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NtechLab serves more than 100 customers in over 20 countries
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NtechLab products are in demand in public and corporate security, retail, financial, entertainment and hospitality industries
NtechLab, one of the world leaders in intelligent video analytics and biometric technologies has announced the opening of local offices in Abu Dhabi and Dubai.
The presence in the two cities is expected to help NtechLab take up a significant share of the computer vision market in the UAE.
NtechLab is one of the few Russian technology companies developing their business internationally. Dozens of large cities in Russia, the CIS countries, Latin America and Southeast Asia are already using NtechLab’s computer vision algorithms in their municipal video surveillance systems.
NtechLab serves more than 100 customers in over 20 countries worldwide. The office in Latin America operates since 2020.
NtechLab products are in demand in public and corporate security, retail, financial, entertainment and hospitality industries.
“In the UAE, the company will be focusing on the public sector, projects for the needs of the Ministry of Internal Affairs, banking sector and services for shopping malls and retail chains,” a company press release said.
In 2020 NtechLab attracted investments of about $15 million from an international consortium of sovereign wealth funds including those from the Middle East.
NtechLab algorithms won first position in the Face Recognition Vendor Test (FRVT) competition of the National Institute of Standards and Technology of the US Department of Commerce (NIST).
The NtechLab algorithm was recognized by the American institute as the world’s best based on the results of 7 independent tests. NtechLab is listed in top three in terms of the effectiveness of face recognition in medical masks.
“NtechLab is investing in its international expansion and planning to multiply its revenue growth rate,” said Andrey Telenkov, NtechLab CEO. “We expect that our collaboration with new customers in the UAE will contribute to the achievement of this goal”.