promiseQ, an AI-powered video surveillance platform, receives investment from ExtraVallis and APY Ventures

promiseQ, an intelligent video intelligence company, provides an AI solution to manage video surveillance networks and reduce false alarms.

promiseQ, which offers fast and dynamic solutions in the security field, has received investment from its existing angel investors Valentin Schmitt and Uli Schmitt, as well as ExtraVallis and APY Ventures. Financial details of the investment were not disclosed.

The company, which previously completed a pre-seed investment round through APX and security industry experts, enables security companies using its B2B SaaS platform to reduce costs and increase operational efficiency.

Founded in 2021, Berlin-based startup promiseQ aims to revolutionize video surveillance management and eliminate 95% of false alarms by leveraging artificial intelligence (AI), edge software, and human review analysis. The company’s Video Intelligence Center allows security companies and other businesses to centralize their video surveillance management and monitor cameras from anywhere. The company currently partners with firms such as HIKVISION, Sitasys AG, INSOCAM, AJAX Systems, LISA Dr. Pfau, and Security Robotics.

Tolga Ermiş, Co-founder and CEO of promiseQ, stated:

“promiseQ has evolved into a rapidly dynamic and reliable player in the security field. Our Video Intelligence Center and Threat Filter AI capabilities have empowered our customers to significantly improve video surveillance accuracy, reduce operational costs, and achieve productivity improvements.”

Tolga Ermiş added:

“With this new investment, we are preparing to launch a new and exciting edge software technology called promiseQube. Without going into too much detail, it will offer our customers new levels of security, monitoring accuracy, and a range of future-oriented advantages.”

Elias Kardel, Co-founder and CTO of promiseQ, expressed his excitement about announcing a significant milestone in their growth journey:

“I am incredibly proud of this journey toward contributing to the future of security technology. Our vision has always been to provide our customers with the most advanced solutions, and today we see this vision becoming a reality. Together with our dedicated team and strategic partners, we are excited to contribute to innovation in the security industry.”

Mustafa Keçeli, Fund Manager at APY Ventures, stated:

“As APY Ventures, we are very pleased to participate in this investment round of promiseQ through the Bilişim Vadisi VC Fund we manage. We trust the team’s expertise in artificial intelligence, machine learning, and video analytics, as well as their vision and market potential. We are confident that they will transform the video surveillance industry and make it more efficient and effective for security companies.”