Total amount raised
$100 Million
Latest funding date
10/1/2021
Location
Clarifai has successfully raised funding through three rounds, with the most recent being a Series C round involving 11 investors, including New Enterprise Associates as a lead investor. The company is backed by a total of 18 investors, with notable names such as Corazon Capital and Numeta Capital.
Keep reading to explore the intricacies of Clarifai's fundraising journey and the investors backing this innovative AI platform.
What Is Clarifai?
Clarifai is a private company based in Fort Lee, New Jersey, specializing in Artificial Intelligence (AI) and Machine Learning (ML). The company supports the full AI development lifecycle, including dataset preparation, model training, and deployment.
Operating in industries such as Computer Vision, Data Collection and Labeling, and Natural Language Processing, Clarifai has an employee count ranging from 101 to 250. The company is currently in the Series C funding stage.
How Much Funding Has Clarifai Raised?
- Series A
- Amount Raised: USD 10,000,000
- Date: April 2015
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the team.
- Series B
- Amount Raised: USD 30,000,000
- Date: October 2016
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and scale operations.
- Series C
- Amount Raised: USD 60,000,000
- Date: October 2021
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand sales, marketing, and engineering teams, and fuel international expansion.
Total Amount Raised: USD 100,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies at all stages of growth. Andrew Schoen, a partner at NEA, joined Clarifai's board following their Series C investment.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: Robinhood, Coursera, Uber
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that provides capital for seed through growth technology companies in the consumer and enterprise sectors. They participated in Clarifai's Series B and Series C funding rounds.
- Investment Focus Areas: Consumer technology, enterprise technology
- Notable Investments: Uber, Roku, Warby Parker
- Union Square Ventures
- Details: Union Square Ventures is a venture capital firm that invests in internet services that create large networks. They were a lead investor in Clarifai's Series A funding round.
- Investment Focus Areas: Internet services, network-based businesses
- Notable Investments: Twitter, Etsy, Coinbase
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. They participated in Clarifai's Series C funding round.
- Investment Focus Areas: Emerging science, technology
- Notable Investments: Zoox, Auris Health, Kallyope
- LDV Capital
- Details: LDV Capital is a venture capital firm focused on investing in people building visual technology businesses. They participated in Clarifai's Series C funding round.
- Investment Focus Areas: Visual technology
- Notable Investments: Mapillary, Clarifai, Focal Systems
What's Next for Clarifai?
Clarifai stands at the cusp of significant growth opportunities, driven by its recent $60 million Series C funding. The company plans to expand its sales, marketing, and engineering teams, and enhance its AI capabilities in natural language processing and audio recognition. With over 130,000 global users, Clarifai aims to make AI accessible to the world's 50 million developers, positioning itself as a leader in the AI industry.
Future fundraising opportunities seem promising, given the involvement of high-profile investors and the company's ambitious expansion plans. As Clarifai continues to innovate and grow, it may attract further investment to support its international expansion and development of new AI products.
However, the path ahead is not without challenges. Clarifai will need to navigate intense competition from other AI platforms, ensure continuous innovation, and address potential regulatory and ethical issues associated with AI deployment. Balancing rapid growth with maintaining quality and user-friendliness will be crucial for the company's sustained success.
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