Vicarious Receives $15,000,000 Series A Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0417ec68-302e-4ab2-8189-7046d6a8c551&Preview=1 -
Date
8/22/2012 -
Company Name
Vicarious -
Mailing Address
4 Union Sq Union City, CA 94587 -
Company Description
As the first step towards building intelligent machines, we are developing a vision system that understands the contents of images and videos the way humans do. -
Website
http://www.vicariousinc.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series A -
Proceeds Purposes
Ultimately, Phoenix says the technology could be used in almost every industry, including robotics, medical image analysis, and image and video search,. But that’s a ways off — Phoenix and his co-founder Dileep George say they’re still deep in research and development, and that the funding will be used to expand those R&D efforts. Developing products that commercialize the technology is still several years off, George says. -
M&A Terms
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Venture Investor
Good Ventures -
Venture Investor
Founders Fund -
Venture Investor
Open Field Capital -
Venture Investor
Zarco Investment Group -
Venture Investor
Undisclosed
