A Sydney-based computer-vision start-up backed by the CIA has closed a multimillion-dollar seed funding round and hired a CEO in Silicon Valley.
Visionary Machines, which says it has technology that uses arrays of cameras for 3D spatial sensing that is more accurate and robust than competing technology, raised $7.5 million in a seed funding round led by the local venture capital fund Folklore Ventures, with co-investment by Our Innovation Fund.
The start-up’s existing investors, Significant Capital Ventures, along with Thorney Investment Group and IQT International Australia, also chipped in.
IQT is the Sydney arm of In-Q-Tel, a venture capital firm founded by the CIA and said to be….. read the full Australian Review article.