Hayden AI, a San Francisco, CA-based company specializing in artificial intelligence and geospatial analytics, closed a $53 million Series B funding round.
SaaS Investors
The oversubscribed round was led by the Drawdown Fund.
Drawdown Fund is a growth equity firm focused on supporting companies and products addressing major drivers of climate change. Headquartered in Park City, Utah, the firm prefers to invest in agriculture, energy, and sustainable cities.
Hayden AI Use of Funds
With this funding, Hayden AI plans to expand globally.
About Hayden AI
Hayden AI is an artificial intelligence technology company and smart city solutions provider. The company’s platform offers data-driven intelligence applications that assist governments and businesses in solving real-world problems. Their proprietary hardware can be installed on various types of commercial, fleet, or passenger vehicles to support government agencies in enforcing traffic violations, optimizing operations, and improving road safety. Its mission is to revolutionize the way cities around the world deliver safer, smarter, and more sustainable mobility and public services.
Funding Details
Company: Hayden AI Technologies, Inc.
Raised: $53.0M
Round: Series B
Funding Month: October 2023
Lead Investors: Drawdown Fund
Additional Investors:
Company Website: https://www.hayden.ai/
Software Category: Smart City Software
Source: https://www.businesswire.com/news/home/20231018115406/en/Hayden-AI-Closes-on-53-Million-Series-B