Black.ai, a Melbourne, Australia-based Computer vision software startup, raised $5.4 million in Seed+ funding, bringing Black.ai's total raised to $8.55 million.
The round was led by Jelix Ventures, with support from Right Click Capital and several angel investors.
Black.ai will use the funds to double its local headcount, expands its industry reach, and build out its insights-driven infrastructure.
Funding Month: June 2022
Lead Investors: Jelix Ventures
Additional Investors: Right Click Capital
Company Website: https://black.ai/
Software Category: Computer Vision Software
About the Company: Founded in 2016 by Keaton Okkonen and Karthik Naarayanan, Black.ai is an automated computer vision software that enables users to better understand their physical environments and the complex interactions that happen within them. The startup’s computer vision software and privacy-first modeling algorithms create highly granular datasets using non-identifying information so organizations can automatically and instantly improve the management and planning of their environmental needs. Currently building advanced systems that utilize computer vision and high-performance data organization and association to enable human behaviors to be searchable through software.