August 24, 2012

Vicarious Announces $15M Series A Funding Led by Good Ventures




Vicarious, an artificial intelligence research company, today announced a $15M Series A round of financing led by Good Ventures LLC, a for-profit investment firm founded by Facebook and Asana co-founder Dustin Moskovitz that will donate all of its earnings to the Good Ventures Foundation. Also participating in the round are veteran institutional investors Founders Fund and Open Field Capital, as well as Vicarious angel investors Steve Brown and Zarco Investment Group.

Vicarious is developing machine learning software based on the computational principles of the human brain. Since its launch in February 2011, the company has developed a visual perception system that interprets the contents of photographs and videos in a manner similar to humans. Powering this technology is Vicarious’ key innovation: a new computational paradigm called the Recursive Cortical Network™. The research at Vicarious is expected to have broad implications for robotics, medical image analysis, image and video search, and many other fields.