Clarifai Raises $60 Million in Series C   

by Kay Aloha Villamor in October 18th, 2021

Clarifai, a Wilmington, Delaware-based leading AI platform for unstructured image, video, text, and audio data, closed a $60 million Series C funding round to fuels international expansion, growth of its AI community, and development of new AI innovations.

The round was led by New Enterprise Associates (NEA), with participation from existing investors Menlo Ventures, Union Square Ventures, Lux Capital, LDV Capital, Corazon Capital, NYU Innovation Venture Fund, and new investors CPP Investments, NextEquity Partners, SineWave Ventures, and Trousdale Capital.

The amount raised brings the company's total funding to $100 million and will be used to expand its sales, marketing, and engineering teams.

Company: Clarifai Inc.

Raised: $60.0M

Round: Series C

Funding Month: October 2021

Lead Investors: New Enterprise Associates (NEA)

Additional Investors: Menlo Ventures, Union Square Ventures, Lux Capital, LDV Capital, Corazon Capital, NYU Innovation Venture Fund, and new investors CPP Investments, NextEquity Partners, SineWave Ventures, and Trousdale Capital

Company Website: https://clarifai.com/

Software Category: AI platform for unstructured image, video, text, and audio data

About the Company: Clarifai offers a leading computer vision, NLP, and deep learning AI lifecycle platform for modeling unstructured image, video, text, and audio data. It helps both public sector and enterprise customers solve complex use cases through object classification, detection, tracking, geolocation, visual search, and natural language processing. Clarifai offers on-premise, cloud, bare-metal, and classified deployments. Founded in 2013 by Matt Zeiler, Ph.D., Clarifai has been a market leader in AI since winning the top five places in image classification at the 2013 ImageNet Challenge. In 2019, Clarifai was named a leader in Forrester's New Wave Computer Vision Platforms report, the only startup to receive a differentiated rating. Clarifai is headquartered in New York City with more than 100 employees and offices in New York City, San Francisco, Washington, D.C., and Tallinn, Estonia. 

Source: https://www.newswire.ca/news-releases/clarifai-raises-60m-in-series-c-funding-to-bring-ai-to-developers-everywhere-898365840.html



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