Vicarious Receives $15,000,000 Series A Round

  • Feed Type
  • 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
  • Venture Investor
    Good Ventures
  • Venture Investor
    Founders Fund
  • Venture Investor
    Open Field Capital
  • Venture Investor
    Zarco Investment Group
  • Venture Investor
    Undisclosed

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