IQ Engines Receives $3,800,000 Series B Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1e68fc91-fd51-4689-806f-701d7223443d&Preview=1 -
Date
6/28/2012 -
Company Name
IQ Engines -
Mailing Address
2039 Shattuck Ave. Berkeley, CA 94704 -
Company Description
IQ Engines recognizes and labels photos, monetizing images by matching them to relevant retailers and advertisers. Our
image recognition engine is fast, accurate and scalable. We provide image intelligence service via a defined API interface to retailers and web photo publishers. -
Website
http://www.iqengines.com -
Transaction Type
Venture Equity -
Transaction Amount
$3,800,000 -
Transaction Round
Series B -
Proceeds Purposes
The funds will be used to improve the speed and accuracy of the company’s image recognition technology and to build new tools for developers to integrate visual search into their applications. -
M&A Terms
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Venture Investor
Third Point LLC -
Venture Investor
Motorola Solutions Venture Capital
