IQ Engines, Inc., a Berkeley, Calif.-based provider of image recognition software, has secured $3.8m in Series B funding.
Backers include Third Point Ventures and Motorola Solutions Venture Capital.
The company intends to use the funding to improve the speed and accuracy of its image recognition technology and to build new tools for developers to integrate visual search into their applications.
Led by Gerry Pesavento, CEO, IQ Engines provides image recognition software (VisionIQ) that can identify the content in virtually any photo. The company provides this software to developers and offers a simple way to integrate image recognition into mobile applications and web services. Customers include retailers, media companies and mobile app developers, who are using VisionIQ to power visual search, shopping, content discovery and other apps.
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FinSMEs
25/06/2012