BeMyEye, Europe’s leading provider of retail execution management solutions for CPGs like J&J, Peroni, Microsoft and GSK, has announced the acquisition of Metaliquid, a Computer Vision company specialising in audio and video analysis based on deep-learning technology.
With the integration of Metaliquid’s cutting edge Computer Vision technology, BeMyEye’s clients will now obtain, in real-time, corrective actions from complex retail scenes at scale. Metaliquid’s AI technology dramatically improves the performance and ROI of field teams at a time when CPGs are under significant pressure to improve efficiency across the board.
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Metaliquid has developed an innovative deep-learning solution specifically designed for extracting descriptive, time-coded metadata from audio, image, and video contents in real-time. Leveraging proprietary deep-learning frameworks and neural network architectures, Metaliquid’s solution is proven to deliver production-grade AI applications with exceptional accuracy levels to a broad range of industries including media and broadcasting, retail and security.
Luca Pagano, CEO of BeMyEye, said: “Most of our clients already experience up to 20% improvements in key store execution metrics like Assortment Compliance and Share of Shelf, which result in double-digit revenue growth. Leveraging Metaliquid’s real-time Computer Vision capabilities will take our clients’ in-store execution to the next level, significantly boosting their market share.”
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“We’ve worked with Metaliquid for over 18 months and have been impressed with the way their tech and capabilities have improved success in-store,” added Pagano.
Mauro pretolani, Lead Investor at BeMyEye and Senior partner at Fii Tech Growth, said: “This acquisition brings great new IP and a strong competitive advantage to BeMyEye, but also exciting opportunities for market expansion.”
Simone Bronzin, formerly CEO of Metaliquid and now CTO of BeMyEye, said: “We are very excited to join a company with such a great product and portfolio of clients like BeMyEye. Moreover, BeMyEye’s crowd can be a game changer in the world of Computer Vision as it enables the labelling and annotation of datasets on a very large scale, thus reducing time and cost of deployment on any AI-based solution.”
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