Promiseq announces financing round

The security start-up offers an AI system for eliminating false alarms. APX, among others, is now joining the seed round.

The security technology start-up Promiseq has announced a pre-seed financing round. The company had already raised the capital at the beginning of the year, but only announced the deal now. The money comes from the Axel Springer-Porsche vehicle APX and various business angels, including former Securitas CTO René Helbig.

Promiseq has developed Threat Detect, a hybrid AI system that filters out false alarms in security networks. According to the company, the system can eliminate 95 percent of all false alarms in video surveillance. This enables a massive reduction in costs.

"We offer an innovative answer to this problem and can therefore reduce our customers' costs for security solutions by up to 80 percent," explains Promiseq CEO Tolga Ermis. He founded the start-up together with the current CTO Elias Kardel. Ermis and Kardel got to know each other through their joint work for the Volkswagen subsidiary Hella Aglaia. They presented their idea at this year's South by Southwest Festival in Austin, Texas.