Total amount raised
$193.4 Millions
Latest funding date
7/1/2024
Location
Hayden AI has successfully raised $90 million in a Series C funding round, attracting a diverse group of 23 investors, including The Rise Fund and Autotech Ventures. The company offers an AI-powered mobile perception platform designed to address urban challenges, particularly in traffic enforcement.
Keep reading to explore the intricacies of Hayden AI's fundraising journey and the investors backing this innovative platform.
What Is Hayden AI?
Founded in 2019, Hayden AI is based in San Francisco, California. The company was established by Bo Shen, Chris Carson, Michael Byrne, and Vaibhav Ghadiok.
Hayden AI specializes in AI-powered solutions for urban problem-solving, offering a mobile perception platform that extends beyond automated traffic enforcement. Their technology focuses on enhancing safety and performance in transit systems.
With a team of 101-250 employees, Hayden AI continues to innovate in the fields of geospatial analytics, transit management, and technology services.
How Much Funding Has Hayden AI Raised?
- Pre-Seed Round
- Amount Raised: $800K
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop the core technology.
- Seed Round
- Amount Raised: $5M
- Date: April 2020
- Lead Investors: Autotech Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Convertible Note
- Amount Raised: $4.5M
- Date: March 2021
- Lead Investors: BootstrapLabs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing R&D and market expansion.
- Series A
- Amount Raised: $20M
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Convertible Note
- Amount Raised: $20M
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund further technological advancements and market penetration.
- Series B
- Amount Raised: $53M
- Date: January 2023
- Lead Investors: The Drawdown Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance product offerings.
- Series B
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Alumni Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and improving the platform.
- Grant
- Amount Raised: €100K
- Date: July 2024
- Lead Investors: Barcelona Innova Lab Mobility
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support specific urban mobility projects in Barcelona.
- Series C
- Amount Raised: $90M
- Date: July 2024
- Lead Investors: The Rise Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate research, development, and growth, and to explore new applications for their platform.
Hayden AI has raised a total of $193.3 million. The current valuation is not publicly disclosed.
Key Investors
- The Rise Fund
- Details: The Rise Fund is a multi-sector strategy of TPG’s global impact investing platform, founded in 2016 by TPG in partnership with Bono and Jeff Skoll. It focuses on achieving the United Nations' Sustainable Development Goals.
- Investment Focus Areas: Climate and conservation, education, food and agriculture, financial inclusion, healthcare, impact services.
- Notable Investments: Not publicly disclosed.
- Autotech Ventures
- Details: Autotech Ventures is a venture capital firm that invests in early-stage transportation technology companies. They focus on startups that are transforming the future of transportation.
- Investment Focus Areas: Autonomous vehicles, connected cars, mobility services.
- Notable Investments: Lyft, Outdoorsy, Volta Charging.
- Barcelona Innova Lab Mobility
- Details: Barcelona Innova Lab Mobility is an initiative focused on urban mobility solutions and smart city technologies. They support startups that aim to improve urban infrastructure and mobility.
- Investment Focus Areas: Urban mobility solutions, smart city technologies.
- Notable Investments: Focuses on startups that improve urban mobility and infrastructure.
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that invests in diverse sectors, leveraging the power of alumni networks. They support high-growth startups across various industries.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: SpaceX, Airbnb, Palantir.
- The Drawdown Fund
- Details: The Drawdown Fund focuses on climate solutions and sustainability. They invest in companies that aim to reduce carbon emissions and promote environmental sustainability.
- Investment Focus Areas: Climate solutions, sustainability.
- Notable Investments: Not publicly disclosed.
What's Next for Hayden AI?
Hayden AI stands at the cusp of significant growth opportunities, driven by the burgeoning $748 billion smart city market. Their vision AI platform, already making waves in cities like New York, is poised to expand both domestically and internationally. The company aims to evolve its technology into a comprehensive urban operating system, offering new applications in traffic congestion detection and city asset monitoring.
Future fundraising appears promising, with the recent $90 million Series C round led by The Rise Fund setting a strong precedent. Continued investor interest, particularly from impact-focused funds, could fuel further rounds to support long-term development and market expansion. However, Hayden AI will need to navigate regulatory challenges, ensure data privacy, and maintain the accuracy of its AI systems to sustain its growth trajectory.
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