Kimera Technologies raises 660k Euro to fuel growth

04/13/2023 14:53 • Daily Digest • 63 views

According to reports, Kimera Technologies, a metaverse visual content data company headquartered in Valencia, Spain, announced the completion of a 660000 euro financing, with participation from Addendum Capital, Adara Ventures, Bonsai Partners, and BStartup Banco Sabadell. The company converts visual content (including images and videos) into more useful data for better market analysis and trend prediction, helping businesses operate 3D content and enter the fields of virtual reality and metaverse. （novobrief）

Kimera Technologies, a metaverse visual content data company, completed a 660000 euro financing

Kimera Technologies, a metaverse visual content data company based in Valencia, Spain, recently secured a 660,000 Euro financing round led by Addendum Capital, Adara Ventures, Bonsai Partners, and BStartup Banco Sabadell. The funds will be used to enhance the company’s market analysis and trend prediction capabilities by converting visual content such as images and videos into more useful data. This will help businesses to operate 3D content and enter the fields of virtual reality and metaverse. Let’s take a closer look at what Kimera Technologies does and why its latest fundraising round is noteworthy.

Understanding Kimera Technologies

Kimera Technologies was founded in Valencia in 2018 by CEO Pablo Castejón and Chief Science Officer Carlos Segura. It specializes in using machine learning algorithms to convert visual content such as images into structured data easily readable by machines. This analysis, in turn, enables organizations to make more informed decisions about products, marketing strategies, and consumer trends. The company combines image recognition with natural language processing techniques to discover the meaning behind the images.
Kimera Technologies targets industries that deal with large volumes of visual content, including e-commerce companies, media outlets, and social media platforms. The company’s proprietary technology has become increasingly important as the world becomes more visually oriented. The demand for visual and 3D content is only expected to grow as virtual and augmented reality technologies mature, and more people spend time in metaverse platforms.

Securing the 660K Euro Financing

Kimera Technologies’ latest financing round was a significant milestone for the company. It will use the funds to enhance its machine learning models and expand its market outreach across Europe and other regions. The four investors who participated in the funding round bring a wealth of experience and industry connections, which Kimera Technologies hopes to leverage in its quest for growth.
Adara Ventures is a deep-tech investor that focuses on European technology companies. It has experience investing in companies that work with cutting-edge technologies such as AI, cybersecurity, and quantum computing. BStartup Banco Sabadell is the innovation division of Spain’s Banco Sabadell. It invests in start-ups across a variety of industries and provides mentorship and support to help them grow. Addendum Capital and Bonsai Partners are both investment funds that have assisted various startups’ fundraising efforts.
Kimera Technologies’ latest financing round comes on the heels of a successful year. It raised 2.2 million Euros in a seed round in December 2020, which included funding from Telefónica Innovation Ventures and Sabadell Venture Capital.

Conclusion

Kimera Technologies’ ability to convert visual content into structured data is becoming increasingly valuable as more companies enter the visual and 3D content market. The company’s proprietary machine learning models give it an edge over competitors while accelerating market analysis and trend prediction capabilities. With the latest infusion of capital, the company can continue to grow and provide enhanced visual content solutions to its clients. Businesses looking to operate 3D content and enter the fields of virtual reality and metaverse can leverage Kimera Technologies’ technology to expand their reach.

FAQs

1. What is Kimera Technologies?

Kimera Technologies is a visual content data company based in Valencia, Spain. It uses machine learning algorithms to convert visual content such as images and videos into structured data.

2. Who participated in Kimera Technologies’ latest funding round?

The latest 660K Euro financing round was led by Addendum Capital, Adara Ventures, Bonsai Partners, and BStartup Banco Sabadell.

3. Which industries does Kimera Technologies target?

Kimera Technologies targets industries that deal with large volumes of visual content, such as e-commerce companies, media outlets, and social media platforms.

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