Gaze: Bangladeshi start-up that wants to embed AI inside our everyday life

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Gaze, a Singapore and Bangladesh-based Artificial Intelligence startup, has recently raised US$830,000 in seed funding led by US-based capital raising firm Anchorless Bangladesh, with follow-on capital from an existing angel trader Mr Mohammad Maaz. As an ambitious tech startup that targets providing API solutions to the global industry, Taus Noor (Co-founder & CEO) shares his knowledge with Toggle. 

Hence, how did Gaze begin its journey?

The idea of Gaze arrived to our minds in 2017 when I was working at IBM and Motasim Rahman (Co-founder & COO) was the product chief at Vancouver-based Fireout. For the first season . 5, we attempted to ideate around many various things in the AI space, and in May of 2018 we were invited for an interview by Y Combinator-the same business that incubated the development of enterprises such as for example Dropbox, Airbnb, and Reddit. However the idea we pitched at the time didn't work out. After that we understood that if we'd to make Gaze a true success, we had a need to choose between our jobs and Gaze.

Leaving our jobs, we returned to Bangladesh and create an office where we're able to work more conveniently. We just wished to make an effort off and find out what we wanted to do. Incidentally, among our team members fulfilled Tanvir Mostafa, Director of Meghna Band of Industries, who approached us to build up a vehicle monitoring assistance for them and that is how they truly became our first consumer. This is actually our initial stepping natural stone to realizing that people wanted to continue growing visual recognition systems.

What type of program is Gaze concentrating on growing, and how does it generate revenue?

Since we'd previously developed AI-powered intelligent video recording analytics software for several different use conditions, including CCTV camera-based site visitors monitoring, we realized API offerings for visual recognition could allow developers in this discipline to build out devices that utilize laptop vision AI for infinite use cases and applications. In doing this, Gaze is seeking to undertake the global visual reputation market, with a give attention to face recognition and product reputation, which is worth around US$50+ billion in 2020 for our current work with cases, growing each year. To do so, we are forming numerous pricing schemes, incorporating a pay-as-you-go model - priced at US$0.002 per call on average - and a good freemium registration. We saw an extremely interesting promise for API organization in Bangladesh as we'd also communicated with unique tech-centered startups like ShopUp, Sheba, Pathao and Chaldal who may potentially benefit from our service.

We have also caused or served several other folks in Bangladesh including various exclusive and consumer sector entities. We happen to be also developing partnerships in India and Myanmar for identity verification applying our APIs.

Because the AI-based visual recognition services have the probable to impose a threat to the info security issue in Bangladesh, how will Gaze tackle it?

As we have caused the Dhaka Metropolitan Police previously and developed a site visitors monitoring program exclusively for them, a whole lot of people could actually are convinced that our service or product deals with public or civil surveillance, which is totally false. We just built and marketed AI-driven video analytics program for real-time visitors analytics.

Besides that, our face recognition systems were only ever before employed for attendance and security monitoring on closed premises; hardly ever for civil/people surveillance. In almost all government tasks, we deployed our bodies within an offline environment that even we couldn't gain access to remotely, so, data and network security was looked after.

Gaze doesn't store or use any customer info without prior permission and as an API, it does not connect to the end-user in all. We happen to be an API organization that enables other creators to build visual reputation software using our companies. We strictly follow the laws and regulations of both Singapore and Bangladesh since our parent company is situated in Singapore and staying someone who has performed in both US and Canada, I am very aware of the info security regulations myself. We are very careful to not offer any civil surveillance technology.

What are your strategies with the seed fund Gaze has raised? What exactly are you going to disburse it on?

Gaze's number one priority possesses, is, and always can be talent. All of the money that people raised and all the money that people earn will eventually go behind skill since, by the end of your day, we certainly are a natural tech company. Our target is for the best people on earth, have them use us and teach others on we to create better products.

What are the goals for future years?

In terms of financials, we personally assume that this (API solutions) is a more profitable business for all of us. Our vision is finally to embed AI into everyday life for all of us who use tech-based services or products. Gaze is construction an ecosystem of engineers and business owners; we think builders and businesses can automate their processes and enhance their software stack employing visual recognition services supplied through our API.

We certainly are a platform organization and we desire to end up being the most successful organization in the international visual reputation space someday.

The length of your team? Would you tell us about your way of life at Gaze?

Gaze currently includes a team of 23 people throughout Canada, Singapore, and Bangladesh. Due to our team staying dispersed globally, we have to work remotely and possibly in Bangladesh, we are moving to become office-less. The way we work doesn't really need a physical office, hence we've taken the less expensive and geographically flexible way by working remotely. Every week, we've two social meetings over the internet where most of us catch up and speak about anything but work.

Now that you have raised a hefty volume of funds, what if the founders, who want to raise investment, keep an eye on?

Well, the important thing here's that raising money isn't an indicator for achievement, understanding and responding timely to the marketplace is. Victory is your business, merchandise, and customer satisfaction. By the end of your day, it's your customer who decides the achievement of your company, certainly not anyone else.
Source: https://www.thedailystar.net

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