SINGAPORE (Sept 28):  has invested in its very first video analytics company.

DeClout Ventures, a JV company of the group, is providing up to $500,000 in funds to Vi Dimensions to accelerate its expansion plans in the US and Europe.

Founded in 2015 by Raymond Looi and Dr Christopher Tay, homegrown Vi Dimensions has deep domain expertise in video surveillance and analytics.

Vi Dimensions’ flagship product, Abnormality Recognition Video Analytic System (ARVAS), offers advanced solutions in the areas of physical security, smart cities and Big Data analytics – areas which DeClout has identified as future engines for growth.

Vi Dimensions’ proprietary machine learning algorithms and technology include a smart detection system that uses a patent pending approach to identify abnormal events in real-time, without the requirement to first define rules for detection.

DeClout says the investment is in line with its overall business strategy to identify emerging trends, and leverage on its track record to incubate and scale businesses for harvest.

The investment also allows DeClout’s subsidiary, Beaqon, to leverage on Vi Dimensions’ unique solution in the areas of security surveillance and smart-city solutions, as the latter seeks to evolve into a leading digital network infrastructure solutions provider in Southeast Asia.

DeClout Ventures’ investment was made under the third instalment of the National Research Foundation Singapore’s Early Stage Venture Fund (ESVFIII). Under ESVFIII, DeClout was awarded a $10 million venture capital fund, on a matching basis, to invest in technology startups based in Singapore.

Raymond Looi, co-founder and CEO of Vi Dimensions, says, “We are happy to deepen this partnership with DeClout as we see synergy with their surveillance business. It is also a vote of confidence from an experienced industry player that our technology has its unique propositions which can value-add to their security solutions.”

Shares in Declout last traded at 8.8 cents on Friday.