Israeli deep learning and computer vision company Allegro.ai has raised $7 million in a Series A financing round led by Mizmaa Ventures and with the participation of Robert Bosch Venture Capital, Samsung Catalyst Fund and Dynamic Loop Capital. The company has raised $11 million to date, Globes reports.
Allegro.ai will use the funds to accelerate artificial intelligence (AI) for computer vision-based technologies.
The company's deep learning and computer vision platform is in the beta-site stage and Allegro.ai is already working with some large customers. With 20 employees the Ramat Gan based company was founded in 2016 by CEO Nir Bar-Lev, CTO Moses Guttmann and VP R&D Gil Westrich.