Everseen Company Profile

Background

Founded in 2007 and headquartered in Cork, Ireland, Everseen is a technology company specializing in Visual AI solutions aimed at optimizing and enhancing retail operations. The company's mission is to protect people, products, and profitability within the retail sector and beyond. Everseen's AI-powered applications work across the entire supply chain to reduce shrink, increase inventory accuracy, and solve complex retail problems. Their solutions are deployed throughout various retail environments, including the front of the store, back of the store, and shop floor, helping retailers break cyclical patterns, improve gross margins, correct flawed processes, and amplify awareness of key operational moments, ultimately improving financial and operational outcomes.

Key Strategic Focus

Everseen's strategic focus centers on leveraging advanced computer vision and artificial intelligence technologies to transform retail operations. Their core objectives include minimizing shrinkage, streamlining operations, and enhancing the customer experience. The company's proprietary AI platform, timi.ai, enables real-time process monitoring and optimization by influencing human behavior to achieve optimal performance. Everseen's solutions are designed to address various aspects of retail operations, from checkout lanes to aisles and receiving doors, providing retailers with actionable insights to improve their bottom line.

Financials and Funding

Everseen has demonstrated significant financial growth since its inception. In 2024, the company's estimated annual revenue reached $84.2 million, reflecting its expanding user base and increasing adoption across various industries. In May 2023, Everseen secured a €65 million (approximately $71 million) Series A follow-on funding round led by Crosspoint Capital Partners, a private equity firm focused on cybersecurity, privacy, and infrastructure software markets. This funding is intended to support the company's expansion efforts and further development of its AI-powered solutions.

Technological Platform and Innovation

Everseen's technological platform is built upon its proprietary AI platform, timi.ai, which combines advanced machine learning, computer vision, and neural networks to drive human-centric AI automation. This platform enables real-time process monitoring and optimization by influencing human behavior to achieve optimal performance. Key components of the platform include:

SMART DATA COLLECT: Consolidates structured and unstructured data from multiple sources.

CONTEXTUALIZER: Builds large-scale data, video, and sensor pipelines to identify previously unseen and unmeasurable problems.

TEXTUALIZERS: Translates video to text for AI reasoning.

VISION AGENTS: Engineers and operationalizes models for AI inference at cloud and edge, ensuring ethical and transparent use of AI technology.

EDGE SUPERSCALER: Rapidly deploys apps for real-time intelligence and action, monitors super-scaled edge fleets, and maintains AI solutions at scale.

These components work together to provide retailers with actionable insights and real-time monitoring capabilities, enabling them to optimize operations and improve financial outcomes.

Leadership Team

Everseen's leadership team comprises experienced professionals with diverse backgrounds in technology, retail, and business operations:

Alan O’Herlihy: Founder & Chief Executive Officer. Alan founded Everseen in 2007, drawing on his experience with large SAP installations and his early roots in retail. Under his leadership, Everseen has become a pioneer in Vision AI, trusted by the world’s largest retailers. Alan continues to set the company’s direction and vision, fostering a culture of innovation as Everseen expands its solutions and global footprint.

Rafael Alegre: Chief Operations Officer. Rafael has extensive experience in the retail loss protection sector, with a background in finance, business analytics, and operations. He has held senior leadership roles at leading retail loss prevention companies, including Checkpoint and STC (Source Tagging Company), driving strategic growth and operations.

Bogdan Ciubotaru: Chief Technology Officer. Bogdan brings over 15 years of experience in computer vision applications and leads an international team of AI experts, software developers, and computer vision specialists. With strong ties to academic institutions and a Ph.D. in computer vision, Bogdan synthesizes diverse insights into a unified technology strategy for Everseen.

John Lionato: Chief of Strategy & Staff. John has a proven track record of driving strategic transformation and operational excellence. He has led growth initiatives at GE, Accenture, Intuit, and Symantec, and guided smaller businesses through pre- and post-IPO transitions. John is an Operating Partner at Crosspoint Capital Partners, focusing on driving innovation across Crosspoint’s portfolio of companies.

Rob Harrold: Chief Customer Officer. Rob brings over 25 years of industry and consulting experience to Everseen, specializing in optimizing customer experiences and driving operational efficiencies. Previously, as a consulting leader at Deloitte Consulting, he worked closely with major retailers, including several Everseen customers, to reduce shrink and elevate in-store experiences.

Adrian Kelly: Senior Vice President of Finance. Adrian has extensive experience in building and leading global finance teams for growing teams in large organizations. Prior to joining Everseen, he led global finance teams in McKesson Corporation across Europe and the U.S. He also held finance positions with Deloitte in Australia, and GlaxoSmithKline in London and Ireland.

Lorraine Hamby: Head of Marketing. Lorraine brings extensive experience in marketing and communications, with prior leadership roles at Symantec, HP, and Intuit. At Everseen, she drives strategic communications programs and customer-focused campaigns that reinforce the company’s industry.