TAIPEI, May 6, 2026 /PRNewswire/ -- VIVOTEK has successfully deployed an AI powered surveillance solution at Lillestrøm Bus Terminal in Norway, enhancing passenger and driver safety while improving operational efficiency. Delivered with Nimbus AS and Vicon Norway AS, the integrated system provides wide area coverage across indoor and outdoor spaces, using panoramic AI cameras to ensure clear visibility and optimized deployment in high traffic transport environments.
Background
Akershus Kollektivterminaler (AKT FKF), which operates major bus and ferry terminals in the Oslo region, including Oslo Bus Terminal and Aker Brygge Ferry Terminal, serves over 450,000 passenger journeys daily. Lillestrøm Bus Terminal, one of its key transportation hubs, requires comprehensive indoor and outdoor monitoring with real-time visibility into potential incidents. To enhance safety for passengers, bus drivers, terminal staff, and others on-site, while expanding surveillance coverage across multiple locations, the terminal was upgraded with VIVOTEK's AI security solutions.
Challenge
Before the deployment of VIVOTEK's solution, Lillestrøm Bus Terminal faced several operational and safety challenges typical of busy transportation hubs. Limited visibility across both indoor and outdoor areas made it difficult to maintain full situational awareness, particularly in high-traffic passenger zones and around bus platforms. Blind spots behind buses posed safety risks for both drivers and passengers, increasing the risk of accidents during departures. In addition, incident investigations were time-consuming due to the lack of efficient search capabilities, while traditional system architectures required higher maintenance efforts and costs. These challenges highlighted the need for a more intelligent, integrated, and scalable surveillance solution to enhance overall safety and operational efficiency.
Solutions
VIVOTEK implemented an AI-powered security solution to enhance passenger and driver safety while improving operational efficiency. The solution integrates panoramic indoor monitoring, comprehensive outdoor coverage, AI-powered search, and enhanced driver visibility, establishing a modern security foundation that supports both current operations and future expansion. The project was delivered by system integrator Nimbus Fiber AS and commissioned by VIVOTEK's long-term Oslo-based value-added distributor and partner Vicon Norway AS.
Comprehensive Surveillance for Terminal and Surrounding Areas
VIVOTEK delivered comprehensive coverage across both indoor and outdoor areas. Inside the terminal, CC9391-HV 180° panoramic AI cameras provide wide-area visibility across passenger zones, while IB9387-EHTV-V3 AI cameras monitor key outdoor locations, including areas behind buses, nearby bus stops, and the employee parking area. Together, these cameras enhance situational awareness of traffic flow, passenger movement, and safety incidents.
Building on this foundation, all cameras feature Edge AI analytics, with metadata automatically sent to the NVR, while VSS serves as a unified interface without requiring additional software. Leveraging this AI-powered data, VIVOTEK Deep Search further enables fast and efficient investigations, allowing operators to locate people, vehicles, and incidents within seconds.
Enhancing Safety with RX9502 Video Receivers
To strengthen on-site safety, RX9502 Video Receivers are deployed across all 16 bus platforms, providing drivers with real-time rear-view footage to reduce blind spots and prevent accidents. Replacing traditional PCs with RX9502 units also lowers total cost of ownership, reduces maintenance, and improves system stability, while RTSP streaming ensures smooth, low-latency video delivery.
Beyond on-site operations, the system is built around a VIVOTEK NVR within a VSS Server environment, supporting centralized monitoring and long-term scalability. VORTEX Connect is planned for future deployment, with the architecture designed for seamless integration, enabling flexible access, extended AI services, and secure data sharing without infrastructure changes. Future expansions can further connect additional terminals to the central VSS Server via OpenVPN, positioning Lillestrøm as a centralized hub while reducing overall operational costs.
Key Benefits Achieved at Lillestrøm
With VIVOTEK's AI solution, Lillestrøm Bus Terminal has achieved multiple benefits:
- Improved passenger and driver safety
- Clear visibility behind buses at every platform
- Faster and more efficient incident investigation
- Stable, low-maintenance system design
- Scalable, future-ready surveillance architecture platform
Result and Customer Feedback
"This project has delivered exactly what we were looking for: improved passenger and driver safety combined with a solution that is scalable and future-proof. With intelligent search capabilities and a robust system architecture, the solution is well aligned with AKT's long-term development plans. The goal is to ensure safety for travellers, bus drivers, employees at the terminal and everyone who travels in the area – i.e. Everyone should feel safe."
— Jafar Altememy, CEO of AKT, and Roy Helge Solvang, Project Manager at AKT
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
VIVOTEK AI Solutions Enhance Efficiency at Traffic Hubs in Norway
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GMCL's IPO Opportunities Fund targets investments in AI, decentralized finance technologies, and new-age energy solutions in companies with a market capitalization between USD 5 billion and USD 20 billion
BOSTON, May 7, 2026 /PRNewswire/ -- Global Millennial Capital Ltd. (GMCL) has announced the final closure of its inaugural IPO Opportunities Fund at USD 100 million, raised through a private placement offering to institutional and professional investors. The fund is designed to provide exposure to late-stage, technology-driven companies approaching potential liquidity events, with a particular focus on mid-cap businesses typically valued between USD 5 billion and USD 20 billion. These segments are increasingly attractive as technology adoption accelerates, yet capital allocation remains less concentrated compared to large-cap markets.
The launch of the fund reflects a broader structural shift in global capital markets. Technology companies are remaining private for longer periods while achieving greater scale, revenue visibility, and operational maturity before entering the public markets. This dynamic has created a distinct opportunity for investors to access high-quality companies at a stage where risk is more defined than early-stage investing, while still retaining meaningful upside potential.
According to Andreea Danila, Head of Investment and Research at Global Millennial Capital, the expansion of mid-cap technology businesses is particularly evident at the intersection of artificial intelligence, decentralized finance technologies, new age energy solutions, and data. These companies, while often overlooked by both large-cap allocators and early-stage investors, are increasingly positioned at critical inflection points in their growth trajectories. The fund's strategy is therefore focused on identifying and supporting such businesses during the final stages of value creation ahead of an IPO or strategic transaction.
The fund's sector focus reflects areas where technology is driving systemic change across both financial services and the real economy. Key themes include artificial intelligence, decentralized finance, cybersecurity, enterprise software, and next-generation energy infrastructure. These sectors are increasingly interconnected, with advances in data, automation, and digital infrastructure reshaping how capital is allocated, how services are delivered, and how value is created.
The investor base of the GMCL IPO Opportunities Fund reflects global capital flows into technology and innovation. Participants include family offices and institutional investors from Saudi Arabia, Kuwait, and Qatar, alongside existing GMCL investors and international wealth management partners. The fund is designed to provide diversified exposure across geographies and business models.
Global Millennial Capital's investment team brings experience across venture capital, private equity, and capital markets, with particular expertise in managing investments through the transition from private to public ownership. This includes structuring late-stage investments, assessing IPO readiness, and navigating liquidity pathways, including both public listings and strategic exits.
Important Information
The Fund is registered as a private investment fund under the laws of the British Virgin Islands. Registration by the British Virgin Islands Financial Services Commission (the "FSC") does not constitute approval or endorsement of the Fund by the FSC.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any interests in the Fund or any other security. Any such offer or solicitation will be made only pursuant to the Fund's confidential offering documents, which should be reviewed in their entirety, including the risk factors described therein.
Interests in the Fund are offered on a private placement basis only to a limited number of investors who meet applicable eligibility requirements, including professional or sophisticated investors, and are subject to restrictions on transfer and resale.
No invitation is made to the public to subscribe for interests in the Fund. The Fund is closed to new investors.
This press release is not directed at, and should not be distributed to or relied upon by, any person in any jurisdiction where such distribution or use would be contrary to applicable law or regulation. Interests in the Fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, such registration requirements.
Certain statements in this release may constitute forward-looking statements. These statements are based on current expectations and assumptions and involve known and unknown risks and uncertainties. Actual results may differ materially. No representation or warranty is made as to the accuracy or completeness of such statements.
Past performance is not indicative of future results. There can be no assurance that the Fund will achieve its investment objectives or that investors will receive a return of their capital.
About Global Millennial Capital Ltd.
Global Millennial Capital Ltd. is a venture capital firm registered with the British Virgin Islands Financial Services Commission and headquartered in Boston, United States, with a global mandate to invest across transformative technology sectors. GMCL focuses on research-driven IPO and growth-stage investments in high-potential companies spanning artificial intelligence, decentralized finance, blockchain, software, fintech, cybersecurity, next-generation energy, and other emerging technologies shaping the future economy.
Disclaimer
Global Millennial Capital Ltd. is affiliated with the GMCL IPO Opportunities Fund (the "Fund"), which is registered as a private investment fund under the laws of the British Virgin Islands. Registration of the Fund by the British Virgin Islands Financial Services Commission does not constitute approval or endorsement of the Fund.
No part of this article is intended to constitute, or may be relied upon as, investment advice, an investment recommendation, an offer to sell, or a solicitation of any offer to buy any security or adopt any investment strategy. Any investment in the Fund will be made solely on the basis of the Fund's confidential offering documents.
Global Millennial Capital Ltd. is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended.
GMCL's IPO Opportunities Fund targets investments in AI, decentralized finance technologies, and new-age energy solutions in companies with a market capitalization between USD 5 billion and USD 20 billion
BOSTON, May 7, 2026 /PRNewswire/ -- Global Millennial Capital Ltd. (GMCL) has announced the final closure of its inaugural IPO Opportunities Fund at USD 100 million, raised through a private placement offering to institutional and professional investors. The fund is designed to provide exposure to late-stage, technology-driven companies approaching potential liquidity events, with a particular focus on mid-cap businesses typically valued between USD 5 billion and USD 20 billion. These segments are increasingly attractive as technology adoption accelerates, yet capital allocation remains less concentrated compared to large-cap markets.
The launch of the fund reflects a broader structural shift in global capital markets. Technology companies are remaining private for longer periods while achieving greater scale, revenue visibility, and operational maturity before entering the public markets. This dynamic has created a distinct opportunity for investors to access high-quality companies at a stage where risk is more defined than early-stage investing, while still retaining meaningful upside potential.
According to Andreea Danila, Head of Investment and Research at Global Millennial Capital, the expansion of mid-cap technology businesses is particularly evident at the intersection of artificial intelligence, decentralized finance technologies, new age energy solutions, and data. These companies, while often overlooked by both large-cap allocators and early-stage investors, are increasingly positioned at critical inflection points in their growth trajectories. The fund's strategy is therefore focused on identifying and supporting such businesses during the final stages of value creation ahead of an IPO or strategic transaction.
The fund's sector focus reflects areas where technology is driving systemic change across both financial services and the real economy. Key themes include artificial intelligence, decentralized finance, cybersecurity, enterprise software, and next-generation energy infrastructure. These sectors are increasingly interconnected, with advances in data, automation, and digital infrastructure reshaping how capital is allocated, how services are delivered, and how value is created.
The investor base of the GMCL IPO Opportunities Fund reflects global capital flows into technology and innovation. Participants include family offices and institutional investors from Saudi Arabia, Kuwait, and Qatar, alongside existing GMCL investors and international wealth management partners. The fund is designed to provide diversified exposure across geographies and business models.
Global Millennial Capital's investment team brings experience across venture capital, private equity, and capital markets, with particular expertise in managing investments through the transition from private to public ownership. This includes structuring late-stage investments, assessing IPO readiness, and navigating liquidity pathways, including both public listings and strategic exits.
Important Information
The Fund is registered as a private investment fund under the laws of the British Virgin Islands. Registration by the British Virgin Islands Financial Services Commission (the "FSC") does not constitute approval or endorsement of the Fund by the FSC.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any interests in the Fund or any other security. Any such offer or solicitation will be made only pursuant to the Fund's confidential offering documents, which should be reviewed in their entirety, including the risk factors described therein.
Interests in the Fund are offered on a private placement basis only to a limited number of investors who meet applicable eligibility requirements, including professional or sophisticated investors, and are subject to restrictions on transfer and resale.
No invitation is made to the public to subscribe for interests in the Fund. The Fund is closed to new investors.
This press release is not directed at, and should not be distributed to or relied upon by, any person in any jurisdiction where such distribution or use would be contrary to applicable law or regulation. Interests in the Fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, such registration requirements.
Certain statements in this release may constitute forward-looking statements. These statements are based on current expectations and assumptions and involve known and unknown risks and uncertainties. Actual results may differ materially. No representation or warranty is made as to the accuracy or completeness of such statements.
Past performance is not indicative of future results. There can be no assurance that the Fund will achieve its investment objectives or that investors will receive a return of their capital.
About Global Millennial Capital Ltd.
Global Millennial Capital Ltd. is a venture capital firm registered with the British Virgin Islands Financial Services Commission and headquartered in Boston, United States, with a global mandate to invest across transformative technology sectors. GMCL focuses on research-driven IPO and growth-stage investments in high-potential companies spanning artificial intelligence, decentralized finance, blockchain, software, fintech, cybersecurity, next-generation energy, and other emerging technologies shaping the future economy.
Disclaimer
Global Millennial Capital Ltd. is affiliated with the GMCL IPO Opportunities Fund (the "Fund"), which is registered as a private investment fund under the laws of the British Virgin Islands. Registration of the Fund by the British Virgin Islands Financial Services Commission does not constitute approval or endorsement of the Fund.
No part of this article is intended to constitute, or may be relied upon as, investment advice, an investment recommendation, an offer to sell, or a solicitation of any offer to buy any security or adopt any investment strategy. Any investment in the Fund will be made solely on the basis of the Fund's confidential offering documents.
Global Millennial Capital Ltd. is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Global Millennial Capital Raises USD 100 Million to Fund New-Age Technology Leaders in Underpenetrated Mid-Cap Segments
