AI-Based Neural Labs Raises Revenue, Migrates to SaaS with Thales Sentinel

AI-Based Neural Labs Raises Revenue, Migrates to SaaS with Thales Sentinel

Neural Labs, founded in 2003 in Barcelona, Spain, initially developed specialized software for license plate scanning and video analysis. Today, their technology extends way beyond license plates to AI-based Intelligent Transportation Systems, or ITS, for smart cities, enabling safer and more secure, efficient, and practical solutions for vehicle access control and logistical planning.

For example, Neural Labs calculates average speeds and travel times between destination points and detects traffic jams based on vehicle counts of any transport mode, such as cars, motorcycles, trucks, bicycles, and electric scooters.

AI-Based Neural Labs Raises Revenue, Migrates to SaaS with Thales Sentinel

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