Tag: Thomas Jensen
Milestone Systems acquires brighter AI
April 9, 2025SSN Staff
COPENHAGEN, Denmark — Berlin-based technology company brighter AI has been acquired by Milestone Systems, adding anonymization technology to the company's lineup.
In light of artificial intelligence concerns, Milestone sees brighter AI as a solution to regulatory-compliant data. The acquisition also opens up a range of new opportunities with anonymization capabilities and privacy enhancement, which protects data and enables full data privacy. The company said that the addition of...
Milestone CEO emphasizes domain-specific models for success
March 31, 2025Ken Showers, Managing Editor
COPENHAGEN, Denmark — Milestone Systems CEO Thomas Jensen believes Project Hafnia will have an immediate impact on traffic and transportation datasets across diverse city environments, but he says the longer-term impact of the technology is much broader.
“Rather than pursuing general AI, we believe in an agentic approach—smaller, domain-specific models that excel in their respective fields,” he said. “Our long-term vision is to dominate the traffic and transportation...
Annual report sees Milestone reach DKK 2 billion net income
March 27, 2025SSN Staff
COPENHAGEN, Denmark —2024 proved to be a successful year for Milestone, breaking new ground through the strategic acquisitions of BriefCam analytics and Arcules cloud, and development of new product offerings and partnerships.
“Milestone has delivered exceptional results in 2024, marked by significant growth in both revenue and earnings,” says Lars Larsen, chief financial officer in Milestone.
Net revenue rose to DKK 2 billion from DKK 1.7 billion in 2023, reflecting a robust...
‘Data lineage is essential,’ says Milestone CEO
March 26, 2025Ken Showers, Managing Editor
COPENHAGEN, Denmark — Milestone System’s Project Hafnia is taking aim at democratizing AI-model training with NVIDIA’s Cosmos Curator, at the heart of which is data that is ethically sourced and regulation-compliant, says Milestone CEO Thomas Jensen.
In a two-part interview, Jensen discusses Milestone’s partnership with NVIDIA, emphasizing its long-standing collaboration in AI-driven video modeling. He highlights the importance of ethical AI development, data lineage...
Milestone unveils Project Hafnia, leveraging NVIDIA Cosmos Curator
March 19, 2025SSN Staff
COPENHAGEN, Denmark—Milestone Systems has announced the release of Project Hafnia to build services and democratize AI-model training with high-quality, compliant video data that leverages NVIDIA Cosmos Curator and AI-model, fine-tuning microservices.
The announcement was made on March 18 during NVIDIA’s global conference for AI developers at GTC in San Jose, Calif.
AI developers across the globe share the challenge of finding sufficient high-quality, accurate and reliable video...
Arcules CEO Andreas Pettersson steps down
November 1, 2024SSN Staff
COPENHAGEN, Denmark — Milestone Systems has announced that Arcules CEO Andreas Pettersson will be stepping down from his position.
Arcules, which spun out from Milestone Systems in 2017, reintegrated with the company on July 1, 2024 citing a need to be optimally positioned for the growth expected in the VSaaS market.
“The merger offers unparalleled ability to exploit the rapidly changing Al landscape from on-prem to cloud and both Milestone and Arcules are advanced in working...
Exploring the merger, part 2: Eyeing ‘powerful’ position in VSaaS market
July 10, 2024Ken Showers, Managing Editor
COPENHAGEN, Denmark — With Arcules’s cloud-based solutions and Milestone’s extensive global reach and channel partner network, the merged company is well-positioned to lead the video technology software industry and capture a significant share of the growing VSaaS market, says Milestone CEO Thomas Jensen.
“The two companies have had a common goal of providing reliable, data-based video technology,” he said. “(VSaaS) technology helps customers improve their...
Exploring the merger: Milestone’s Jensen discusses reuniting with Arcules
July 3, 2024Ken Showers, Managing Editor
COPENHAGEN, Denmark — After a seven-year sojourn, Arcules is reunited with Milestone Systems in a move that will marry the two company’s video monitoring services to provide a more complete offering for its customers.
Over the next several months, it will be business as usual for the two groups as they navigate reintegration, helmed by Milestone CEO Thomas Jensen, who is acting CEO for both companies. Jensen will be working closely with Arcules’ Andreas Pettersson...
Milestone Systems and Arcules to reunite in merger
June 27, 2024SSN Staff
COPENHAGEN, Denmark, and IRVINE, Calif. — Global video technology company Milestone Systems has announced that it will merge with cloud-based video surveillance solutions provider Arcules, effective July 1, 2024.
Based in Irvine, California, Arcules was spun out from Milestone in 2017. Now, following that split from each other, the companies say that the merger brings together Milestone and Arcules' capabilities within video management software (VMS), video analytics and video surveillance...
Milestone names Hardip Sohi-Bains as chief people & culture officer
June 6, 2024SSN Staff
COPENHAGEN, Denmark—Milestone Systems has announced the appointment of Hardip Sohi-Bains as its new chief people & culture officer. Sohi-Bains comes to Milestone after a strong human resources career at Rambøll and Novo Nordisk in Denmark.
Thomas Jensen, CEO of Milestone Systems, is looking forward to welcoming the new chief people & culture officer.
“Hardip Sohi-Bains comes with solid global experience in the people-first philosophy while managing organizational change,...