Total amount raised
$99.7 Million
Latest funding date
11/1/2024
Location
Roboflow has successfully raised funds through six different funding rounds, with the most recent being a Series B round led by Google Ventures. The company is backed by a total of 26 investors, including notable names like Amjad Masad and Guillermo Rauch.
Keep reading to explore the intricacies of Roboflow's fundraising journey and the investors backing this innovative platform.
What Is Roboflow?
Roboflow is a company specializing in tools for building and deploying computer vision applications. Operating in the fields of Artificial Intelligence, Computer Vision, and Developer Tools, Roboflow aims to make the development of computer vision models faster and more accurate.
Founded in a remote location in Oregon, United States, Roboflow has a small team of 11-50 employees. The company serves a wide range of industries and is trusted by over 16,000 organizations. Their platform includes features for data annotation, model training, and deployment, emphasizing ease of use and integration with various tools.
How Much Funding Has Roboflow Raised?
- Series B
- Amount Raised: USD 40,000,000
- Date: November 2024
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and development of Roboflow's computer vision tools and expand its market presence.
- Series B
- Amount Raised: USD 37,489,994
- Date: August 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop Roboflow's technology and expand its user base.
- Series A
- Amount Raised: USD 20,000,000
- Date: September 2021
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue democratizing computer vision technology and make it accessible to every developer.
- Seed
- Amount Raised: USD 2,100,000
- Date: January 2021
- Lead Investors: Craft Ventures, Lachy Groom
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Roboflow's computer vision tools and services.
- Grant
- Amount Raised: USD 15,000
- Date: October 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide initial funding for the development of Roboflow's technology.
- Seed
- Amount Raised: USD 125,000
- Date: August 2020
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a foundation for Roboflow's mission to democratize computer vision.
Total Amount Raised: USD 99,724,994. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, life sciences, artificial intelligence, robotics
- Notable Investments: Uber, Slack, Nest
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that invests in early-stage and growth-stage companies. It focuses on technology-driven businesses.
- Investment Focus Areas: Software, internet, consumer sectors
- Notable Investments: Bird, Reddit, SpaceX
- Lachy Groom
- Details: Lachy Groom is an angel investor and former executive at Stripe. He invests in early-stage technology companies.
- Investment Focus Areas: Software, internet, early-stage technology
- Notable Investments: Figma, Notion, Rippling
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding, advice, and connections to early-stage startups. It has funded many successful companies.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Airbnb, Dropbox, Stripe
What's Next for Roboflow?
Roboflow stands at the cusp of significant growth, driven by the increasing adoption of computer vision technology across various industries. With the launch of "Roboflow Universe," the company is poised to expand its user base and provide tools that make high-quality computer vision models accessible to all developers. This platform has already attracted over 50,000 developers and enterprises, including employees of over half of the Fortune 100, showcasing its vast potential.
Future fundraising opportunities seem promising as Roboflow continues to scale its operations and enhance its offerings. The recent $20 million Series A funding round led by Craft Ventures indicates strong investor confidence, suggesting that additional rounds could follow to support further expansion. However, the company will need to navigate challenges such as maintaining the accessibility of its technology for non-experts and competing in a rapidly evolving market.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Roboflow and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
