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Home / Tips and Tricks / Augmented Reality Start Phiar Paves Path to $ 3 Million in Seed Financing for AI-Driven Navigation Solution «Mobile AR News :: Next Reality

Augmented Reality Start Phiar Paves Path to $ 3 Million in Seed Financing for AI-Driven Navigation Solution «Mobile AR News :: Next Reality



Another contestant has arrived in the competition to deliver a commonly-upgraded real-life car navigation system, with Silicon Valley-based Phiar, picking up $ 3 million in seed funding to launch its own artificial intelligence-based mobile app in mid 2019. [19659002] Venture Reality (VR) and Norwest Venture Partners led the seed financing round with Anorak Ventures, Mayfield Fund, Zeno Ventures, Cross Culture Ventures, GFR Fund, Y Combinator, Innolinks Ventures and Half-Court Ventures. [19659003] Augmented Reality Start Phiar Paves Path to $ 3 million in seed financing for AI-driven navigation solution "width =" 480 "height =" 480 "style =" max-width: 532px; height: auto; "/>

Image via Phiar

"AI-driven immersive and space technology becomes common," said Marco DeMiroz, general partner of the VR Foundation, founded by the NR30 member Tipatat Chennavasin. "Phier's breakthrough deep learning technology and AR navigation app not only give value to users, but also an example of the kind of incredible potential in AI and AR. "

Phier's technology uses deep learning and data view to segment the camera view on smartphones, so that the app identifies roads, cars, pedestrians and other objects and provides prompting in camera shake with precision. Through a standard smartphone camera sensor, Phier's neural network offers device computation, resulting in faster performance than cloud-based solutions.