NetraDyne, a provider of applied Deep Learning solutions, raised $16m in Series A funding.
The venture capital arm of Reliance Industries Limited (RIL) made the investment.
The company intends to use the funds to drive the commercialization of its Intelligent Internet of Things (IoT) product roadmap serving multiple global markets.
Founded in 2015 by Avneesh Agrawal, CEO, NetraDyne provides deep learning driven IoT solutions that process visual and sensory inputs and deliver insights and business intelligence to decision makers in industries where vision-based analytics can bring increased performance.
The company is based in San Diego, CA and Bangalore, India.