of business model. Sports applications often require the installation of equipment and the computer

vision application may be deployed for a particular tournament. Once the tournament is finished, the application

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provider may choose to leave the equipment installed in anticipation of the next event.

Market Forecast

We forecast that the computer vision market will grow from $5.7 billion in 2014 to $33.3 billion by 2019 at a

compound annual growth rate (CAGR) of 42%. The consumer and machine vision and robotics segments are the

two largest application markets today, accounting for $1.58 billion and $1.52 billion respectively, as of the end of

2014. We anticipate that the consumer market will experience a CAGR of 61.8% between 2014 and 2019,

representing the highest growth rate among all the segments, and growing to reach $17.5 billion by 2019.

Robotics and machine vision will be the second largest application market, accounting for $5.49 billion in 2019

with a 5-year CAGR of 29.2%.

Chart 1 Computer Vision Revenue by Application Market, World Markets: 2014-2019

(Source: Tractica)

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

2014 2015 2016 2017 2018 2019

Automotive

Sports & Entertainment

Consumer

Robotics and Machine Vision

Medical

Security & Surveillance

($ M

illi

on

s)

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The geographic segmentation (chart below) shows that North America is the leading market in 2014, accounting

for $1.9 billion in revenue and will continue to be the largest region in 2019, accounting for $12 billion. Many of

the devices being served by computer vision are expected to be expensive as the market ramps up. The features

introduced by computer vision technology will feature in high-end products for the next several years and the

North American market would be the most likely to spend money for such products. The North American market

will be aided by the automotive market with many cars having advanced systems based on computer vision.

Asia Pacific is also expected to ramp up fast and overtake Europe by 2019. In Asia Pacific, the pricing pressure on

hardware is expected to limit adoption of expensive technology in the near future, but as prices fall, the market

will start to ramp up.

Chart 2 Computer Vision Revenue by Region, World Markets: 2014-2019

(Source: Tractica)

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

2014 2015 2016 2017 2018 2019

($ M

illio

ns

)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Market Definition and Overview

Computer vision systems considered in this study have the following characteristics:

One or more cameras

One or more processors to extract information either onboard or via sending the image to the cloud

Results that are visible to the eye via a photograph or video

Often, computer vision systems receive help from additional sensors, with infrared or laser being the most

prominent. Systems with such supplementary sensors to aid camera-based imaging are also considered in this

report for the purpose of calculating the market. Systems that are purely based on infrared or laser sensors are not

considered.

Price and volume are the two key components we considered in estimating the market. Each of the six application

markets (automotive, sports and entertainment, consumer and mobile, robotics and machine vision, medical, and

security and surveillance) has different volumes and price sensitivities. The table below shows our assessment of

volume in different markets.

Table 2 Computer Vision Products in Different Application Markets

Market Volume Products

Automotive High Products are embedded in automobiles and the consumer pays for

the automobile, rather than the computer vision-based product

Sports and Entertainment Low Primarily software-driven applications that run on the server;

buyers are studios and content producers

Consumer and Mobile High A wide range of gaming devices, as well as software applications is

available; many applications are already in use; both hardware and

software products

Robotics and Machine

Vision

Medium Products are both hardware- and software-based

Medical Low Systems are typically sold as a unit. The volume is low, but the

system conveys critical information making it less price sensitive

Security and

Surveillance

High Products could be hardware- as well as software-based, such

as network of connected cameras in homes, buildings, and

public places, and the software for recognizing objects

(Source: Tractica)

The computer vision system could be embedded (the image is captured and the results are calculated on the

device itself) or server-based. The volume of the market is basically a sum of all hardware products sold.

Robotics and machine vision systems are primarily embedded systems. An example of such a device could be a

robot that is used for inspection. Such devices take snapshots of the object being inspected and produce go/no-

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go results immediately, so that the object can be automatically removed from the conveyer belt. All of the

processing, from taking the picture to producing signals to move the conveyer belt, is done within the onboard

system.

Another example of an embedded system is the digital camera. Often, the face is identified on the screen while

taking a picture and a rectangle is displayed on the screen. Again, all of the processing is done onboard.

An example of a server-based system is a security system. These systems capture the picture or video and transmit

it for further processing to a server via Ethernet or some other network connection. The computer vision

algorithms for applications like face recognition are used on the server and the results are presented at a different

location.

In addition, the market consists of hardware and software. The hardware piece typically has a fixed price and is

sold as a one-time cost. The software piece has different business models that vary from one-time payment to

SaaS. The embedded systems typically offer high volume, whereas the server-based systems do not.

Market Drivers

Key market drivers for the computer vision industry consist of the following:

Need for safety and security

Need for automation

Availability of powerful, low-cost hardware and open source libraries

Increased accuracy of computer vision systems

New use cases for drones and robots

Appetite for “cooler” consumer and gaming applications

Ease of connectivity

Market Barriers

Market barriers for the computer vision industry consist of perennial issues in addition to novel problems

that have emerged over the last few years. They include:

Accuracy and reliability

Cost (including development costs)

Search for a killer application

Regulatory issues:

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o Privacy

o Liability

o Automotive Regulations

Key Markets and Applications

Key markets and applications are listed below. The key applications markets, as mentioned previously, include the

following: automotive, robotics & machine vision, surveillance & security, medical, sports & entertainment, and

consumer applications.

Automotive

o Advanced driver assistance systems

o Obstacle detection

o Parking assist

o Driver alertness monitoring

o Lane departure warning

o Autonomous vehicles

Robotics & Machine Vision

o Inspection

o Measurement & alignment

o Label inspection

o Vision-guided robots

Surveillance & Security

o People tracking

People counting

People and group tracking

One-way passing

Random inspection

Video motion detection

o Facial recognition and biometrics

o Video storage, analysis, retrieval, and synopsis

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o Retail: consumer behavior analysis and advertising

o Drone-based surveillance

Medical

o CT, MRI, Ultrasound

o Artery highlighting

o Augmented reality techniques (e.g. AR for surgery applications)

Sports and Entertainment

o Sports applications

Ball and puck tracking

3D imaging and people tracking

Virtual markers

Sports training

Decision making

Commercial insertion

o Entertainment applications

Virtual reality and augmented reality video

Consumer

o Gaming

o Gesture-recognition for user-interface design

o Image and video applications for cameras or mobile phones:

Stitching

Effect generation

Extraction and combination

Exposure bracketing

Facial recognition

o Optical character recognition:

Data entry for business documents by reading checks or receipts

Providing assistance to blind and visually impaired users via text-to-speech conversion

Digitizing books to make them electronically searchable

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Extracting business card information by taking a picture

Recognizing license plates for surveillance and identification

o Vision-enabled wearables

o Video and image search algorithms

Regional Differences

One clear trend in the computer vision sector is that most of the companies are from the United States, Europe, or

Israel. This is not surprising, given the fact that these are some of the most developed economies in the world

where most of the prominent universities for computer vision exist. Computer vision is a very technology-centric

field and most of the applications require an intimate knowledge of computer vision technology. Given that most

of the experts are products of these universities, it is natural that the companies that use their talent would also be

in those regions.

Another noticeable trend for the security and surveillance market is that government dictates where the cameras

may be placed. In Asia Pacific, most of the governance is done from a central government and the rules apply to all

cities and states. This has allowed the installation of cameras in all major cities that are connected. Singapore, for

example, has 80,000 cameras that are connected to a server farm.

In contrast, the U.S. market is fragmented and cities control the installation of cameras within their borders.

Chicago is one of the few U.S. cities where thousands of cameras are deployed. Europe was the first continent to

deploy cameras in a city, but it has lagged behind, with no clear strategy as to how to connect cities for

surveillance.

The United States and Europe are also strong in the automotive market. Most of the computer vision-based

systems are deployed today in high-end, luxury cars and these two geographies have dominated that segment. The

computer vision market is closely correlated to the luxury car mar

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Computer Vision Market Map

Gesture Recognition Software

Automotive

Sensors Processors

Consumer & Mobile MedicalRobotics &

Machine Vision

ENA

BLI

NG

TEC

HN

OLO

GIE

SA

PP

LIC

ATIO

N/M

AR

KET

S

3D Cameras

Security & Surveillance

Sports & Entertainment

Embedded Software

Cloud/Web Services

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2. M&A Transactions

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Selected M&A Transactions - Transaction Value Disclosed

Date Acquiror Target

Transaction

Value ($M)

TV/ Revenue

Multiple Business Description

10/09/2015 PTC Vuforia Business And

Qualcomm Connected

Experiences

$65.0 NA Vuforia Business comprises an augmented reality technology platform that enables applications to connect the physical

world with digital experiences.

09/16/2015 Omron Adept Technology 190.8 3.5 Adept Technology, Inc. designs, manufactures, and sells industrial and mobile robots for electronics, food,

semiconductor, warehouse/logistics, medical, and automotive markets.

07/01/2015 Ambarella Vislab 30.0 NA VisLab develops machine vision algorithms and intelligent systems for the automotive field.

06/15/2015 Suning Universal Media Redrover 10.1 4.5 Redrover develops and manufactures optical 3D stereoscopic monitors, stereoscopic projectors, stereoscopic camera rig

systems, and geographical information systems.

06/02/2015 ST Electronics (Info-

Comm Systems)

STELCOMMS 2.2 NA STELCOMMS develops security software for video analytics and provides other communication solutions to security

agencies.

05/29/2015 Gracenote Korea Enswers 17.5 NA Enswers provides automatic content recognition (ACR) technology and systems that analyzes sound, image, and video

content.

04/09/2015 Boeing 2d3 24.8 3.0 2d3 Inc. delivers imaging technology. The company provides science solutions for industrial, defense, and entertainment

applications.

04/05/2015 Kairos AR IMRSV 2.7 NA IMRSV develops and delivers a platform for real-time audience measurement for persona, business, and enterprise

clients.

02/10/2015 Canon Axis 2413.9 4.1 Axis provides network video solutions for professional installations.

01/05/2015 Lexmark Claron Technology 37.0 NA Claron Technology Inc. develops OEM medical image processing solutions.

12/17/2014 Pathena SGPS Brisa Inovacao e

Tecnologia

80.3 42.9 Brisa Inovacao e Tecnologia engages in the research, design, development, production, installation, support, and

maintenance of equipment, system, and intelligent solutions required for the operation of motorways.

11/13/2014 Aval Data Corporation Fixstars Corporation 0.3 7.0 Fixstars Corporation offers geometric performance primitives library, a computational geometry engine for use in

graphical information systems, electronic design automation, computer vision, and motion planning solutions.

11/10/2014 Nordic Capital Vizrt 368.9 2.3 Vizrt provides real-time 3D graphics, studio automation, sports analysis, and media asset management tools for

broadcast industry worldwide.

08/12/2014 PDSTI; CITIC Capital;

Gold Stone; Hua Capital

OmniVision

Technologies

1885.7 1.0 OmniVision Technologies designs, develops, manufactures, and markets semiconductor image-sensor devices.

08/04/2014 e2v Technologies Innovaciones

Microelectrónicas

45.9 6.1 Innovaciones Microelectrónicas offers standard off-the-shelf and customized high-performance CMOS image-sensors

and vision-sensors for industrial, professional, scientific, medical, and high-end surveillance markets.

07/07/2014 Asure Software FotoPunch 4.5 NA FotoPunch provides cloud-based mobile time and attendance software solution that transforms cell phone into a

biometric and geolocated time clock.

06/20/2014 Nest Labs (Alphabet) Dropcam 517.0 NA Dropcam offers Dropcam Pro, a cloud based home video monitoring and do-it-yourself security solution, as well as

incorporates Bluetooth low energy for connecting to sensors and other devices in the home.

06/16/2014 Vodafone Global

Enterprise

Cobra Automotive

Technologies

269.3 1.3 Cobra Automotive Technologies provides vehicle-centric solutions worldwide.

06/12/2014 Canon Europa Milestone Systems 187.0 2.4 Milestone Systems A/S provides open platform IP video management software (VMS) solutions.

06/09/2014 Alphabet Skybox Imaging 478.0 NA Skybox Imaging designs, builds, and operates imaging satellites. It offers SkyNode antennas and equipment racks that

allow users to create orders, schedule collections, monitor the constellation, and produce and archive imagery.

06/04/2014 Costar Technologies CohuHD Costar 10.0 0.6 CohuHD Costar develops and manufactures high-definition video surveillance camera systems for use in traffic, security,

and critical infrastructure applications.

04/05/2014 Hego Norge ZXY Sport Tracking 6.9 NA ZXY Sport Tracking delivers a sport analysis system combining application-specific 3D graphic software engines and a

hardware sensor platform for soccer environments.

03/25/2014 Facebook Oculus VR 2160.7 NA Oculus VR develops virtual reality products.

02/18/2014 GSI Group Corporation JADAK Technologies 93.3 NA JADAK Technologies provides data collection and machine vision technologies to OEM medical device manufacturers.

01/21/2014 Fairchild Semiconductor Xsens Technologies 61.0 NA Xsens Technologies designs and supplies three-dimensional (3D) motion tracking products and systems for various

professional applications in the Netherlands and internationally.

11/30/2013 Avigilon Corporation VideoIQ 31.3 2.8 VideoIQ manufactures cameras and video analytics appliances for detecting and classifying people, vehicles, or

suspicious objects.

10/29/2013 Ametek Creaform 120.0 2.3 Creaform develops, manufactures, distributes, and sells portable 3D measurement technologies for customers

worldwide.

10/02/2013 Alphabet Flutter 40.0 NA Flutter develops develops gesture recognition software that enables other user applications run by hand gestures.

09/20/2013 Nintendo PUX Corporation 0.4 0.1 PUX Corporation is engaged in the planning, design, and development of audio and video processing, voice recognition,

and image recognition software.

08/01/2013 Prisma Global prisma 5.2 1.6 prisma offers image recognition, augmented reality and business intelligence services.

07/12/2013 Intel Corporation Omek Interactive 40.0 NA Omek Interactive designs, develops, and delivers gesture recognition and body tracking software solutions for customers

to add gesture-based interfaces.

04/10/2013 Harman International

Industries

iOnRoad 0.8 NA iOnRoad provides iOnRoad, a driving tool that creates an augmented reality view of the road ahead and monitors traffic.

75th Percentile $187.9 4.2x

Mean 287.5 5.4

Median 40.0 2.6

25th Percentile 9.2 1.5

17

Selected M&A Transactions - Transaction Value Not Disclosed

Date Acquiror Target Business Description

10/29/2015 Blippar.Com Binocular Binocular develops virtual reality software.

10/08/2015 Sony Corporation SoftKinetic

International

SoftKinetic International provides gesture-based platforms for consumer electronics and professional markets.

09/15/2015 Snapchat Looksery Looksery develops facial tracking and modification application for real-time video communication.

09/09/2015 Freescale Semiconductor CogniVue Corporation CogniVue Corporation develops programmable video and image processing solutions for mobile devices, converged consumer electronics, and smart

cameras.

07/16/2015 Oculus VR Pebbles Interfaces Pebbles develops motion sensors that display physical objects within the digital space.

07/02/2015 Nantong Zongyi

Investment

Vimicro International Vimicro International Corporation, designs, develops, and markets semiconductor products with multimedia applications.

06/04/2015 T1Visions Cenique USA Cenique USA offers media players and all-in-one displays.

05/21/2015 Apple metaio metaio GmbH develops software products for visual interactive solutions.

05/15/2015 GAIA System Solutions Sension Sension, Inc. provides user engagement score and analytical insight; and gaze tracking solutions.

05/13/2015 DAQRI ARToolworks ARToolworks engages in the development and licensing of tools and applications for augmented reality (AR).

05/13/2015 STATS TVT Video

Technologies

TVT Video Technologies provides video analytics technology for Major League Baseball teams.

05/08/2015 Alphabet Cloudburst Cloudburst aims to apply the latest computer vision research to create compelling consumer applications on mobile devices.

05/05/2015 STATS Prozone Prozone Sports Ltd. develops performance analysis solutions for football matches. It offers PROZONE3, a player tracking system that provides a

physical, technical, and tactical coaching tool.

04/22/2015 GAME Digital Ads Reality Ads Reality provides software solutions to recognize 3D products and 2D images.

03/04/2015 The IBM Watson Group AlchemyAPI AlchemyAPI provides natural language processing services through a SaaS API for various businesses and computing applications.

02/04/2015 Alphabet Launchpad Toys Launchpad Toys develops and builds digital toys and tools that empower kids to create and share stories through imaginative play.

12/31/2014 ShopLive Reality Boost Reality Boost develops an application for iOS and Android devices.

12/26/2014 Social Voucher.com ARrival Labs ARrival Labs develops and provides technologies including iOS, android, google glass, and augmented reality for mobile application development.

12/22/2014 Tylko Pilka Spólka

Akcyjna

ARFixer ARFixer provides a technology that uses Augmented Reality solution.

12/17/2014 Avigilon Corporation ObjectVideo ObjectVideo comprises video analytics software development patents.

12/11/2014 Oculus VR 13th Lab 13th Lab develops and delivers computer vision platforms for mobile devices.

12/11/2014 Oculus VR Nimble VR Nimble VR is a virtual reality technology company which develops skeletal hand tracking software and hardware.

11/22/2014 Zoho Corporation Zentron Labs Zentron Labs Pvt. Ltd. provides machine-vision solutions that perform automated visual inspection.

11/21/2014 ATR Systems F & E TimeSystems F & E TimeSystems operates as a reseller of time and attendance solutions for small to midsize businesses.

11/20/2014 Qualcomm Total Immersion Total Immersion develops software for facial imaging and "try before you buy" ecommerce applications involving head-worn items such as

eyeglasses

10/22/2014 Deepmind Technologies

(Alphabet)

Vision Factory AI Vision Factory AI develops systems capable of visual recognition of objects in the real world.

10/13/2014 Opto Group Alliance Vision Sarl Alliance Vision Sarl supplies machine vision equipment, solutions, and systems.

10/08/2014 Vector Informatik BASELABS BASELABS develops software and services for advanced driver assistance systems (ADAS) professionals.

10/01/2014 Nakanishi Metal Works E-Globaledge

Corporation

E-Globaledge Corporation offers embedded solutions, such as short-distance wireless communication, imaging, machine vision systems, industrial

embedded, and contracted product development.

08/29/2014 Affle Holdings Private AppStudioz

Technologies

AppStudioz Technologies designs and develops mobile applications in categories such as consumer, enterprise, mobile gaming, healthcare,

navigation, media, augmented reality, and 3D gaming.

08/15/2014 EyeEm Mobile Sight.io Sight.io develops computer vision-based automatic photo management and processing solutions.

06/16/2014 Intelligent Decision Quantum 3D,

ExpeditionDI Product

Line

Quantum3D offers ExpeditionDI, a man-wearable un-tethered virtual training system for infantry training and mission rehearsal; and real-time visual

simulation software systems.

06/10/2014 Blippar.Com Layar Layar develops augmented reality and interactive print solutions.

18

Selected M&A Transactions - Transaction Value Not Disclosed (continued)

Date Acquiror Target Business Description

06/09/2014 NV Michel Van de Wiele Barco NV Barco NV designs, develops, and sells visualization solutions for professional markets worldwide.

05/16/2014 Alphabet Quest Visual Quest Visual develops translation application Word Lens.

12/15/2014 Artel Imagineer Systems Imagineer Systems Ltd. develops visual effects solutions for film, video, and broadcast post-production markets.

04/21/2014 Cross Match DigitalPersona DigitalPersona, Inc. offers biometrics-based identity verification solutions. Digital Persona does business both in the United States and

internationally.

04/06/2014 Ross Video Unreel Unreel provides augmented reality and virtual set solutions for broadcast, Web, and on-set visualization for feature films.

01/29/2014 Potomac River Group View Systems View Systems designs, develops, and sells computer software and hardware used in conjunction with surveillance capabilities.

11/29/2013 Fox International

Channels (UK)

Marquis Broadcast

Limited, Three Licences

for Project Parking

Three Licences for Project Parking of Marquis Broadcast Limited comprises three licences for parking project which assists editors and facilities to

manage their Avid edit storage.

11/24/2013 Apple PrimeSense PrimeSense, LTD develops 3D machine vision technologies for digital devices.

10/07/2013 Good Will Instrument Instek Digital Instek Digital develops and markets software and hardware video surveillance solutions.

07/29/2013 TKH Group Park Assist Park Assist provides parking management solutions for parking facilities.

06/18/2013 System Development

Integration

i-sys Corporation i-sys Corporation designs, manufactures, and integrates security management, building management, and fire protection systems.

03/26/2013 Meltwater News US OculusAI Technologies OculusAI Technologies develops image and object recognition technology that enables automated content recognition, moderation, and analysis for

developers worldwide.

01/31/2013 ifm electronic PMDTechnologies PMDTechnologies manufactures and supplies fabless integrated circuits.

19

3. Private Placement Financings

20

Selected Private Placement Financings

Date Company Amount ($M) Investors Business Description

09/14/2015 Modcam $0.6 Robert Bosch Venture Capital Modcam develops hardware, software, and camera sensor based device for computer vision processing.

09/14/2015 AirSig 2.0 Hon Hai AirSig, Inc. develops an air signature technology that can accurately identify a user's identity and instructions. It offers authentication products

for mobile devices.

09/14/2015 Anaveo 11.6 CM-CIC Capital Finance; Viveris Management ANAVEO, SAS manufactures intell igent video surveillance solutions. Examples include: persons detection solution through video surveillance and

intell igent video surveillance systems.

08/31/2015 Amaze Infotainment

Private Limited

19.9 EON Reality Amaze Infotainment Private develops virtual (VR) and augmented reality (AR) software. The company was incorporated in 2013 and is based in

Hyderabad, India.

07/30/2015 Vision Cortex 1.0 R&R Venture Partners; Elevator Fund Vision Cortex develops computer vision solutions to provide recognition, tracking, and odometry capabilities in drones and UAVs.

07/29/2015 ADASWorks 2.5 Inventure Oy; Robert Bosch Venture Capital; Day

One Capital Kockazati Tokealap-kezelo Zrt.

ADASWorks provides a software toolkit that fuses multiple car sensors, GPS, and map data with computer vision to create driver assistance and

semi-autonomous systems.

06/25/2015 Modcam 1.6 Spintop Ventures Modcam develops hardware, software, and camera sensor based device for computer vision processing.

04/14/2015 Movidius 40.0 Arch Venture Partner; Atlantic Bridge Capital;

Capital-E NV; Robert Bosch Venture Capital

Movidius operates as a computational image-processor chip and software company. Movidius offers computational imaging chipsets that

enable smart capture and continuous vision processing.

03/03/2015 LemnaTec 6.3 Anterra Capital LemnaTec provides image analysis and digital phenotyping solutions. LemnaTec offers software tools for plant phenotyping, which include image

acquisition, image processing and data mining.

02/17/2015 "RoboCV" 3.0 Almaz Capital Partners; I2BF Global Ventures;

Columbus Nova Technology Partners

"RoboCV" develops autonomous navigation solutions. The product, X-MOTION, takes decisions about equipment moving in real time based on

data from machine vision sensors and laser scanners.

01/30/2015 Mad Street Den Systems

Private Limited

1.5 Exfinity Venture Partners LLP; Growx Ventures

Management

Mad Street Den Systems Private Limited develops MADstack, a cloud-based platform that offers artificial intell igence and computer vision

modules.

11/06/2014 Megvii 47.0 Ignition Partners; Innovation Works; Qiming

Weichuang Venture Capital Management

Megvii Inc. provides Face++, a cloud-based face recognition service. It also develops Crows Coming and Free Skate

Xtreme, which are move-your-body mobile games.

10/17/2014 NerVve Technologies 6.0 HC2 Holdings (AMEX:HCHC) NerVve Technologies provides automated video analytics solutions. It offers ViDSrX that accelerates the review of huge stores of video and FMV.

09/02/2014 AirSig 2.0 Hon Hai AirSig develops an air signature technology that can accurately identify a user's identity and instructions. It offers authentication products for

mobile devices.

08/14/2014 Algolux 2.4 Real Ventures Algolux specializes in computational imaging, the intersection of photography, image processing, computer vision and graphics on mobile

devices.

05/28/2014 Fyusion 3.4 New Enterprise Associates Fyusion, Inc. designs and develops a 3-D image processing technology and photo-sharing application for users of iOS mobile devices.

04/03/2014 Mirada Medical 1.4 Albion Ventures LLP Mirada Medical Limited develops medical imaging software applications for radiology, molecular imaging, radiation

oncology, multidisciplinary meetings, imaging centers, and cancer centers.

03/31/2014 Movidius 2.5 DFJ Esprit LLP; Atlantic Bridge Capital; Capital-E NV;

Robert Bosch Venture Capital

Movidius operates as a computational image-processor chip and software company. It offers computational imaging chipsets that enable smart

capture and continuous vision processing.

03/27/2014 OrCam 20.0 Intel Capital OrCam Technologies designs and develops camera-based audio devices that use visual sensors for visually impaired

and blind individuals, as well as people with Dyslexia or memory loss.

07/10/2013 Movidius 16.0 DFJ Esprit LLP; Atlantic Bridge Capital; Capital-E NV;

Robert Bosch Venture Capital

Movidius operates as a computational image-processor chip and software company. It offers computational imaging chipsets that enable smart

capture and continuous vision processing.

06/30/2013 Superfish 10.0 Vintage Investment Partners; Draper Fisher

Jurvetson (DFJ); DFJ Tamir Fishman VenturesSuperfish is a visual search company that algorithmically analyzes an image and delivers similar and identical images

in real-time.

06/05/2013

Thalmic Labs

14.5 First Round Capital; Formation8 Partners;

FundersClub; Intel Capital; Spark Capital Partners

Thalmic Labs Inc. develops human-computer interaction technologies that bridge the gap between man and machine.

05/22/2013 Digital Signal

Corporation

50.0 Technology Control Corporation Digital Signal Corporation conducts research and development of three-dimensional facial recognition systems for the department of defense

and other federal agencies.

04/16/2013 GEO Semiconductor 13.0 Panasonic Corporation GEO Semiconductor, Inc. provides geometric processing, image signal processing, and video compression solutions to

address camera and projection products.

03/25/2013 Realeyes Data Services 3.2 Entrepreneurs Fund Management LLP; AS SmartCap Realeyes Data Services, an emotions research company, provides Web-based facial expression measurement solutions for video advertisements.

03/25/2013 MirriAd 5.5 Asia Today Limited; Zee Entertainment Enterprises

Limited

MirriAd operates as a video technology company that provides an in-video advertising technology platform to the

skip generation.

03/14/2013 iOnRoad 0.2 QUALCOMM Ventures iOnRoad provides iOnRoad, a driving tool that creates an augmented reality view of the road ahead and monitors traffic.

03/13/2013 MirriAd 5.5 Oxford Capital Partners LLP MirriAd operates as a video technology company that provides an in-video advertising technology platform to the

skip generation.

03/13/2013 BriefCam 6.5 Motorola Solutions Venture Capital BriefCam Ltd. develops and provides systems for the rapid review, analysis, and indexing of surveillance camera

feeds.

02/29/2013 Smart Eye 3.9 Fourieirtransform Smart Eye provides multi-camera head and eye tracking solutions for the Automotive, Aviation and Aerospace research and manufacturing

industries. Applications include detection of drowsiness or inattention in drivers.

02/13/2013 Organic Motion 2.3 Foundry Group Organic Motion develops computer vision and motion capture solutions. The company offers Stage, a human motion tracking and capturing

solution for various industries.

01/03/2013 Leap Motion 30.0 Andreessen Horowitz LLC; Highland Capital

Partners; The Founders Fund

Leap Motion develops 3D motion-control hardware and software. Leap Motion was formerly known as OcuSpec Inc.

and changed its name in May 2012

21

4. Public Company Profiles

22

Public Companies

Advanced Vision Technology ................................ 23

Alphabet Inc. ........................................................ 24

Apple Inc. ............................................................. 25

ARM Holdings ....................................................... 26

Autoliv, Inc. ........................................................... 27

Avigilon Corporation ............................................ 28

Basler AG .............................................................. 29

BMW Aktiengesellschaft ...................................... 30

Bosch Ltd. ............................................................. 31

CEVA Inc. .............................................................. 32

Cognex Corporation ............................................. 33

Continental Aktiengesellschaft ............................ 34

Damlier AG ........................................................... 35

Denso Corporation ............................................... 36

Elbit Vision Systems Ltd. ....................................... 37

Facebook Inc. ....................................................... 38

General Electric Company .................................... 39

Image Metrics Inc. ................................................ 40

Image Sensing Systems Inc. .................................. 41

Infineon Technologies Inc. ................................... 42

Intel Corporation .................................................. 43

Iteris Inc. .............................................................. 44

KLA-Tencor Corporation ....................................... 45

Magna International Inc. ..................................... 46

Microsoft Corporation ......................................... 47

Mobileye N.V. ....................................................... 48

Morpho Inc. ......................................................... 49

National Instruments Corporation ....................... 50

NVIDIA Corporation ............................................. 51

Orbotech Ltd. ....................................................... 52

Perceptron Inc. ..................................................... 53

Koninklijke Philips N.V. ......................................... 54

QUALCOMM Incorporated ................................... 55

Samsung Electronics Company Ltd ...................... 56

Seeing Machines Limited ..................................... 57

Siemens Limited ................................................... 58

STMicroelectronics NV ......................................... 50

Toshiba Corporation ............................................. 60

Xilinx Inc. .............................................................. 61

62

5. Private Company Profiles

63

Private Companies

2D3 .............................................. 64

3DiVi ............................................ 64

4tiitoo .......................................... 65

A9.Com (Amazon) ....................... 65

Adaptive Vision ........................... 66

Adept Technology ....................... 66

Advanced Vision Technology ....... 67

Aimetis ........................................ 67

Algolux ........................................ 68

Aptina Imaging ............................ 68

Augment ..................................... 69

Aurora ......................................... 69

Avalon Vision Solutions ............... 70

Brickstream ................................. 70

BriefCam ..................................... 71

Clarifai ......................................... 71

Claron Technology ....................... 72

Cloudburst Research ................... 72

Cognex ........................................ 73

Cognimatics ................................. 73

Cortexica ..................................... 74

Creaform ..................................... 74

Cube26 ........................................ 75

Digital Persona ............................ 75

Edao ............................................ 76

Ellips ............................................ 76

Emotient ..................................... 77

Eos Systems ................................. 77

Equinox ....................................... 78

Evi Technologies .......................... 78

Evitech ......................................... 79

Gazepoint .................................... 79

Genetec ....................................... 80

Geo Semiconductor ..................... 80

Gestigon ...................................... 81

Gesture Tek ................................. 81

Hawkeye ...................................... 82

Hermany ...................................... 82

HumanEyes .................................. 83

Imagemetry ................................... 83

Imagga ........................................... 84

Image Searcher .............................. 84

Imagineer ....................................... 85

Incogna .......................................... 85

InfoDif ............................................ 86

Intellivision .................................... 86

JLI Vision ........................................ 87

Kishonti .......................................... 87

Kolor .............................................. 88

Layar .............................................. 88

Leap Motion .................................. 89

LMI Technologies ........................... 89

Looktel ........................................... 90

LTU Technologies ........................... 90

Lucidyne ........................................ 91

Matrox Imaging ............................. 91

Megvii ............................................ 92

Metaio ............................................ 92

Mirada Medical .............................. 93

Mirametrix ..................................... 93

Mirriad ........................................... 94

Mnemonics .................................... 94

Mobile Acuity ................................ 95

Montrose Technologies ................. 95

MVTec ............................................ 96

Neptec Design Group .................... 96

Neurocheck ................................... 97

Newton Labs .................................. 97

Object Video .................................. 98

Omnibond ..................................... 98

Orbotech ....................................... 99

Orcam Technologies ...................... 99

Pelican Imaging ........................... 100

Percipo ........................................ 100

Playfulvision ................................ 101

Point Grey .................................... 101

PointGrab .................................... 102

Poseidon ...................................... 102

PPT Vision (Datalogic) ................ 103

Prozone ...................................... 103

QuesTec ..................................... 104

Realeyes ..................................... 104

Reveal Imaging ........................... 105

RSIP Vision ................................. 105

Seegrid ....................................... 106

Sension ...................................... 106

Sick ............................................. 107

Sightcorp .................................... 107

Sightech ..................................... 108

Sighthound ................................ 108

Sightlogix ................................... 109

Smart Eye ................................... 109

SMI ............................................. 110

Soft Kinetic ................................ 110

Soliton ........................................ 111

Spikenet Technology .................. 111

Sportvision ................................. 112

Stemming Imaging ..................... 112

Tend ........................................... 113

TeraDeep .................................... 113

Thalmic Labs .............................. 114

The Mathworks .......................... 114

Trafficvision ................................ 115

Tyzx ............................................ 115

Vangogh Imaging ....................... 116

VideoIQ ...................................... 116

VideoMining .............................. 117

Virtek Vision International ......... 117

VISIONx ...................................... 118

ViSSee ........................................ 118

Vitronic ...................................... 119

Vizrt ........................................... 119

VXI Global Solutions .................. 120

Wikitude .................................... 120

Wintress Engineering ................. 121

Xiris Automation ........................ 121

Z-Laser ....................................... 122

64

2d3 (acquired by Boeing)Company Overview

Address: Website: www.2d3.com

Founded: 2007

Total Capital Raised: N/A

Investors:

Selected Senior Management and Board Members

Professional Professional Title

Nichoals Bolton Chief Executive Officer

Leo Hazlewood

Lawrence Meador Board Member

James Peak Board Member

2d3 Inc. delivers imaging technology. 2d3 provides science solutions for industrial, defense, and entertainment

applications.

N/A

Board Member

4199 Campus Drive

Suite 620

Irvine,

California

3DiViCompany Overview

Address: Website: www.3divi.com

Founded: 2011

Capital Raised: $2.7M

Investors:



Dmitry Morozov Co-Founder/ Director of Business development

Alexey Stolyar Head of Software Development

64D Lenin Av.

Chelyabinsk,

Russia

Papillon Zao, Skolkovo Foundation, Skolkovo Innovation Center

3DiVi develops 3D computer vision solutions for applications in consumer/industrial products, Smart TVs, biometric

systems /robotics. 3DiVi offers Nuidroid, a gesture recognition middleware.

65

4tiitooCompany Overview

Address: Website: www.4tiitoo.com

Founded: 2007

Capital Raised: N/A

Investors: Intel



Tore Meyer Chief Executive Officer

Stephan Odorfer Founder and Chief Technology Officer

4tiitoo GmbH develops natural user interaction (NUI) software focusing on control of computing devices with eye

tracking and gesture and speech recognition.

St.-Martin-Strasse 53

Munich, Bavaria

Germany

A9.com Company Overview

Address: Website: www.A9.com

Founded: 2003


Investors:



Diana Sutter Vice President of Human Resources

Jeffrey P. Bezos

Jeffrey M. Blackburn Principal Advisor

G. D. Ramkumar Chief Architect of Visual Search

A9.com, Inc. provides search technologies. The company was founded in 2003 and is based in Palo Alto, California.

A9.com, Inc. operates as a subsidiary of Amazon.com, Inc.

130 Lytton Avenue

Suite 300

Palo Alto,

California

N/A

Principal Advisor

66

Adaptive Vision Company Overview

Address: Website: www.adaptive-vision.com

Founded: 2001


Investors:



Michal Czardybon General Manager of Adaptive Vision

Adaptive Vision delivers standard software products for the industrial vision systems market. Programmers also

support industrial end-users in developing bespoke machine vision solutions.

Bojkowska Street

Suite 37A

Gliwice,

Poland

N/A

Adept Technology (acquired by OMRON)Company Overview

Address: Website: www.adept.com

Founded: 1983

Total Capital Raised: $53.0M

Investors:



Rob Cain Chief Executive Officer and President

Seth Halio

Deron Jackson Chief Technology Officer

Venkat Rajagopalan Senior Director of Operation

Adept Technology designs, manufactures, and sells industrial and mobile robots for electronic, semiconductor,

medical and automotive markets among many others. Acquired by OMRON Corp.

5960 Inglewood Drive

Pleasanton,

California

Nantahala Capital Management LLC., Hale Capital Partners and CrossLink

Chief Financial Officer and Corporate Secretary

67

Advanced Vision Technology Company Overview

Address: Website: www.avt-inc.com

Founded: N/A


Investors:



Jaron Lotan Chief Executive Officer and President

Udi Bar Sela

Windell McGill President

Yair Shaharabany Chief Operating Officer

AVT (Advanced Vision Technology) is the global leader in print process control, quality assurance, and press control

for the packaging, labels, and commercial print industries.

5910 Shiloh Road East

Alpharetta,

Georgia

N/A

Chief Financial Officer

Aimetis Company Overview

Address: Website: www.aimetis.com

Founded: 2001


Investors:



Marc Holtenhoff Chief Executive Officer and Director

Mike Janzen

Justin Schorn Co-Founder, Vice President of Product Management and Director

David Almasi Vice President of Global Sales

Aimetis Corp., a software company, develops, markets, and implements intelligent video management solutions for

security surveillance and business intelligence applications.

500 Weber Street

North

Waterloo, Ontario,

Canada

Covington Capital Corporation, VentureLink LP

Founder and Director

68

AlgoluxCompany Overview

Address: Website: www.algolux.com

Founded: 2013


Investors:



Allan Benchetrit Chief Executive Officer President

Paul Green

Paul Boucher Vice President of Research and Development

Domenic Durante Chief Financial Officer

Algolux specializes in computational imaging, the intersection of photography, image processing, computer vision

and graphics on mobile devices.

1751 Richardson,

Suite 5.200

Montréal, QC,

Canada

Real Ventures and Tandem Launch

Co-Founder and Chief Technology Officer

Aptina Imaging (acquired by ON Semiconductor) Company Overview

Address: Website: www.aptina.com

Founded: 2008


Investors:



Phillip Carmack Chief Executive Officer and Director

Sandor Barna

Nathan Sarkisian Chief Financial Officer

Antonio Alvarez Chief Operaing Officer

Aptina Imaging manufactures CMOS imaging products. Acquired by ON Semiconductor

3080 North 1st Street

San Jose,

California

N/A

Chief Technology Officer

69

Augment Company Overview

Address: Website: www.augmentedev.com

Founded: 2011


Investors:



Jean-François Chianetta Co-founder and Chief Executive Officer

Cyril Champier

Mickaël Jordan Co-founder and Chief Marketing Officer

Augment develops an augmented reality application for sales, communication, and E-Commerce.

61 rue du Faubourg

Saint-Denis

Paris,

France

Covington Capital Corporation, VentureLink LP

Co-founder and Chief Technology Officer

AuroraCompany Overview

Address: Website: www.facerec.com

Founded: 1998


Investors:



Hugh Carr-Archer Chief Executive Officer President

Patrick Usher

Richard McLaughlin IT Manager

Dr Tom Heseltine Chief Technology Officer

Aurora is the UK’s leading provider of biometric face recognition systems.

Midland Road,

Higham Ferrers

NN10 8DN,

United Kingdom

N/A

Technical Director

70

Avalon Vision Solutions Company Overview

Address: Website: www.avalonvisionsolutions.com

Founded: 1991


Investors:



Ed Kachnic President

Bill Nichol

Larry Scarbrough Vice President of Customer Service

Peter Kepf Business Development Manager of South Central US

Avalon Vision Solutions, LLC offers machine vision systems for injection molding and die-casting industries.

422 Thornton Road,

Suite 104

Lithia Springs,

Georgia

Cognex Vision Ventures, Wolf Ventures, Technolog Funding Inc.

Vice President of Sales and Marketing

Brickstream Company Overview

Address: Website: www.nomi.com

Founded: 2000


Investors:



Amir Hudda Founder

Steve Jeffery

Ralph Crabtree Chief Technlogy Officer

John Kahn Chief Financial Officer

Brickstream’s in-store analytics solution provides retailers insights to improve the customer experience in the store

and across channels.

2 Sun Court NW

Suite 400

Norcross,

Georgia

RBC Venture Partners, Relay Ventures and Trinity Capital Investment

Chief Executive Officer

71

BriefCam Company Overview

Address: Website: www.briefcam.com

Founded: 2007


Investors:



Gideon Y. Ben-Zvi Co-Founder, Chairman of the Board and President

Dror Irani

Yaron Caspi Co-Founder and Vice President of Research & Development

Shmuel Peleg Co-Founder and Chief Scientist

BriefCam Ltd. develops and provides systems for the rapid review, analysis, and indexing of surveillance camera

feeds.

G.G. Communication

Center, Suite 302

Neve Ilan,

Israel

Motorola Solutions Venture Capital, Aviv Venture Capital Ltd

Chief Executive Officer and President

ClarifaiCompany Overview

Address: Website: www.clarifai.com

Founded: 2013


Investors:



Matthew Zeiler Founder and Chief Executive Officer

Adam Berenzweig Chief Technology Officer

David Blanke General Manager

Jim Reesman VP of Engineering

Clarifai, Inc. provides advanced image recognition systems for detecting near-duplicates and visual search.

137 Varick Street

New York,

New York

Corazon Capital LLC, Lux Capital Management, New York University, Endowment Arm, Osage

Partners LLC, Union Square Ventures, NYU Innovation Venture Fund

72

Claron Technology (acquired by Lexmark) Company Overview

Address: Website: www.clarontech.com

Founded: 2001


Investors:



Doron Dekel Founder and Chief Executive Officer

Claudio Gatti

Sandra Stapleton Executive Director of Algorithmics

Zami Yerushalmy Executive Consultants

Claron Technology Inc. develops OEM medical image processing solutions. Claron Technoloy offers MicronTracker

platform, to accomplish computer vision tasks. Acquired by Lexmark.

120 Carlton Street

Suite 217

Toronto,

Ontario

N/A

Founder and Co-Chief Executive Officer

Cloudburst (acquired by Alphabet)Company Overview

Address: Website: www.cloudburstresearch.com

Founded: 2009


Investors:



Cloudburst aims to apply the latest computer vision research to create compelling consumer applications on mobile

devices.

N/A

N/A

73

CognexCompany Overview

Address: Website: www.cognex.com

Founded: 1981


Investors:



Robert J. Shillman Chairman

Robert Willett

Richard A. Morin Chief Executive Officer

Cognex is the world's leading provider of vision systems, vision software, vision sensors and suface inspection

systems used in manufacturing automation.

One Vision Drive

Natick,

Massachusetts

N/A

President and Chief Executive Officer

Cognimatics Company Overview

Address: Website: www.cognimatcs.com

Founded: 2003


Investors:



Rikard Bethilsson Chief Executive Officer

Mikael Nilsson

Anna Arwidi VP Sales and Marketing

Cognimatics AB provides intelligent video and image analysis solutions for retail surveillance and mobile

communications applications.

Ideon Science Park

Scheelevägen 17

Lund, Skåne County,

Sweden

N/A


74

Cortexica Company Overview

Address: Website: www.cortexica.com

Founded: 2008


Investors:



Iain A. McCready Chief Executive Officer and Director

Anil Bharath

Alfred Dietel Co-Founder

Scott White Co-Founder and Director

Cortexica Vision Systems Limited develops bio-inspired vision systems.

The Incubator Imperial

College London South

Kensington, London,

United Kingdom

Esmee Fairbairn Foundation, Imperial Innovations Group

Co-Founder, Chief Scientific Officer and Director

Creaform Company Overview

Address: Website: www.creaform3d.com

Founded: 2002


Investors:



Charles Mony Founder, President, Director and Chief Executive Officer

Charles Reny

Fanny Truchon Vice-President of Operations

Marco St-Pierre Vice-President of Innovation and Technologies

Creaform Inc. develops, manufactures, distributes, and sells portable 3D measurement technologies for customers

worldwide.

5825 rue St-Georges

Lévis

Quebec,

Canada

N/A

Vice-President of Finance and Administration

75

Cube 26Company Overview

Address: Website: www.cube26.com

Founded: 2012


Investors:



Saurav Kumar CoFounder and Chief Executive Officer

Akash Jain Co-Founder and Chief Technology Officer

Abhilekh Agarwal Co-Founder

Cube26 Software develops a gesture technology that allows devices to recognize users, interpret human gestures,

and understand their emotions.

B-103 Second FL

Panchsheel

New Delhi,

India

Tiger Global Management, Flipkart

DigitalPersona (acquired by Crossmatch)Company Overview

Address: Website: www.crossmatch.com

Founded: 1996


Investors:



Richard Agostinelli Chief Executive Officer

Jerry Cahill

George McClurg Chief Technology Officer

Lance Roncalli Senior Vice President of Global Sales and Business Development

DigitalPersona, Inc. offers biometrics-based identity verification solutions. Digital Persona does business both in the

United States and internationally.

3950 RCA Boulevard

Suite 5001

Palm Beach Gardens,

Florida

N/A


76

Edao Company Overview

Address: Website: www.edao.com

Founded: 2006


Investors:



Pierre Schuler Chief Executive Officer

Edao is a video monitoring solution for patients in residential care. Edao, is designed to recognize the most common

risk situations encountered in assisted living facilities.

3 bis rue Taylor

Paris,

France

N/A

EllipsCompany Overview

Address: Website: www.ellips.com

Founded: 1989


Investors:



Erwin Bakker Managing Director

John Albert

Ellips provides vision systems for inspecting and grading fruits and vegetables.

Ellips B.V.

Esp 300

5633 AE Eindhoven,

The Netherlands

N/A

General Manager

77

EmotientCompany Overview

Address: Website: www.emotient.com

Founded: 2008


Investors:



Kenneth Denman Chief Executive Officer and President

Marian Bartlett Founder and Lead Scientist

Ian Fasel Founder and Lead Developer

Edward Colby Senior Vice President of Product and Business Development

Emotient, Inc. provides facial expression recognition and analysis technologies.

4435 Eastgate Mall

Suite 320

San Diego,

California

Handbag, LLC, Intel Capital

Eos SystemsCompany Overview

Address: Website: www.photomodeler.com

Founded: 1990


Investors:



Alan Walford Chief Executive Officer

Eos Systems PhotoModeler software allows creation of texture-mapped 3-D models from a small number of

photographs. Also provides accurate photogrammetric 3D measurements from multiple images of a scene.

210 - 1847 W Broadway

Vancouver BC

V6J 1Y6

Canada

N/A

78

Equinox Sensors Company Overview

Address: Website: www.equinoxsensors.com

Founded: 1999


Investors:



Lawrence Wolff Founder and Chief Executive Officer

Christopher Eveland

Diego Socolinski Director of Research and Development

Marvin Hutt Senior Optical Engineer

Equinox Sensors has been a leader in intelligent image and sensor exploitation for defense applications. We have

delivered solutions for image fusion, target detection, tracking and recognition.

9 West 57th Street

Suite 1650

New York,

New York

N/A

Director of Engineering

Evi Technologies (acquired by Amazon)Company Overview

Address: Website: www.evi.com

Founded: 2003


Investors:



William Reeve Executive Chairman

Barak Berkowitz

William Tunstall-Pedoe Founder and Chief Product Officer

Mitchell Pender Commercial Director

Evi Technologies Ltd. provides a mobile application that answers questions about books, music, films, conversions,

history, people, places, and more.

Poseidon House

Castle Park

Cambridge,

United Kingdom

N/A

Chief Executive Officer

79

Evitech Company Overview

Address: Website: www.evitech.com

Founded: 2005


Investors:



Evitech is a french video analytics and video motion detection firm. Evitech's technoloy is used in various industries

including defense, oil and gas, transportation and the mobile arena.

7 rue Léonard de Vinci

Antony,

France

N/A

GazepointCompany Overview

Address: Website: www.gazept.com

Founded: 2013


Investors:



Craig Hennessey Founder

Johnny Tam Chief Operations Officer

Gazepoint provides low-cost eye-trackers for consumer and research applications.

Vancouver BC

Canada

N/A

80

Genetec Company Overview

Address: Website: www.genetec.com

Founded: 1997


Investors:



Pierre Racz Founder and Chief Execuive Officer

Georges Karam

Patrice Belmonte Director of Marketing-Communications

Guy Chenard Vice President Global Sales and Business Development

Genetec Inc. develops and delivers IP license plate recognition (LPR), video surveillance, and access control systems.

2280 Alfred-Nobel

Blvd Suite 400

Montreal,

Canada

N/A

Chief Commercial Officer

GEO Semiconductor Company Overview

Address: Website: www.geosemi.com

Founded: 2009


Investors:



Paul Russo Founder and Chairman

David Orton

Eric Erdman Chief Financial Officer

Zorawar Bassi Chief Technoloy Officer

GEO Semiconductor, Inc. provides geometric processing, image signal processing, and video compression solutions to

address camera and projection products.

101 Metro Drive

Suite 620

San Jose,

California

Harris & Harris Group, Montage Capital and Panasonic

Chief Execuive Officer, President and Director

81

GestigonCompany Overview

Address: Website: www.gestigon.de

Founded: 2011


Investors:



Sascha Klement Co-Founder and Chief Technology Officer

Moritz Von Grotthuss Co-Founder and Chief Strategy Officer

Gestigon GmbH provides software for recognition of hand and body gestures. It offers a software package that use 3D

image data and enables gesture control for devices and applications.

Maria-Goeppert Straße

1

Lübeck,

Germany

High-Tech Gruenderfonds, High Tech Gründerfonds, MBG Schleswig-Holstein, Vorwerk Direct

GestureTek (acquired by QUALCOMM)Company Overview

Address: Website: www.gesturetek.com

Founded: 1986


Investors:



Vincent Vincent Co-founder and Chief Executive Officer

Erol Vekil

Patti Jordan Director of Marketing and Communications

Yoshitaro Kumagai Vice President of Asian Business Development

GestureTek, Inc. provides camera-enabled gesture-recognition software for presentation and entertainment

systems. Acquired by Qualcomm.

530 Lakeside Drive

Suite 280

Sunnyvale,

California

Telefonica Ventures

President

82

Hawk-Eye (acquired by Sony)Company Overview

Address: Website: www.hawkeyeinnovations.co.uk

Founded: 2001


Investors:



Stephen Carter Managing Director

Paul Hawkins

Jason Bernstein Managing Director USA

Edward Hawke Chief Technology Officer

Hawk-Eye Innovations Ltd. provides ball-tracking technology, officiating simulators, and coaching systems for sports

viewers, officials, and performers.

Jays Close Viables

Basingstoke

Hampshire,

United Kingdom

N/A

Founder & Chief Innovation Officer

Hermary Company Overview

Address: Website: www.hermarymachinevision.com

Founded: 1990


Investors:



Terry Hermary Chief Executive Officer

Jim Quay

Wes Henderson Director of Business Development

Hermary Opto Electronics is an engineering company that designs and manufactures Machine Vision technology.

Hermary looks to tackle and improve the industrial operations market.

104-1500 Hartley

Avenue

Coquitlam, BC,

Canada

N/A

Director of Finance and Operation

83

HumanEyes Company Overview

Address: Website: www.humaneyes.com

Founded: 2000


Investors:



Duby Hodd Chief Executive Officer and Director

Gideon Y. Ben-Zvi

Shmuel Peleg Founder and Chief Technology Officer

Shahar Bin-Nun Vice President of Graphic Arts Sales

HumanEyes Technologies, Ltd. provides solutions for creation and printing of 3D and 2D effects.

1-4 High-Tech Village

Edmond Safra Campus

Jerusalem,

Israel

Docor International B.V., Kadima High Tech

Founder, President and Director

ImagemetryCompany Overview

Address: Website: www.imagemetry.com

Founded: 2008


Investors:



Babak Mahdian Chief Executive Officer

Radim Nedbal Chief Technology Officer

Nguyen Vinh R&D Image Processing, Pattern Recognition

Sebastian Lee R&D Embedded Devices, Image Processing

Imagemetry Develops custom computer vision applications for mobile devices and web imaging products.

Jugoslavskych

partyzanu 3

16000 Prague,

Czech Republic

N/A

84

Imagga Company Overview

Address: Website: www.imagga.com

Founded: 2008


Investors:



Pavel Andreev Co-Founder and Creative Director

Hristo Georgiev Co-Founder and Marketing Director

Georgi Kadrev Co-Founder and Managing Director

Stavri Nikolov Co-Founder and Research Director

Imagga Ltd. develops and operates a cloud platform that helps businesses and individuals to analyze, process, and

organize their digital photos or images.

70 Neofit Rilski Street

Apt. 3

Sofia,

Bulgaria

LAUNCHub

Image Searcher Company Overview

Address: Website: www.cloudsightapi.com

Founded: 2012


Investors:



Dominik Mazur Chief Executive Officer

Victoria Aagaard

Sadia Benkirane Director of Accounting

Ian Parnes Director of Business Development

Image Searcher, Inc. specializes in image recognition and mobile visual search. It engages in developing CloudSight, a

Web API.

5455 Wilshire

Boulevard Suite 1111

Los Angeles,

California

N/A

Vice President of Operations

85

Imagineer (acquired by Artel) Company Overview

Address: Website: www.imagineersystems.com

Founded: 2000


Investors:



Jean-Paul Smith Chief Executive Officer

Ross Shain

Mik Wells Head of Engineering

Bryan Milne Vice President of Sales

Imagineer Systems Ltd. develops visual effects solutions for film, video, and broadcast post-production markets.

40 Occam Road

Guildford, Surrey,

United Kingdom

Artel Sofware Inc., Fond Fondov and London Seed Capital

Chief Marketing Officer

IncognaCompany Overview

Address: Website: www.incogna.com

Founded: 2007


Investors:



Kris Woodbeck President and Chief Executive Officer

Huiqiong Chen Chief Operating Officer

Gerhard Roth Chief Science Officer

Icogna develops a system for image search on the web. Uses GPUs for increased performance.

1200 Montreal Road,

Building M-50

Ottawa, Ontario,

Canada

N/A

86

InfoDifCompany Overview

Address: Website: www.infodif.com

Founded: 2007


Investors:



Eren PARLAKGÜMÜŞ General Manager

Kadir Deniz BD Executive

Adil Erol Küçük Vice President of Operations

InfoDif provides vision system solutions for broad range of industries and applications.

Odtü Teknokent,

Gümüş Bloklar BK1

Çankaya/Ankara,

Turkey

N/A

IntelliVision Company Overview

Address: Website: www.intelli-vision.com

Founded: 2002


Investors:



Vaidhi Nathan Chief Executive Officer and President

John Sepassi

Albert Kay VP Product Management

IntelliVision is a leading company in “Video Intelligence and Automated Monitoring” solutions for security,

surveillance and safety markets.

6203 San Ignacio Ave

Suite 112

San Jose,

California

N/A

Director of OEM Sales

87

JLI Vision Company Overview

Address: Website: www.jlivision.com

Founded: 1998


Investors:



Jorgen Laessoe Chief Executive Officer

Henrik Birk

JLI is involved in the development, manufacturing and installation of computer vision systems for industry and

laboratories. The computer vision systems are in place to secure quality control.

Poppelgårdvej 9

DK-2860 Søborg,

Denmark

N/A

Quality Manager

Kishonti Company Overview

Address: Website: www.kishonti.net

Founded: 2003


Investors:



Ezster Szilva Partner Manager

Kishonti Ltd. is a leading specialist in high-performance graphics, compute, automotive and computer vision

solutions.

Szépvölgyi út 39

1037 Budapest,

Hungary

N/A

88

Kolor (Acquired by GoPro)Company Overview

Address: Website: www.kolor.com

Founded: 2004


Investors:



Alexandre Jenny Chief Executive Officer

Lionel Laissus Co-Founder Engineer

Kolor develops the Autopano Pro software for automated panorama stitching of digital images. Kolor also provides

high-dynamic-range imaging by combining multiple exposures.

112 voie Albert

Einstein

73800 Francin,

France

N/A

Layar Company Overview

Address: Website: www.layar.com

Founded: 2009


Investors:



Raimo van der Klein Chief Executive Officer

Dirk Groten

Arjen de Vries Director of Creative Services

Kate Russell Director of Strategic Accounts

Layar B.V. develops augmented reality and interactive print solutions.

Vijzelstraat 20

Amsterdam Noord-

Holland, Netherlands

N/A


89

Leap Motion Company Overview

Address: Website: www.leapmotion.com

Founded: 2010


Investors:



Michael Buckwald Founder and Chief Executive Officer

Andrew Miller

Peter Lurie Senior Vice President of Business Developmen and General Counsel

Michael Zagorsek Vice President of Product Marketing

Leap Motion develops 3D motion-control hardware and software. Leap Motion was formerly known as OcuSpec Inc.

and changed its name in May 2012.

333 Bryant Street

Suite LL 150

San Francisco,

California

Andreesen Horowitz, Bill Warner and Brian McClendon

President and Chief Operating Officer

LMI Technologies (acquired by Augusta)Company Overview

Address: Website: www.lmi3d.com

Founded: 1976


Investors:



Terry Arden Chief Executive Officer

Cor Maas

Ho Ng Chi Director of Produc Management

Len Chamberland Director of Sales

LMI Technologies Inc. develops and provides three-dimensional (3D) scanning and inspection solutions.

1673 Cliveden Avenue

Delta, BC,

Canada

N/A

Vice President of Srategic Development

90

LookTel Company Overview

Address: Website: www.looktel.com

Founded: 2008


Investors:



Chuck Blanchard Co-Founder, Designer

LookTel is developing a suite of revolutionary assistive smartphone applications that bring the most powerful

recognition technology of today to the aid of persons with low vision or blindness.

1482 East Valley Road

Suite 888

Santa Barbara,

California

N/A

LTU Technologies Company Overview

Address: Website: www.ltutech.com

Founded: 1999


Investors:



Frederic Jahard Chief Executive Officer

Catherine Faure-Cachard

Anne-Sophie Taillandier Chief Technology Officer

LTU Technologies S.A.S. develops an image recognition software for government, law enforcement, visual content

tracking, eCommerce, and mobile applications worldwide.

132 rue de Rivoli

Paris,

France

N/A


91

LucidyneCompany Overview

Address: Website: www.lucidyne.com

Founded: 1985


Investors:



George M. Carman President

Ellen K. Nelson Controller

Mark S. Hiatt Engineer Manager

Ofer Heyman Director of Operations

Lucidyne is a world leading manufacturer of scanning technologies for the wood product industry. Lucidyne provides

vision systems for inspecting and grading lumber.

155 SW Madison Ave

Corvallis,

Oregon

N/A

Matrox Imaging Company Overview

Address: Website: www.matrox.com

Founded: 1976


Investors:



Lorne Trottier President

François Bertrand

Matrox Imaging Ltd. designs software and hardware solutions in the fields of graphics, video editing, and image

processing in Canada and internationally.

1055 St. Regis Blvd

Dorval

Quebec,

Canada

Matrox Electronic Systems, Ltd.

Director of Sales and Marketing

92

Megvii Company Overview

Address: Website: www.megvii.com

Founded: 2011


Investors:



Wenbin Tang Co-founder and Chief Executive Officer

Qi Yin

Megvii Inc. provides Face++, a cloud-based face recognition service. It also develops Crows Coming and Free Skate

Xtreme, which are move-your-body mobile games.

10th Floor, Building A

Dinghao Building

Haidian District,

China

Ignition Partners, Innovation Works, Legend Capital, Qiming Weichuang Venture Capital,

Innovation Works Ltd.,Legend Star

Co-Founder and President

metaio Company Overview

Address: Website: www.metaio.com

Founded: 2003

Total Capital Raised:

Investors:



metaio GmbH offers Unifeye Mobile platform, which helps to create Augmented Reality (AR) applications for iPhone,

Android, Symbian, and WinMobile devices.

Infanteriestraße 19

House 4b

Munich,

Germany

93

Mirada Medical Company Overview

Address: Website: www.mirada-medical.com

Founded: 1999


Investors:



Hugh Bettesworth Chief Executive Officer and Director

Timor Kadir

Mary Beth Archibald Executive Vice President for US Service and Operations

Paul Meskell Vice President of Marketing and Business Development for APAC

Mirada Medical Limited develops medical imaging software applications for radiology, molecular imaging, radiation

oncology, multidisciplinary meetings, imaging centers, and cancer centers.

Oxford Centre for

Innovation New Road

Oxford, Oxfordshire,

United Kingdom

Albion Ventures LLP

Chief Science and Technology Officer

Mirametrix (acquired by TandemLaunch)Company Overview

Address: Website: www.mirametrix.com

Founded: 2008


Investors:



Helge Seetzen Chief Executive Officer

Benjamin Yoskovitz

Martin Girard Vice President of Product

Mirametrix Inc. develops, manufactures, and sells gaze tracking systems for use in vision research and content

analytics applications to customers in Canada and internationally.

Montreal,

Canada

N/A

Vice President of Marketing

94

MirriAdCompany Overview

Address: Website: www.mirriad.com

Founded: 2006


Investors:



Mark Popkiewicz Chief Executive Officer and Director

Nick Charlton

Tim Harris Chief Technology Officer

Philip McLauchlan Chief Science Officer

MirriAd operates as a video technology company that provides an in-video advertising technology platform to the

skip generation.

Chief Financial Officer and Director

21 Broadwall

London,

Greater London,

United Kingdom

Oxford Capital Partners, Asia Today, Zee Entertainment Enterprises, STV Group, London Seed

Capital, Mercia Fund Management, Seraphim Capital

Mnemonics Company Overview

Address: Website: www.mnemonics-inc.com

Founded: 1979


Investors:



Harry B. Thompson President

Hap Thompson

Ed Struble Vice President of Avionics and Weapon Systems Business Area

Mnemonics supplies technology products and services for aerospace and defense, medical, and industrial markets in

the United States.

3900 Dow Road

Melbourne,

Florida

N/A

Executive Vice President

95

Mobile AcuityCompany Overview

Address: Website: www.mobileacuity.com

Founded: 2006


Investors:



Chris Wade Execuitive Chairman

Anthon Ashbrook

Geoff Ballinger Vice President of Engineering

Mobile Acuity Limited operates as a technology company that enables mobile visual search applications for retailers

and interactive campaigns.

Appleton Tower 6.15

11 Crichton St

Edinburgh, Midlothian,

United Kingdom

bieMedia LLC, E-Synergy Ltd. and Imprimau Capital

Founder and Chief Technology Officer

Montrose TechnologiesCompany Overview

Address: Website: www.montrose-tech.com

Founded: 1998


Investors:



Montrose Technologies provides vision system solutions for the baked goods industry. Systems monitor bake color,

shape, and size of bread, cookies, tortillas, etc.

1051 Baxter Road

Ottawa, Ontario,

Canada

N/A

96

MVTecCompany Overview

Address: Website: www.mvtec.com

Founded: 1996


Investors:



Wolfgang Eckstein Managing Director

Olaf Munkelt Managing Director

MVTec Software GmbH develops and supplies software products for machine vision applications. It offers HALCON, a

machine vision software for OEMs, system integrators, and engineers; and ActivVisionTools.

Neherstrasse 1

Munich,

Germany

N/A

Neptec Design Company Overview

Address: Website: www.neptec.com

Founded: 1990


Investors:



Iain Christie Chief Executive Officer and President

Ken Killin

John Schneider Vice President of Operations

Janson Tommaso Vice President of Marketing and Strategy Development

Neptec Design Group Ltd. specializes in the development, production, integration and operation of intelligent

spaceflight sensors. Products include space vision systems, 3D laser scanner, etc.

302 Legget Drive

Suite 202,

Kanata, ON,

Canada

N/A


97

NeuroCheckCompany Overview

Address: Website: www.neurocheck.com

Founded: 1993


Investors:



Bernd Streicher-Abel Founder and General Manager

Christian Demant Founder

NeuroCheck develops innovative machine vision systems for visual quality control in manufacturing.

Engineering Center

Neckarstr. 76/1

71686 Remseck,

Germany

N/A

Newton Labs Company Overview

Address: Website: www.newtonlabs.com

Founded: 1993


Investors:



Carl Witty Vice President

Newton Labs is a privately held developer and manufacturer of machine vision and robotic systems serving a wide

range of industries including: aerospace, automotive, electronics, nuclear, etc.

441 SW 41st Street

Renton,

Washington

N/A

98

ObjectVideo Company Overview

Address: Website: www.objectvideo.com

Founded: 1998


Investors:



Raul J. Fernandez Chairman and Chief Executive Officer

Warren Brown

Paul Brewer Co-Founder and Vice President of New Technology

Steven E. Renkes Vice President of Finance and Controller

ObjectVideo provides video software for security, public safety, business intelligence, and operational

improvement.

11600 Sunrise Valley

Dr Suite 210

Reston,

Virginia

President

Novak Biddle Venture Partners, ABS Ventures, @Ventures, Texas Instruments, Updata

Partners, New Vantage Group

Omnibond Company Overview

Address: Website: www.omnibond.com

Founded: 1999


Investors:



Boyd Wilson Executive Director

Ray Keys

Amy Cannon Director of Sales and Business Development

Omnibond provides identity management solutions and computer vision solutions for the transportation, outdoor

marketing industries and social media engagement.

81 Technology Drive

Anderson,

South Carolina

N/A

Director of Marketing

99

Orbotech Company Overview

Address: Website: www.orbotech.com

Founded: 1983


Investors:



Barry Cohen Chief Executive Officer

Ken Maylor

Becky Henrion Director of Human Resources

Guy Alon Director of Marketing

Orbotech, Inc. manufactures and markets laser direct imaging and automated optical inspection equipment.

44 Manning Road

Suite 4,

Billerica,

Massachusetts

N/A

Vice President of Sales

OrCam Technologies Company Overview

Address: Website: www.orcam.com

Founded: 2010


Investors:



Ziv Aviram Co-founder and Chief Executive Officer

Amnon Shashua Co-founder and Chief Technology Officer

Erez Na’Aman Vice President of Engineering and Business Development

Yonatan Wexler

OrCam Technologies designs and develops camera-based audio devices that use visual sensors for visually impaired

and blind individuals, as well as people with Dyslexia or memory loss.

13 Hartom Str

Jerusalem,

Israel

Intel Capital, b-to-v Partners, Aviv Venture Capital

Vice President of Research and Development

100

Pelican ImagingCompany Overview

Address: Website: www.pelicanimaging.com

Founded: 2008


Investors:



Christopher Pickett Chief Executive Officer

Aman Jabbi Co-Founder

Robert Mullis Co-Founder

Kartik Venkataraman Co-Founder and Chief Technology Officer

Pelican Imaging Corporation develops a depth-sensing array technology to capture three-dimensional images and

videos from mobile devices.

451 El Camino Real

Santa Clara,

California

Nokia Growth Partners, Panasonic Corporation, QUALCOMM Ventures

PercipoCompany Overview

Address: Website: www.percipo.com

Founded: 2008


Investors:



Mehran Farimani Chief Executive Officer

Percipo uses machine perception to produce descriptive information about people in photos and videos.

901 Mission Street

Suite 105

San Francisco,

California

N/A

101

PlayfulVision Company Overview

Address: Website: www.playfulvision.com

Founded: 2013


Investors:



Horesh Ben Shitrit Chief Executive Officer

Charles Dubout

Pascal Fua Co-founder and Research Advisor

Eitan Lubitch Business Advisor

PlayfulVision provides real-time, video-based analytics and statistics for sports at all levels. Including ball 3D position

and speed, player fitness and skills and the team tactics.

Chemin de la Raye 13,

Ecublens,

Switzerland

N/A

Head of Research

Point Grey Company Overview

Address: Website: www.ptgrey.com

Founded: 1997


Investors:



Rod Barman President and Vice President of Engineering

Don Murray Director of Computer Vision

Michael Gibbons

Eric Thor Vice President of Finance & Administration

Point Grey designs and manufactures digital cameras for industrial, scientific, medical, traffic, and security

applications.

12051 Riverside Way

Richmond,

Canada

N/A

Vice President of Sales & Marketing

102

PointGrab Company Overview

Address: Website: www.pointgrab.com

Founded: 2008


Investors:



Haim Perski Co-Founder and Chief Executive Officer

Amir Kaplan Co-Founderand Vice President Technology

Itamar Roth

Ben Meir Chief Finance Officer

PointGrab provides computer vision solutions to home automation and consumer electronics products.

4 Haharash St.

Hod Hasharon,

Israel

N/A

Chief Marketing Officer

PoseidonCompany Overview

Address: Website: www.poseidon.fr

Founded: 1995


Investors:



The Poseidon System monitors swimming pools to warn of accidents and drowning victims.

3, rue Nationale

92100 Boulogne,

France

N/A

103

PPT Vision (acquired by Datalogic)Company Overview

Address: Website: www.datalogic.it

Founded: 1981


Investors:



Romano Volta Execuitive Chairman

Anthon Ashbrook

Geoff Ballinger Vice President of Engineering

PPT Vision Inc. designs, manufactures, and markets machine vision based intelligent cameras used for automated

inspection, measurement, and guidance applications.

6301 Old Shakopee Rd

Suite A,

Bloomington,

Minnesota

N/A

Founder and Chief Technology Officer

Prozone (acquired by STATS)Company Overview

Address: Website: www.prozonesports.com

Founded: 1996


Investors:



Barry McNeill Managing Director

Richard Dean

Michael Adamson Head of Referee Services

Paul Neilson Head of Business Operations

Prozone Sports Ltd. develops performance analysis solutions for football matches. It offers PROZONE3, a player

tracking system that provides a physical, technical, and tactical coaching tool.

3 Craven Court

Millshaw

Leeds, W Yorkshire,

United Kingdom

N/A

Finance Director

104

QuesTecCompany Overview

Address: Website: www.questec.com

Founded: 1987


Investors:



Derek Donaldson President

Edward Plumacher Head of Accounting

Ron Kimlowski Sports Marketing Director

Dan Beard Production Manager

QuesTec, Inc. engages in designing, developing, and marketing software and hardware systems, which present three-

dimensional computer analyzed images for sports entertainment, business, and industrial markets.

P.O. Box 662

Deer Park,

New York

N/A

Realeyes Company Overview

Address: Website: www.realeyesit.com

Founded: 1997


Investors:



Mikhel Jaatma Chief Executive Officer

Martin Salo

Elnar Hajiev Chief Technology Officer

Peter Haslett Director of Customer Development

Realeyes is the world’s leading platform for measuring how people feel as they view video content. Through

automated facial coding, Realeyes can measure the emotional reaction of anyone online.

79 Wardour Street

London W1D 6QB,

United Kingdom

SmartCap AS, Enreprenuers Fund, Eurpean Commission

Chief Product Officer

105

Reveal Imaging (acquired by SAIC)Company Overview

Address: Website: www.leidos.com

Founded: 2002


Investors:



Roger krone Chief Exective Officer

Mark Sopp

James Buckley Vice President of Sales

Reveal Imaging Technologies, Inc. develops security inspection systems that inspect airline passenger checked

baggage. Acquired by SAIC.

11955 Freedom Drive

Reston,

Virginia

BBH Capital Partners, Flybridge Capital Partners, General Catalyst Partners

Chief Financial Officer and Executive Vice President

RSIP VisionCompany Overview

Address: Website: www.rsipvision.com

Founded: 1987


Investors:



Ron Soferman Chief Executive Officer

RSIP Vision provides customized vision systems for medical, industrial, and other applications.

P.O. Box 662

Deer Park,

New York

N/A

106

Seegrid Company Overview

Address: Website: www.seegrid.com

Founded: 2003


Investors:



James H. Rock Chief Executive Officer

Hans Moravec

Ed Henry Chief Financial Officer

Mitchell Weiss Chief Technology Officer

Seegrid Corporation designs, manufactures, and sells vision guided vehicles (VGVs) for the materials handling

industry.

216 Park West Drive

Pittsburgh,

Pennsylvania

Innovation Works

Co-Founder and Chief Scientist

Sension (acquired by GAIA System Solutions) Company Overview

Address: Website: www.sension.co

Founded: 2013


Investors:



Sension, Inc. develops education engagement technology solutions.

2627 Hanover Street

Palo Alto,

California

N/A

107

SICK Company Overview

Address: Website: www.sick.com

Founded: 1946


Investors:



Robert Bauer Chairman of the Executive Board

Reinhard Bösl

Mats Gökstorp Member of Executive Board

Martin Krämer Member of Executive Board

SICK develops, produces, and markets sensors, sensor solutions, and services for automation technology worldwide.

Erwin-Sick-Strasse 1

Waldkirch, Baden-

Württemberg,

Germany

N/A

Member of Executive Board

Sightcorp Company Overview

Address: Website: www.sightcorp.com

Founded: 2013


Investors:

Selected Senior Management


Jan Pruis Chief Executive Officer

Roberto Valenti

Theo Gevers Chief Scientific Officer

Sightcorp develops cross-platform Face Analysis Technologies to understand people’s interests, profiles and deep

subconscious responses to stimuli in real-time.

Science Park 400

1098 XH Amsterdam,

Netherlands

N/A


108

Sightech Company Overview

Address: Website: www.sightech.com

Founded: 2009


Investors:



Ronen Heldman Chief Executive Officer

Ram Shallom Head of Business Development

Avner Taieb

Sightech is a manufacturer of industrial vision systems for quality inspection and factory automation.

34 HaHagana Tel

Aviv,

Israel

N/A

Vice President of Research and Development

Sighthound Company Overview

Address: Website: www.sighthound.com

Founded: 2012


Investors:



Stephen Neish Chief Executive Officer and President

Markus Hahn

Ryan Case Vice President of Engineering

Zain Masood Director of Research

Sighthound develops video surveillance software to distinguish between people and objects in the video stream

from security cameras for homes and businesses.

189 South Orange Ave

Suite 2010

Orlando,

Florida

Six Squared Capital

Chief Architect

109

SightLogix Company Overview

Address: Website: www.sightlogix.com

Founded: 2004


Investors:



James Hahn Founder and Chairman

John Romanowich

Danny Chin Founder and Vice President of Engineering

Deepam Mishra Founder and Director of Sales - India

SightLogix manufactures and sells video surveillance systems for energy, transportation, utility, chemical,

datacenter, public safety, and defense industries worldwide.

745 Alexander Road

Princeton,

New Jersey

N/A

Founder, Chief Executive Officer, President and Director

Smart EyeCompany Overview

Address: Website: smarteye.se/

Founded: 1999


Investors:



Martin Krantz Chief Executive Officer

Smart Eye provides multi-camera head and eye tracking solutions for the Automotive, Aviation and Aerospace

research and manufacturing industries. Applications include detection of drowsiness or inattention in drivers.

Första Långgatan 28B

SE-413 27 GÖTEBORG,

Sweden

Foureirtransform

110

SMICompany Overview

Address: Website: www.smivision.com

Founded: 1991


Investors:



Winfried Teiwes Founder

Eberhard Schmidt Founder

SMI develops and markets eye & gaze tracking systems, OEM and medical solutions for a wide range of applications.

Warthestraße 21

D-14513 Teltow,

Germany

N/A

SoftKinetic (acquired by Sony)Company Overview

Address: Website: www.softkinetic.com

Founded: 2007


Investors:



Michel Tombroff Chief Executive Officer and Director

André Miodezky

Eric Krzeslo Co-Founder and Chief Marketing Officer

Daniël Van Nieuwenhove Co-Founder, Chief Technology Officer and Vice President of Technology & Products

SoftKinetic International provides gesture-based platforms for consumer electronics and professional markets in

Belgium, the United States, and Asia.

Blvd de la Plaine 15

Brussels,

Belgium

N/A

President and Director

111

Soliton Company Overview

Address: Website: www.solitontech.com

Founded: 2004


Investors:



Ganesh Devaraj Chief Execuive Officer

Soliton is a leader in machine vision automation and virtual instrumentation.

683, 15th Cross Road

J.P. Nagar 2nd Phase,

Bangalore

N/A

Spikenet Technology Company Overview

Address: Website: www.spikenet-technology.com

Founded: 1999


Investors:



Jean-Jacques Rigoni Chief Executive Officer

Spikenet Technology designs and develops image recognition applications using networks of asynchronous spiking

neurones technology.

Forum d'entreprises

Ave de Castelnaudary

Revel, Midi-Pyrénées

France

IRDI Midi-Pyrenees and MP Croissance SA

112

Sportvision Company Overview

Address: Website: www.sportvision.com

Founded: 1998


Investors:



Hank Adams Chief Executive Officer

Mike Jakob

Stanley K. Honey Co-Founder and Board Member

Marv White Chief Technology Officer

Sportvision develops sports and entertainment products for fans, media companies, and marketers.

4619 N Ravenswood

Suite 304

Chicago,

Illinois

President and Chief Operating Officer

Hercules Technology Growth Capital, Dolphin Equity Partners, Lake Street Capital

Stemmer Imaging Company Overview

Address: Website: www.stemmer-imaging.de

Founded: 1987


Investors:



Wilhelm Stemmer Founder and Managing Director

Martin Kersting

David Hearn Managing Director of United Kingdom Operations

Claudio Sager Managing Director of Switzerland Operations

Stemmer Imaging provides imaging and machine vision technology in a diversity of applications including cameras,

optics, illumination, software, systems, cables and solutions.

Gutenbergstraße 9-13

Puchheim

Bavaria,

Germany

N/A

Technical Director

113

Tend Company Overview

Address: Website: www.tendinsights.com

Founded: 2008


Investors:



Herman Yau Co-founder and Chief Executive Officer

Song Yao

Fred Cheng Chief Operating Officer

Bin Li Director of Software Systems and Operations

Tend is the Vision-as-a-Service (VaaS) platform for the connected home ecosystem.

46567 Fremont Blvd,

Fremont,

CA

N/A

Co-founder and Chief Technology Officer

TeraDeepCompany Overview

Address: Website: www.teradeep.com

Founded: 2014

Capital Raised: N/A

Investors:

Selected Senior Management and Board Member


Didier Lacroix Co-Founder and Chief Executive Officer

Eugenio Culurciello Co-Founder and Chief Technology Officer

TeraDeep develops machine learning / deep learning capabilities for IoT, mobile and embedded devices. TeraDeep

crafts and trains neural networks to run efficiently in products and provide real-time complex-data vision analytics.

2040 Martin Avenue,

Santa Clara, CA

N/A

114

Thalmic Labs Company Overview

Address: Website: www.thalmic.com

Founded: 2012


Investors:



Stephen Lake Co-Founder and Chief Executive Officer

Matthew Bailey

Aaron Grant Founder

Michael Galbraith Chief Financial Officer

Thalmic Labs develops human-computer interaction technologies that bridge the gap between man and machine.

151 Charles Street W

Suite 100

Kitchener, Ontario,

Canada

Founder

First Round Capital, Intel Capital, Formation8 Partners, FundersClub, Spark Capital Partners, Y

Combinator, iNovia Capital

The MathWorksCompany Overview

Address: Website: in.mathworks.com

Founded: 1984


Investors:



Cleve Moler Co-Founder and Chairman

Jack Little

Jeanne O'keefe Chief Financial Officer

Richard Rovner Vice President of Marketing

The MathWorks, Inc. develops cloud based mathematical computing software for engineers, scientists,

mathematicians, and researchers.

3 Apple Hill Drive

Natick,

Massachusetts

N/A

Co-Founder and President

115

TrafficVision Company Overview

Address: Website: www.trafficvision.com

Founded: 1999


Investors:



Boyd Wilson Executive Director

Ray Keys

Amy Cannon Director of Sales and Business Development

TrafficVision provides traffic monitoring technology with video-based data collection and incident detection

solutions. It's the subsidiary of Omnibond.

81 Technology Drive

Anderson,

South Carolina

N/A

Director of Marketing

Tyzx (acquired by Intel)Company Overview

Address: Website: www.tyzx.com

Founded: 2002


Investors:



Ron Buck Chief Executive Officer and President

John Iselin Woodfill

Gaile Gordon Vice President of Advanced Development

Dave Jurasek Vice President of Hardware Engineering

Tyzx, a 3D vision company, provides a platform of hardware, software, and services for building products that see and

interact in three dimensions.

3715 Haven Avenue

Suite 110

Menlo Park,

California

Takata Corporation


116

VanGogh Imaging Company Overview

Address: Website: www.vangoghimaging.com

Founded: 2009


Investors:



Kenneth Lee Founder and Chief Executive Officer

Greg Werth

VanGogh Imaging develops three dimensional (3D) computer vision technology solutions for portable and mobile

applications.

1616 Anderson Road

McLean,

Virginia

Goldin Ventures , CIT GAP Funds, Goldin Ventures

Vice President of Marketing

VideoIQ (acquired by Avigilon)Company Overview

Address: Website: www.avigilon.com

Founded: 2004


Investors:



Daryn Drulias Director of Sales for Southwest

David Jackson

Bondalapati Vamsi Krishna General Manager of VideoIQ India

Sergio Parise Vice President of Engineering

VideoIQ manufactures cameras and video analytics appliances for detecting and classifying people, vehicles, or

suspicious objects.

900 Middlesex

Turnpike Building 5

Billerica,

Massachusetts

N/A

Director of Product Management

117

VideoMining Company Overview

Address: Website: www.videomining.com

Founded: 2000


Investors:



Rajeev Sharma Founder, Chairman of the Board and Chief Executive Officer

Donald H Noble

Priya Baboo President of Client Solutions

Mark Delaney Senior Vice President of Retail

VideoMining provides in-store intelligence solutions for consumer product manufacturers and retailers.

403 South Allen Street

Suite 101

State College,

Pennsylvania

Ben Franklin Technology Partners of Central and Northern PA


Virtek Vision (acquired by Gerber Technology)Company Overview

Address: Website: www.gerbertechnology.com

Founded: 1968


Investors:



Thomas Beynon Corporate Secretary

Virtek Vision International Inc. manufactures laser templating, quality inspection, and spatial positioning systems for

aerospace carbon fiber composite part assembly, sheet metal part fabrication, and construction markets.

785 Bridge Street

Waterloo

Ontario,

Canada

Spandex Limited

118

VISIONxCompany Overview

Address: Website: www.visionxinc.com

Founded: 1996


Investors:



VISIONx manufactures software and systems for machine vision, visual inspection, image analysis, general defect

detection, and metrology.

210 Brunswick

Pointe-Claire, Quebec,

Canada

N/A

ViSSeeCompany Overview

Address: Website: www.vissee.ch

Founded: 2009


Investors:



Nicola Rohrseitz Founder and Chief Executive Officer

ViSSee Developes a low-cost real-time sensor for measuring speed using an approach modeled on vision in the fruit

fly.

Barrerstrasse 10

Zug, 6304

Switzerland

N/A

119

VitronicCompany Overview

Address: Website: www.vitronic.com

Founded: 1984


Investors:



Bob Riebe VP of Business Development USA and Canada

Norbert Stein President and Managind Director

Vitronic provides vision systems for inspection, manufacturing, logistics, traffic management, and other applications.

Hasengartenstraße 14

65189 Wiesbaden,

Germany

N/A

Vizrt (acquired by Nordic Capital)Company Overview

Address: Website: www.vizrt.com

Founded: 1994


Investors:



Martin Burkhalter Chief Executive Officer

Tomer Wald

Petter Ole Jakobsen Chief Technical Officer

Ingrid Agasoster Executive Vice President of Products and Marketing

Vizrt provides real-time 3D graphics, studio automation, sports analysis, and media asset management tools for

broadcast industry worldwide.

Nordre Nøstekai 1

Bergen, Hordaland,

Norway

Nordic Capital


120

VXI Global Solutions Company Overview

Address: Website: www.vxiausa.com

Founded: 1997


Investors:



Eva Wang Chief Executive Officer

David Zhou

Stephen Choi Chief Financial Officer

Nick Covelli Senor Vice President of Sales and Marketing

VXI Global Solutions, LLC provides business process and information technology outsourcing services.

220 West 1st Street

3rd Floor,

Los Angeles,

California

Bain Capital

Presiden and Chief Operating Officer

Wikitude Company Overview

Address: Website: www.wikitude.com

Founded: 2008


Investors:



Martin Herdina Chief Executive Officer

Philipp Breuss-Schneeweiss

Martin Lechner Chief Technology Officer

Andy Gstoll Chief Marketing Officer

Wikitude provides mobile augmented reality (AR) solutions for smartphones, tablets, and wearable display

technologies.

Schrannengasse 6

Salzburg,

Austria

Founder

Konica Minolta, GCP Gamma Capital Partners Beratungs- & Beteiligungs, tecnet equity NÖ

Technologiebeteiligungs-Invest

121

Wintriss Engineering Company Overview

Address: Website: www.weco.com

Founded: 1989


Investors:



Andrew Ash President

Ravi Malkani

David Demiter Engineering Manager, Inspection Systems

Wintriss Engineering develops and manufactures optical surface inspection systems using smart cameras.

9010 Kenamar Dr #101

San Diego,

California

N/A

Chief Technical Officer

Xiris Automation Company Overview

Address: Website: www.xiris.com

Founded: 1989


Investors:



Cameron Serles President

Cornelius Sawatzky

Xiris Automation designs and manufactures inspection systems.

1016 Sutton Drive

Unit C5

Burlington, Ontario,

Canada

N/A

Sales Manager

122

Z-Laser Company Overview

Address: Website: www.z-laser.com

Founded: 1985


Investors:



K.-M Zimmermann Founder

Z-Laser SA design, develops, and markets laser marking systems.

Merzhauser Str. 134

Freiburg Im Breisgau,

Germany

N/A

123

Disclaimer:

The Information and opinions in this report have been prepared by Woodside Capital Securities, LLC and

Tractica LLC. This report is published solely for information purposes, and is not to be construed as an offer to

sell or the solicitation of an offer to buy any security in any state where such an offer or solicitation would be

illegal. The information herein is based on sources that we believe to be reliable but is not guaranteed by us

and does not purport to be a complete statement or summary of the available data. One or more of the

companies mentioned in this research report may be clients of Woodside Capital Partners International,

Woodside Capital Securities, or Tractica.

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