Catchoom, a Barcelona, Spain-based developer of a visual recognition system, has closed over €600k in its first round of equity funding and soft loans from public government institutions.
Backers include Inveready First Capital, which becomes a minority shareholder.
Founded by CEO David Marimon and Tomasz Adamek in November 2011 as a spin-off of Telefónica R&D, Catchoom provides visual recognition technology (protected by two patents) that matches images of the real world and relates them to digital information.
Clients include companies that develop platforms and applications of Augmented Reality such as Layar and Metaio.
The company has its offices in the Barcelona Activa business incubator for startups.