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.
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.