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November 15, 2006
Nordic VC Backs Polar Rose's Visual Search Innovation
Malmö, Sweden-based Polar Rose has raised a nice sized Series A round of $5.1 m (€4 m, SEK 37 m) from Nordic Venture Partners to make a business out of its facial recognition technology applied to searching and identifying images on the Web.
Details on the firm's commercial service are sketchy. But knowing Nordic Venture Partners from interviews over the years and recent conversations with its partners, the company is meant to make money and it is being built for a global market.
What we know so far is that it's software can do some three-dimensional processing of images (3D extrusion) and applies cutting-edge facial recognition algorithms. This combined with labeling and input from users - to sort and add context to images -- is the basis of the service.
Here's what Polar Rose tells potential users:
Polar Rose works with any public photo. No matter if you're using flickr, 23, Kodak gallery, or any other website, Polar Rose lets you discover people in pictures. Learn who people are, and help improve results by tagging pictures together with other users.
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Posted on November 15, 2006 06:29 AM | Posted to News And Updates | Online services | Specialized Software | Venture Capital | Permalink
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