Sofia-based Imagga, which is known for its sophisticated technology for recognizing objects and concepts in digital pictures, has been awarded the Tech for Big Player Award, during the largest startup event for South Europe and Latin America, South Summit 2015. The prestigious prize was awarded by HM Felipe VI King of Spain.
South Summit is the leading entrepreneurship event for the Spanish speaking world. Over 12,500 participants, 100 startups, 650 investors, 325 journalists¸ 275 speakers took place in the forum, held in the historic Las Ventas building – build in the beginning of 20 century and home of the famous bull fights. Special guest of the event included Steve Wozniak, co-founder of Apple together with Steve Jobs.
Over 100 carefully selected startup companies from 15 countries were given the chance to present their projects in four categories – digital solutions for the mass market, healthcare and biotech, industrial revolution and solutions for the big players. Bulgaria was represented by three innovative products – automated image recognition solution by Imagga, smart glasses that improves your sleep and minimizes jet lag by Novology, and Kuknall – a footboard that makes toilet experience healthier.
â€œIt was a challenge and at the same time great honor to pitch Imagga’s innovative technology in front of so many entrepreneurs, investors and journalists gathered together for such an inspiring and passionate startup event. Being able to stand on the very same arena famous for bullfighting actually raised the adrenalin and made the experience quite uniqueâ€, shares Georgi Kadrev, co-founder and CEO of Imagga.
Imagga is developing a technology for automated recognition of objects and concepts in digital pictures. The technology is used by companies who need to deal with huge volumes of user generated imagery. The technology behind the solution is based on machine learning using neural networks and is the result of committed work of Imaggaâ€™s 8 team members.
During the last three years pictures taken and shared in social networks surpass all the images taken during the whole history of photography. Huge amounts of photos are being shared or left on mobile phones to be forgotten just in 30 minutes. People never take time to properly categorize or tag their photo collections and this hinders the process of finding and using images in our constantly growing photo archives. Even last generation smartphones are not good enough when it comes to discovering photos of let say our pet we’ve taken 3 years ago during our summer vacation.
Imagga Image Tagging automatically ads tags to the pictures, with no human interaction whatsoever, so your picture feed is easy to use, and for business it ads the opportunity to monetize photos by bringing understanding what’s on the photos.
Imagga was founded in 2009 by Georgi Kadrev, Chris Georgiev, Pavel Andreev and Stavri Nikolov. Investors in the company are LAUNCHub and business angels based in Bulgaria and Silicon Valley. Imagga’s technology has been widely used for categorization and annotation of images for mobile applications, for social media analytics, in numerous creative campaigns for big retailers and multinationals.