Facebook is constantly exploring ways to monetize its news feed, but what about the 350 million photos that are added to the social network each day? That’s where photo-marketing platform Pongr is looking to play a role, with help from an intellectual-property portfolio it acquired from Israeli computer vision research-and-development company Sightec.
Pongr said it will use Sightec’s super-resolution technology to detect brands or products in Facebook photos, adding that the technology from the Israeli company is capable of improving image quality 10 times more than typical image-enhancement methods.
The photo-marketing platform added that it is now capable of matching mobile and desktop advertising with the contextual relevance of photos consumers take with their mobile devices and share across social networks, thanks to its increased ability to detect brands, sentiment, and sharability.
Pongr Co-Founder and CEO Jamie Thompson said:
Billions of photos are shared by consumers every month, many of which contain brands or products consumers love or want, yet they remain one of the most underutilized and non-monetized aspects of marketing, especially within the social and mobile space. The addition of Sightec’s world-class scientists and technology will enable us to unlock huge value hidden within photos at tremendous scale and accuracy and give brands engagement opportunities they’ve never had before.
Sightec CEO Joseph Francos added:
We look forward to helping the world’s top brands leverage the power of pictures and videos through the use of Pongr. Our technology paired with the Pongr platform can “see” brands and products within photos that in the past may have been deemed undetectable because the items were either out of the photo’s focal point or the overall image quality was too poor.
Francos will assume the role of chief computer vision scientist at Pongr.
Readers: Do you see potential for monetization from the combination of Pongr and the technology from Sightec?