Success Stories

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Take a deeper look at some of the companies with successful exits.

Winning technology in video analytics

Eutecus was developing computer vision technology. The company developed an FPGA chip solution for fast digital processing of high-resolution video feeds without data transmission to central computers. Traffic control, car driving systems and smart lighting solutions are the most interesting applications.
COUNTRY
Hungary
INVESTED
€ 3 million
FIRST INVESTED
2011
EXITED
2016

Investment rationale

Euroventures recognized not only the quality of the technology and its market potential but the founder’s combination of top scientific background and strong business skills.

The unmatched combination of detection speed and low-power technology allowed for a broad spectrum of applications. Through chip manufacturers, the company had direct access to actual customer needs in the most attractive sectors.
Employment growth
FTE

Growth

The initial investment financed opening of the head office in Berkeley, CA, led by the co-founder and two C-level executives. This enabled the CEE-based R&D team to access top-tier development projects using state-of-the-art FPGA platforms available only to development partners of chip manufacturers.


Financing provided by Euroventures helped to commercialize Eutecus’s technology on the highly competitive American market and grow the company’s CEE operations.

Exit

As a first step, Eutecus merged with Sensity to protect the key technological advantage of Sensity’s product offering. Within a year, the merged company was acquired by US telecom giant Verizon at a considerable premium to the price of the Sensity transaction.

Eutecus’s management has remained with Verizon to date, taking a lead role in the development of Verizon’s smart city solutions globally. In addition, the CEE R&D team has more than doubled in size and continues to apply core elements of these solutions globally.
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