After 21 years in business, Danish video management software company, Milestone Systems, is now ramping up its support of the new generation of young entrepreneurs.
At this year’s High Tech Summit, Milestone Systems will be increasing its footprint on the event. This happens in acknowledgement of DTU’s effort to create a prolific startup ecosystem, says Lars Thinggaard, President & CEO at Milestone Systems:
Lars Thinggaard, President & CEO at Milestone Systems
“We want to pay tribute to the entrepreneurial spirit DTU has created. As a company, we have been very successful having Denmark as our base for more than 21 years. Denmark is a great country to establish a business in, and we would like to see many other new startups follow our example,” he says.
Since its inception in Denmark in 1998, Milestone Systems has developed video management software for the security industry. The software manages the input and archiving of basically indefinite video streams and enables the user to quickly search through hours of video merely by feeding the software a few keywords. Today, Milestone Systems’ video management software is widely deployed beyond security, improving store layout and study consumer behavior in retail, furthermore monitor coastal erosion and protect wildlife.
With 21 years of development and refining the product, Milestone Systems is a beacon of video technology. By 2019 Milestone Systems employees counts 800 colleagues worldwide,356 of them located at the Danish office in Brøndby.
“I always say: If you want to get an international career – come to Brøndby,” Lars Thinggaard says laughing. And he has a point: The company encompasses 33 different nationalities at the Brøndby post.
AI and deep tech
In spite – or maybe as a result – of the international success, Milestone Systems feels at home in Denmark. This means that this year DTU’s High Tech Summit will be an even bigger priority than it was in 2018.
That year, Lars Thinggaard gave a keynote on the history and values of the company. He also awarded the innovative MedTech startup Measurelet the Milestone Innovation Award, which consisted of a prize of 30.000 DKK and 9 hours of face-to-face mentoring time with Milestone Systems’ executive team. After these sessions, the DTU startup which has created an innovative toilet, a med-tech device to separate and measure patient output, is now on track for growth.
This year, Milestone Systems is looking forward to support more young startups.
“High Tech Summit is important because you have all the technical universities coming together. Having our booth here connects us with a broad technical audience. We already have a lot of former DTU students working at Milestone Systems. So of course, High Tech Summit is the ideal place for us to look for candidates, who are interested in working with us in areas such as Artificial Intelligence and Deep Learning,” says Lars Thinggaard and elaborates:
“We are always looking for technically adept people who are able to combine logical and creative thinking. People who can see things that are not apparent to others.”
In 2019, apart from yet another booth and an award, Milestone Systems will be sponsoring a technology track focusing on the responsible use of technology.
“Through the Tech for Life movement which we are part of, we aim to present the audience with practical steps on how small- and medium-sized businesses can implement tech responsibly. Just as we do ourselves,” Lars Thinggaard says.
“It’s no use closing your eyes to the changes. We need to constantly keep up and try to influence the process.”
Professor Jan Madsen, DTU Compute