HyperVerge gets -mn funding from VCs in US

HyperVerge, a deep-learning startup by IIT-Madras graduates, on Tuesday announced it has raised $1 million in seed funding from US venture capital firms, including NEA, Milliways Ventures and Naya Ventures.

HyperVerge uses the technology of deep-learning to analyse and organise photos across all devices. This capital will enable HyperVerge to expand into the US market and position itself as a strong contender in the space of image recognition. Dayakar Puskoor from Naya Ventures has also joined the Board to mentor the young team.

The company, founded in 2014, started as a student R&D group at IIT Madras. During their time at the institute, the team represented India at several international robotics competitions. They also developed several computer vision and machine-learning solutions for manufacturing automation, a press release said.