Nutter represented Netra, Inc., a leader in Visual Intelligence and Search, when it closed $1.85 million in Series Seed financing led by Launchpad Venture Group and NXT Ventures with participation from Zelkova Ventures, Mark Cuban, Berwind LLC, and other prominent angels. Alex Glovsky, partner and co-chair of Nutter’s Emerging Companies Group, and Josh Gray, an associate in the firm’s Business Department, advised Netra on the transaction.
This round brings total funding for Netra to $2.45 million, which will be used to accelerate team growth, product development, and sales. Netra’s solution helps make sense of the deluge of photos and videos posted online to gain a deeper understanding of consumer preferences and engagement points, and help drive visual discovery. The technology was developed from research at MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) and leverages computer vision, deep learning, and search. More information is available here.
Nutter’s Emerging Companies Group provides early stage companies the strategic legal counsel, contacts, and expertise that help clear the path to success. The firm’s business lawyers advise on a wide range of issues, including licensing, distribution, e-business, venture capital, and strategic partnering. Nutter’s intellectual property lawyers provide the legal and scientific depth necessary to secure and defend the patents, trademarks, and other rights that are essential to the future of emerging companies, regardless of the technological sphere. In addition, entrepreneurs frequently engage Nutter in the areas of labor/management relations, litigation, environmental counseling and permitting, debt and lease financing, and specialized estate planning for founders.