Total amount raised
$117 Millions
Latest funding date
3/1/2025
Location
Viam has successfully raised $30 million in its Series C funding round, attracting significant interest from investors like Battery Ventures and Neurone. The company is focused on integrating AI and automation into various business sectors, offering a platform that enhances existing systems and builds new ones quickly.
Keep reading to explore the intricacies of Viam's fundraising journey and the investors backing this innovative platform.
What Is Viam?
Founded in 2020, Viam is a New York-based robotics company that allows users to build, monitor, and manage smart machines via cloud-based management. The company aims to revolutionize software and hardware integration for various devices, including industrial robots, smart home appliances, and IoT devices.
Viam was founded by Eliot Horowitz, who has been instrumental in steering the company towards its mission of integrating data, AI, and automation into businesses. The platform leverages sensing, computing, and actuation capabilities to provide comprehensive solutions for a wide range of industries.
With a team of 101-250 employees, Viam continues to innovate and expand its offerings, making it easier for businesses to adopt cutting-edge technologies and enhance their operational efficiencies.
How Much Funding Has Viam Raised?
- Seed Round
- Amount Raised: $12M
- Date: June 2021
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Viam's platform and initial product offerings.
- Series A
- Amount Raised: $30M
- Date: April 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $45M
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: $30M
- Date: March 2025
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand globally and enhance AI-powered infrastructure.
Viam has raised a total of $117M. The current valuation is not publicly disclosed.
Key Investors
- Union Square Ventures
- Details: Union Square Ventures is a venture capital firm based in New York City. They are known for investing in early-stage, growth-stage, and later-stage companies.
- Investment Focus Areas: Internet services, mobile applications, technology-driven companies.
- Notable Investments: Twitter, Etsy, MongoDB.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies at all stages of their growth.
- Investment Focus Areas: Technology-driven companies, early and growth stages.
- Notable Investments: Nutanix, Coupa Software, Glassdoor.
- Neurone
- Details: Neurone is a European investment group with co-investors from prominent Italian industrial families and companies.
- Investment Focus Areas: Industrial sectors, technology advancements.
- Notable Investments: Involvement with Italian industrial leaders such as Ferrari, Camozzi, Pasubio.
- Union Square Ventures
- Details: Union Square Ventures is a venture capital firm that has been backing Viam since its inception.
- Investment Focus Areas: Early-stage, growth-stage, later-stage investments in technology companies.
- Notable Investments: Twitter, Etsy, MongoDB.
What's Next for Viam?
Viam's future looks promising as it continues to bridge AI and the physical world. The platform's potential spans various sectors, including robotics, marine technology, and industrial automation. With partnerships like those with the New York Islanders and UBS Arena, the opportunities for growth are vast. The company aims to expand its customer base and enhance its technology, particularly in Europe.
Future fundraising seems likely as Viam scales its operations and enters new markets. However, challenges such as standing out in a crowded AI space and ensuring effective collaboration between hardware and software teams remain. Navigating these hurdles will be crucial for Viam's sustained success.
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