RVSN

Leveraging Artificial Intelligence for Vision Applications and Technologies Market Expected to Reach $45 Billion By 2028

Retrieved on: 
Friday, March 1, 2024
Car, Growth, CCO, ChatGPT, Human, Automation, Okta, Software, Algorithm, RVSN, DS, Automotive industry, Marketing, MSFT, GAAP, Nvidia Jetson, GPU, Machine learning, Agriculture, Microsoft, Communication, Total, TPU, Customer engagement, OKTA, Safety, Public sector, Artificial intelligence, Public, PALM, Reuters, USD, AI, Internet of things, Customer, SoundHound, Deep learning, Medical device

A report from MarketsAndMarkets projected that the global AI in Computer Vision Market Size which was valued at USD 17.2 Billion in 2023 is projected to reach USD 45.7 Billion by 2028; it is expected to grow at a CAGR of 21.5% through 2028.

Key Points: 
  • A report from MarketsAndMarkets projected that the global AI in Computer Vision Market Size which was valued at USD 17.2 Billion in 2023 is projected to reach USD 45.7 Billion by 2028; it is expected to grow at a CAGR of 21.5% through 2028.
  • The report said: “Increasing demand for automation and efficiency is one of the key drivers for the AI in the computer vision market growth.
  • MarketsAndMarkets continued: “AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period.
  • AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period.

Rail Vision Joins NVIDIA Metropolis to Boost Railway Safety Systems

Retrieved on: 
Thursday, February 29, 2024
Safety, Nvidia Jetson, RVSN

Ra’anana, Israel, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announces that it is joining NVIDIA Metropolis, a partner program, application framework, and set of developer tools focused on bringing to market a new generation of vision AI applications. This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.

Key Points: 
  • This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.
  • NVIDIA Metropolis makes it easier and more cost-effective for enterprises, governments, and integration partners to use world-class, AI-enabled technologies to improve critical operational efficiency and solve safety problems.
  • Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts.
  • Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms, which provide accelerated computing in compact and energy-efficient modules, and also uses the NVIDIA TensorRT software development kit for high-performance deep learning inference.

Rail Vision Sets New Safety Standards for Europe: Achieves Regulatory Approval and Certificate for Railway Operation in the EU

Retrieved on: 
Monday, February 26, 2024
RVSN, Growth, Risk, European, Safety, Accident, Rail transport

This achievement, which was recently announced, sets a new standard in railway safety and opens the door for unprecedented growth and adoption of Rail Vision's cutting-edge technology in the expansive EU market.

Key Points: 
  • This achievement, which was recently announced, sets a new standard in railway safety and opens the door for unprecedented growth and adoption of Rail Vision's cutting-edge technology in the expansive EU market.
  • The Main Line system, Rail Vision's flagship innovation, has been officially approved and is now poised to redefine railway safety and operational efficiency throughout Europe.
  • With this approval, Rail Vision is set to accelerate the adoption of its Main Line system, showcasing the potential to dramatically improve railway safety standards across the EU.
  • This milestone is a testament to Rail Vision's technological prowess and also aligns with the EU's commitment to enhancing transport safety and efficiency.

Rail Vision to Showcase its Safety AI-Driven Systems to US Railroad Leaders

Retrieved on: 
Thursday, February 22, 2024
Switchyard, RVSN, Intelligence, Rail transport by country, Booth, Conference, Exhibition, Rail transport

Ra’anana, Israel, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market for the railway industry, today announces its participation in the American Short Line and Regional Railroad Association's (ASLRRA) 2024 Annual Conference & Exhibition, which will take place at the Kansas City Convention Center from March 24 to 26, 2024 in Kansas City, Missouri.

Key Points: 
  • During the conference, attendees can visit Rail Vision at Booth 739 and learn about its innovative solutions and products, including the MainLine and SwitchYard systems, which utilize advanced sensors and artificial intelligence to detect and assess potential safety hazards on the track in real-time.
  • The Company's innovative technology enables operators to proactively identify and mitigate risks before they escalate.
  • "As part of our relationship with the North American railway industry, we are excited to showcase our latest advancements in rail safety technology at ASLRRA's Annual Conference and Exhibition," said Shahar Hania, CEO at Rail Vision.
  • "This event presents an ideal platform for us to connect with industry leaders, forge partnerships, and demonstrate how Rail Vision's solutions can empower railroads to operate more safely and efficiently, preserving their business continuity."

Rail Vision Announces First-Ever Commercial Installation of its AI-Driven Systems in a National Railways Line

Retrieved on: 
Tuesday, February 20, 2024
Safety, Algorithm, RVSN, Rail transport

Ra’anana, Israel, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market for the railway industry, today announces the first ever commercial installation of its AI-driven Main Line Systems in a national railways line, marking a significant milestone in the Company's journey towards revolutionizing railway safety and efficiency.

Key Points: 
  • A successful evaluation process resulted the purchase of ten Rail Vision Main Line Systems for $1.4 million by Israel Railways.
  • Leveraging advanced artificial intelligence (AI) algorithms and cognitive vision sensors, Rail Vision's Main Line Systems offer unparalleled capabilities in real-time threat detection, predictive maintenance and operational optimization.
  • "We are thrilled to announce the commercial deployment of our AI-driven Main Line Systems, marking a groundbreaking achievement for Rail Vision and the railway industry as a whole," said Rail Vision CEO Shahar Hania.
  • The installation of Rail Vision's Main Line Systems in a national railway line marks a significant validation of the technology's capabilities and the Company's commitment to innovation.

Rail Vision Increases Railway Safety with its Next Generation AI Computer

Retrieved on: 
Monday, February 12, 2024
Artificial intelligence, Safety, AI, Algorithm, Accident, RVSN, Intelligence, Rail transport

Ra’anana, Israel, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, has introduced its next generation AI-based computer designed enhance railway safety and prevent accidents. This advanced technology marks a significant step forward in the realm of railway safety, leveraging artificial intelligence to detect potential hazards and mitigate risks effectively.

Key Points: 
  • Ra’anana, Israel, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, has introduced its next generation AI-based computer designed enhance railway safety and prevent accidents.
  • The new AI-based computer from Rail Vision, previously announced, incorporates advanced artificial intelligence algorithms, enabling it to analyze vast amounts of data in real-time.
  • "Rail Vision's next-generation AI-based computer system, is a significant milestone in railway safety technology.
  • Rail Vision's next-generation AI-based computer is poised to revolutionize railway safety practices, offering an intelligent solution to mitigate risks and prevent accidents.

Rail Vision Receives Patent Approval from the Indian Patent Office

Retrieved on: 
Monday, February 5, 2024
Patent, India Brand Equity Foundation, RVSN, Ministry, Weather, Electro, Commerce, Radiation, Engineering

Ra’anana, Israel, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced it was granted a patent approval from the Indian Patent Office.

Key Points: 
  • Ra’anana, Israel, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced it was granted a patent approval from the Indian Patent Office.
  • The patent covers the method for detection and identification of objects and obstacles near, between or on railway.
  • The method refers to several forward-looking imagers adapted to cover all vision ranges and is also sensitive to each different wavelength of radiation.
  • Rail Vision's Main Line system utilizes advanced vision sensor technology, incorporating engineering, big data, and AI that is installed directly on trains.

Foresight: Rail Vision Reveals its Next Generation AI Computer for Railway Safety and Accident Prevention

Retrieved on: 
Wednesday, January 31, 2024
Safety, RVSN, Artificial intelligence, Accident, Data analysis, Weather, Software, Foresight

Ness Ziona, Israel, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision”) revealed its next generation artificial intelligence (AI) based computer to be incorporated into its Main Line and Switch Yard systems. Foresight owns 10.2% of Rail Vision’s outstanding share capital.

Key Points: 
  • This advanced system represents a major evolution from Rail Vision’s existing AI-based solutions, featuring advanced real-time deep learning capabilities and compliance with stringent railway standards.
  • Rail Vision’s system ensures exceptional performance in obstacle detection and identification, even under challenging weather and visibility conditions.
  • Its real-time operational capacity in both software and firmware contributes to a new era of responsiveness and efficiency in railway safety management.
  • "Rail Vision's next-generation AI computer system is a significant milestone in railway safety technology.

Rail Vision Reveals its Next Generation AI Computer for Railway Safety and Accident Prevention

Retrieved on: 
Tuesday, January 30, 2024
Accident, Safety, Software, Weather, Data analysis, RVSN

Ra’anana, Israel, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announces its next generation AI- based computer to be incorporated in its Main Line and Switch Yard systems.

Key Points: 
  • This advanced system represents a major evolution from the Company's existing AI-based solutions, featuring advanced real-time deep learning capabilities and compliance with stringent railway standards.
  • Rail Vision’s system ensures exceptional performance in obstacle detection and identification, even under challenging weather and visibility conditions.
  • Its real-time operational capacity in both software and firmware contributes to a new era of responsiveness and efficiency in railway safety management.
  • "Rail Vision's next-generation AI computer system, is a significant milestone in railway safety technology.

Foresight: Rail Vision's Main Line System Secures EU Railway Standards Approval and Certifications

Retrieved on: 
Thursday, January 25, 2024
Research, Quality, Safety, RVSN, Foresight, RAMS, Rail transport

Ness Ziona, Israel, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision”) has received formal certifications for critical European Union (EU) railway standards for its Main Line system. This is an important achievement that underscores Rail Vision’s dedication to quality, safety, and innovation in the railway technology market. Foresight owns 10.2% of Rail Vision’s outstanding share capital.

Key Points: 
  • This is an important achievement that underscores Rail Vision’s dedication to quality, safety, and innovation in the railway technology market.
  • According to the Association of the European Rail Supply Industry’s (UNIFE) World Rail Market study, the EU offers vast opportunities for railway technologies and represents one of the largest markets for rail products and services globally.
  • "Achieving compliance with these EU standards marks a major milestone for Rail Vision and positions us ahead of the competition in the railway technology market.
  • The Main Line system also adheres to European standard EN 45545 related to fire protection on railway vehicles.