Clarifai, the leading AI platform for unstructured image, video, text, and audio data, announced that it closed a $60 million Series C funding round. This funding 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. Andrew Schoen, Partner at NEA, will join the Board. The amount raised brings the company’s total funding to $100 million and will be used to expand its sales, marketing, and engineering teams.
Clarifai’s deep learning AI platform accelerates model development for developers, business operators, and data scientists at the world’s largest organizations by automating every step of the AI lifecycle. Clarifai has expanded significantly beyond Computer Vision and launched essential new capabilities for Natural Language Processing, Audio Recognition, and multiple new products, including Spacetime Search, Scribe Automated Data Labeling, and Flare Edge AI since the company’s Series B in 2016. Scribe was launched last year and enables developers to use AI to automatically label data, which can then be trained at the click of a button using Clarifai’s collection of state-of-the-art model architectures. Most recently, Clarifai started working with customers to deploy its Edge AI capabilities, where AI is layered on top of data streams using different kinds of local hardware ranging from high-power server systems to low-powered devices like camera sensors and drones.
Read the full press release here.