August 18, 2015
HyperVerge Secures $1M in Seed Funding
Hyderabad – (August 18, 2015) –
HyperVerge, a Chennai, India and Palo Alto, CA-based deep-learning startup, secured $1m in seed funding.
Backers included New Enterprise Associates, Milliways Ventures and Naya Ventures. In conjunction with the funding, Dayakar Puskoor of Naya Ventures joined HyperVerge’s board.
This company intends to use the funds to expand in the U.S.
Founded in 2014 by Kedar Kulkarni, CEO, HyperVerge uses cloud-based image recognition technology to analyze and organize photos across all devices. Their upcoming mobile application (called Silver) will allow users to 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. These systems recognize faces, scenes, documents, business cards and other patterns within images to categorize photo albums based on context. They also assist in identification and deletion of poor quality photos, duplicates and other unwanted photos.