Business

Redpoint eventures leads $5 million investment in CyberLabs AI

The startup aims to expand efforts in research and development of AI to help the reopening of the Brazilian economy

CyberLabs AI team. Photo: CyberLabs AI website
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  • CyberLabs wants to bring digital services to 200 million Brazilians;
  • It develops AI and deploys MLaaS (Machine Learning as a Service) and computer vision software, mobile apps and tech solutions for companies and government agencies.

CyberLabs, a Brazilian artificial intelligence (AI) startup, announced it has raised a $5 million (BRL 28 million) round led by Redpoint eventures. With the investment, it aims to expand efforts in research and development of AI to help the reopening of the Brazilian economy.

CyberLabs founder and CEO, Marcelo Sales, said that the AI developed during its pilot test helped to flatten the COVID-19 contagion curve in the city of Rio de Janeiro, proactively reducing public health risks, combining advanced technologies such as computer imaging and machine learning analysis of live video streams, available on the public safety net and originally created for the Rio Olympics. “The vast data we collect and distribute, through dozens of media reports, have made a big difference, besides informing our new offers.”

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Also, CyberLabs created the KeyApp, available for iOS and Android. It is a facial recognition technology for non-physical access control and identity recognition, allowing employees, residents, travelers and couriers to enter public spaces, office buildings or condominiums, opening doors and turnstiles. The app also reads QR code to perform check-ins and check-outs in private spaces, making it possible to monitor their cleaning after each use, according to the startup.

In the coming months, CyberLabs will present a more sophisticated way for companies to provide safe and secure access to office buildings and public spaces, combining tablets equipped with thermal cameras to measure temperature, in addition to the KeyApp to validate users’ identity, providing contactless access through its facial recognition technology. “Unique in the world capable of adapting to the wide racial diversity present in Brazil”, said CyberLabs.

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Anderson Thees, Co-Founder & Managing Partner at Redpoint eventures stated that “the opportunities for applying artificial intelligence in the Brazilian market are enormous”. He already invested in previous projects by the founders of CyberLabs. “The CyberLabs team is of a unique quality in Brazil and competes on an equal footing with the best in the world, proven even by results in global competitions. The company is led by one of the most successful entrepreneurs in Brazil, and is focused on expanding access to advanced AI technologies”, he said.

COVID-19 is proving to be one of the biggest crises in generations and a great challenge for Brazil. CyberLabs was incredibly agile in leveraging the technology developed in recent years to solve these challenges both during the crisis and in preparation for a safe recovery.

Anderson Thees, Co-Founder & Managing Partner at Redpoint eventures

Similar to data privacy laws in California and Europe, Brazil’s comprehensive data protection legislation, the LGPD, comes into effect in May 2021. According to the startup, in anticipation of the broad CyberLabs tech was developed to be compliant with the law. “This includes enables consumers to choose whether or not to share their information, as well as mechanisms that transform all data collected and used by AI into anonymous data, with state-of-the-art encryption”, says the startup.

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The startup’s long-term vision is to help digitize 200 million Brazilians, so that they have something equivalent to a digital identity document on their smartphones.