IQ Engines Receives $3,800,000 Series B Funding Round

Feed Type
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
Venture Investor
Third Point LLC
Venture Investor
Motorola Solutions Venture Capital