Madras spinout HyperVerge has secured seed funding from a range of venture capital firms to expand into the US.

HyperVerge, an image recognition spinout from Indian Institute of Technology Madras, has raised a $1m seed round from New Enterprise Associates, Milliways Ventures and Naya Ventures, Economic Times reported yesterday.

Spun out in 2014, HyperVerge exploits deep-learning technology to analyse the content of images and organise photos by people, location, scenes and events.

The technology was developed by the Computer Vision research group at Madras with a budget of less than $10,000.

The seed funding will support the company’s expansion into the US, with HyperVerge seeking to ink strategic partnership agreements in that market.

Kedar Kulkarni, co-founder and chief executive of HyperVerge, said:  “We believe that our image recognition technology can be the foundation for several breakthrough consumer applications in the near future.”