Deep Learning Startup HyperVerge Raises Funds
Chennai based deep-learning startup by IIT-Madras graduates, HyperVerge has raised about a million dollars in seed funding from several US VC firms including NEA, Milliways Ventures and Naya Ventures.
The funds will be used to expand its operations in the US and Indian market. With the deal, Dayakar Puskoor from Naya Ventures joins the Board to mentor the team.
Founded in 2014, HyperVerge has developed patent-pending technology for organisation of images by identification of people, places, scenes and events in images. Their upcoming mobile application (Silver) will help users automatically organize all the images on their phone. It utilizes deep-learning and convolutional neural networks to recognize, classify and process vast amounts of image data.
It also assist in identification and deletion of poor quality photos, duplicates and other unwanted photos. Its optimized self-learning algorithms produce results that are real-time and highly accurate to ensure users find the photo(s) they are looking for within just a few seconds.
Source: Deep Learning Startup HyperVerge Raises Funds
Via: Google Alert for Deep Learning