Welcome!

News Feed Item

Emotient™ Announces Series B Financing of $6M

Financing Led by Prominent Silicon Valley VC Seth Neiman's Private Investment Consortium; Intel Capital Provides Institutional Investment

SAN DIEGO, March 6, 2014 /PRNewswire/ -- Emotient, the leading authority in facial expression recognition, today announced that it has closed a $6 million Series B round of financing. The funding was led by Handbag, LLC, a new wave venture capital firm, created by noted Silicon Valley investor and former Crosspoint general partner Seth Neiman. Intel Capital, Emotient's first institutional investor, also participated in the financing round, which closed in December 2013. To date, Emotient has raised $8 million, including its current financing and an initial incubation financing in 2012. 

The funds will be used to broadly commercialize the company's core emotion recognition system via the Emotient API and to further develop products for specific markets, including retail and healthcare.

CLICK TO TWEET: @EmotientInc closes $6M #venturecapital round for #emotionawaresoftware http://emotient.com/blog

Commentary:

  • "Emotient is leading a new era of emotion awareness - capable of supporting applications and services that understand and respond to your emotions, track and report level of sentiment, interest and engagement in real-time," said Ken Denman, CEO, Emotient.  "We are focusing initially on the retail market to deliver a real-time, aggregate view of customer sentiment – a powerful measure designed to help retailers and brands increase sales.  All good business leaders know "you get what you measure," and being able to objectively and accurately monitor customer sentiment allows retail teams to build plans and tactics to win.  Further, the ability to measure real-time customer sentiment, as it relates to customer service, products and merchandising is a huge opportunity for businesses to drive focus and therefore sales."
  • "Emotient's co-founders are the pioneers of automated facial expression analysis with an unrivaled technical approach to delivering real-time emotion recognition for real world applications," said Seth Neiman, lead investor and board member, Emotient. " As natural user interfaces evolve, we believe the next phase will extend from physiology to psychology."

Neiman's investing group, which provides institutional investments without the institution, is composed of VCs and CEOs who helped create much of the technology used to build Internet and data center infrastructures.

Industry Leading Software
Emotient's technology is commercially proven and mature in the automation of facial expression recognition. The technology sets the industry standard for real-time, high accuracy emotion detection, with the ability to detect single-frame microexpressions of emotions.

Key Advantages of Emotient

  • Emotient detects and tracks seven expressions of primary emotion (joy, surprise, sadness, anger, fear  disgust and contempt); overall sentiments (positive, negative, and neutral); advanced emotions (frustration and confusion); and 19 Facial Action Units (elementary facial muscle movements).
  • Emotient's technology was developed using machine-learning methods to high-volume datasets that are carefully constructed by a renowned team of Facial Action Coding System (FACS) certified behavioral scientists.

Founding Team
CEO Ken Denman leads the Emotient team with over 25 years of executive and entrepreneurial experience as CEO of several startups and public companies. The Emotient technical team brings 20+ years of experience pioneering machine learning and computer vision technology for facial behavior analysis. The team includes six PhDs, led by Marian Bartlett, PhD., Javier Movellan PhD., Ian Fasel, PhD., Gwen Littlewort, PhD., Joshua Susskind, PhD. and Jacob Whitehill, PhD. The team has published hundreds of peer reviewed scientific publications, first published in 1995, which have been cited by thousands of other researchers in the field.  The Advisory Board includes Terry Sejnowski, Ph.D. and Paul Ekman, Ph.D., two of the most prominent leaders in machine learning and behavioral science, respectively.

About Emotient – Facial Expression Recognition System (www.emotient.com)
Emotient is the leading authority in facial expression analysis. Emotient's software translates facial expressions into actionable information, thereby enabling companies to develop emotion aware technologies and to create new levels of customer engagement, research, and analysis. For more information on Emotient, please visit www.emotient.com.

SOURCE Emotient

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained Michael Fuhrman, Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.