Total amount raised
$100 Millions
Latest funding date
October, 2021
Location
Clarifai has successfully raised significant capital through multiple funding rounds, with the latest being a Series C round closed on October 15, 2021. The company has attracted a diverse group of investors, including Corazon Capital and Numeta Capital, among others.
To delve deeper into Clarifai's funding journey and the strategic investors backing this AI-driven platform, continue reading.
What Is Clarifai?
Clarifai, founded in 2013 by Matthew Zeiler, Ph.D., is headquartered in Fort Lee, New Jersey. The company specializes in AI-driven solutions for computer vision, natural language processing, and audio recognition.
With a team of 101-250 employees, Clarifai offers a comprehensive platform that supports the entire AI development lifecycle, from dataset preparation to model deployment. Their tools enable organizations to transform unstructured data into structured data efficiently.
Clarifai's platform is designed to handle various environments, including cloud, on-prem, hybrid, and edge, making it a versatile choice for businesses looking to leverage AI technology.
How Much Funding Has Clarifai Raised?
- Series A
- Amount Raised: $10M
- Date: April 2015
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and market expansion.
- Series B
- Amount Raised: $30M
- Date: October 2016
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series C
- Amount Raised: $60M
- 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: $100M. 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 as part of the Series C funding round.
- Investment Focus Areas: Technology, healthcare, consumer services
- 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 have been an investor in Clarifai since the Series B round.
- Investment Focus Areas: Consumer, enterprise, healthcare
- Notable Investments: Uber, Roku, Warby Parker
- Union Square Ventures
- Details: Union Square Ventures is a venture capital firm known for investing in internet services that create large networks. They have been involved with Clarifai since the Series A round.
- Investment Focus Areas: Internet services, mobile, SaaS
- 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, AI
- Notable Investments: Zoox, Shapeways, Planet Labs
- LDV Capital
- Details: LDV Capital is a venture capital firm focused on investing in people building visual technology businesses. They have been an investor in Clarifai since the Series C round.
- Investment Focus Areas: Visual technologies, computer vision, AI
- Notable Investments: Mapillary, Focal Systems, BuzzFeed
What's Next for Clarifai?
Clarifai stands at the cusp of significant growth, driven by the expansion of its sales, marketing, and engineering teams. The company aims to enhance its AI capabilities, including Natural Language Processing and Audio Recognition, and introduce new products like Spacetime Search and Flare Edge AI. With over 130,000 global users, the potential to reach 50 million developers worldwide presents a vast opportunity.
Future fundraising seems promising, given the strong backing from high-profile investors and the addition of Andrew Schoen from NEA to the board. However, Clarifai will need to navigate challenges such as competition from other AI platforms, rapid technological advancements, and potential regulatory hurdles related to AI and data privacy.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Clarifai and gather other critical business insights.
Sign up for free on Clay and start transforming your sales strategy today.
