Recognize.im is mobile technology firm provides image recognition technology to create your own mobile application.
Business Model: B2B
Revenue: $2.8M
Employees: 11-50
Address: 1302 E Collins Blvd
City: Richardson
State: TX
Zip: 75081
Country: US
iTraff Technology Sp. z o.o. was founded in 2010 as an initiative of Arkadiusz Skuza, Wojciech Radomski, Paweł Elbanowski and Marcin Szajek. The company empowers mobile and web developers to utilize the Image Recognition Technology with Recognize.im API. Recognize.im API allows businesses to quickly build image recognition into their own mobile and web applications. The setup is quick: upload your reference pictures to Recognize.im, and use the ready-made code available on the website. In a few minutes your platform will feature a built-in image recognition technology. This type of solution promotes genuine customer engagement and sales carried out via the mobile channel in virtually any consumer-facing industry. Recently, the Recognize.im Team has been focusing on supporting merchandising with image recognition technology by providing a special recognition mode that enables locating products on shop shelves. The idea is to enable real-time monitoring of shelf contents with unparalleled precision, thanks to which it will be possible to obtain various kinds of reports, such as compatibility planograms or comparisons to the competition. In addition to the above, hardware support for the described algorithmic engine is being prototyped in the form of a network of simple, low-cost devices installed on premises, enabling constant monitoring of the products in stores. So far technology developed by iTraff technology has enabled the creation of many applications in the fields of e-commerce, publishing, advertising, or affiliated with major brands. Partnership projects are carried out with companies like Evernote or Facebook. The company has also collected a number of awards for its implementations, including competitions in the United States, Austria, Finland, Greece, Poland and Belgium (including the prize awarded by the European Commission Commissioner for the Digital Agenda, Neelie Kroes).
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2011 | Seed Round | 1 | - |
SpeedUp Venture Capital Group SpeedUp Venture Capital Group |
3/2012 | Seed Round | 1 | $235k |
Innovation Nest Innovation Nest |
1/2011 | Seed Round | 1 | - |
SpeedUp Venture Capital Group SpeedUp Venture Capital Group |
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