Catchoom Raises over €600K in Financing
Catchoom, a Spanish technology company that has developed an advanced system on image recognition (Visual Search) has raised over €600k in its first financing.
The round includes capital from Inveready First Capital, which has taken a minority stake in the company, and a soft loan from public sources.
Founded by CEO David Marimon and Tomasz Adamek as a spin-off from Telefónica R + D, Catchoom has developed technology that allows mobile handsets equipped with cameras to identify and use real-world images and relate them to digital information.
Customers include platform and augmented reality application developers such as Layar and Metaio (which sells mobile application junaio).