Artificial intelligence company Everseen leases 1,250 sqm in Iulius Town Timisoara’s UBC 1 building 

Anca Alexe 20/11/2019 | 16:20

Everseen, a company specializing in Deep Learning and Machine Vision, will open its first office in Romania in the UBC 1 building of Iulius Town Timisoara, the first mixed-use project in the west of the country. The Romania office will be the company’s head office and will coordinate its global research activity.

Everseen leased 1,250 sqm in the United Business Center 1 (UBC 1) class A office building. The new company offices are also its first in Romania and in this region of Europe, aside from the offices already open in Belgrade.

The Timisoara premises will enable the group’s worldwide support, as this location accommodates the company headquarters, which will coordinate the entire research activity in the other three major cities where the company operates, namely New York, Belgrade, and Cork.

“One of the selection criteria for choosing the future office space was to have all 100+ employees on the same floor. Another important criterion was easy access to services, such as: banks, gym, restaurants, post, etc. And the third selection criterion was the high quality of exterior and interior finishes. On top of that, the Iulius Town complex is kilometer 0 in Timisoara,” said Alan O’Herlihy, the CEO of Everseen.

The team in Timisoara will accommodate more than 100 employees and will develop technologies for optimizing activities in the retail industry, which will also be launched on the Romanian market.

“Six years ago, we opened our first developer labs in a small converted townhouse in Timisoara,” said CEO Alan O’Herlihy. “Today we count more than 100 team members—many from Politehnica University—as part of the growing Everseen family. We are committed to building our presence in Timisoara with more hires for positions including software developers, QA engineers, ML Researchers, DevOps, SysOps. We consider the engineers, scientists and mathematicians in Romania to be the best in the world and look forward to partnering with our growing team to expand into new global industries,” he added.

Everseen was established in 2008 by Alan O’Herlihy, an Irish native, and it specializes in the development of software for reducing losses in sale units in the retail industry. The technology developed by Everseen is used by five of the top ten most prolific retailers worldwide. This technology is based on video analysis and artificial intelligence in order to reduce up to 90 percent of omissions in scanning items and which add up to a total of 90 billion dollars every year.

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