In a recent project for Heineken, Realeyes helped the brand and its media partner AOL test and collect emotional feedback from the 11 videos in its Wieden+Kennedy-created “Dropped” video reality web series, which followed regular people as they were sent to remote locales around the world and given bizarre assignments to complete. In one case, a guy from South Africa was blindfolded and dropped out of an airplane near the Polish border, where he then had to arrange a Berlin-style circus show.
Using its emotional scoring system, Realeyes analyzed how longer two-minute cuts of the “Dropped” content tested against shorter 30-second trailers with about 4,200 viewers across Spain, Australia and the United States. Turns out the longer pieces scored higher on the emo scale than the trailers, driving 2X greater CTR and 3X more social actions. AOL used that info to redirect its media budget accordingly.
Realeyes has analyzed thousands of online videos with hundreds of thousands of people over the last several years, storing the fruits of its algorithm’s labor in a massive database. That information is connected with the number of times each particular video was shared, tweeted or organically viewed and then fed into a second algorithm that predicts how well a video will do on social media based on emotional reaction with about 80% accuracy, according to Jäätma.
It’s a fairly high success rate, but Jäätma and his team of Ph.D.s and mathematicians are looking to do better.
In mid-April, the company accepted a €3.6 million grant from the European Commission to work with researchers from Imperial College London on a project to use automation to better quantify the link between likeability and the web of emotions that influence outcome. The grant is part of Horizon 2020, an EU-funded scheme designed to encourage European competitiveness that plans to disburse about €80 billion by the year 2020.
In addition to its shared grant from the European Commision, Realeyes, which has a headcount of 40 and additional offices in Boston and Budapest, has also had some more traditional funding events in the past, totaling about $10 million.