NYU’s deep learning technology developer has pushed its overall funding to $100m in a series C round backed by the university.
Clarifai, a US-based deep learning technology producer spun out of New York University (NYU), has hauled in $60m through a series C round backed by the NYU Innovation Venture Fund.
Venture capital firm New Enterprise Associates (NEA) led the round, which also included Canada Pension Plan Investment Board’s CPP Investments vehicle, Menlo Ventures, Union Square Ventures, LDV Capital, Lux Capital, Corazon Capital, NextEquity Partners, SineWave Ventures and Trousdale Capital.
Founded in 2013, Clarifai has developed artificial intelligence technology that recognises and extracts items from image and video content. It will use the funding to expand its sales, marketing and engineering teams.
The round boosted the company’s total funding to $100m and follows a $30m Menlo Ventures-led series B round in 2016 that included spinout-focused venture firm Osage University Partners (OUP).
Semiconductor producer Qualcomm’s corporate venturing unit, Qualcomm Ventures, also backed the series B round, as did Union Square Ventures…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
