The Hague, The Netherlands - The funds will help drive localised marketing efforts and commercial partnerships in order to get Envision into the hands of more visually impaired people around the world. The funding will also drive key hires and product development which will not just see new features and functions added to Envision’s software platform, but also enable them to expand to wearable cameras and smart glasses.
Founded in 2017 by Karthik Mahadevan and Karthik Kannan, Envision is a smartphone app that speaks out the visual world for blind and low-vision users. It combines the best of assistive technology and artificial intelligence to bring the experience of independence to the visually impaired. With Envision, the visually impaired are using public transport, reading menu cards in restaurants, recognising their friends and so much more, all on their own. “This fundraising will allow us to further support people with visual impairment, for whom independence is simply access to information. We look forward to working with 4impact who are aligned in our strategy and are committed to helping us achieve global impact”, says Karthik Mahadevan, the co-founder of Envision.
4impact is a tech and impact investment fund based out of The Hague founded by former Goldman Sachs colleagues Ali Najafbagy and Pauline Wink. It focuses on technology-driven companies in three impact investment areas: inclusion, health & well-being, environment. 4impact chose to support Envision given the perfect combination of societal impact built on a sustainable and scalable business model.
“We see strong potential in the Envision technology and the impact it can make on many lives. We are excited to be working with such a dedicated and inspiring team to help Envision scale globally”, says Ali Najafbagy, Managing Partner at 4impact.
Envision is one of the startups at YES!Delft The Hague, a brand new AI focused hub. Envision’s long term goal is to build a software platform that can provide contextual and meaningful information from images. They see a future where everyone will have cameras either on them or in their pocket. They want to create tools that make these cameras intelligent and use that power to not just enable but also enhance vision for everyone.