Fundz

Everseen Raises Over $70M For Ai Tech To Spot Potential Retail Theft

PRIVATEMay 11, 2023

Amount Raised

$70 Million

Round Type

Funding Round

CorkSoftwareArtificial IntelligenceMachine Learning

Investors

Crosspoint Capital Partners

Description

In 2007, Alan O’Herlihy, who previously worked with large SAP installations as well as retail, set out to find a way to help retailers minimize “shrinkage,” or where a store has fewer items in stock than in its recorded inventory. He settled on computer vision as the solution to the problem, and founded a company, Everseen, to commercialize the technology.

Quick answer

Everseen raised $70 Million in a Funding Round round, dated May 11, 2023. Investors: Crosspoint Capital Partners. Everseen is based in Cork, Cork, Ireland.

How much did Everseen raise?
Everseen raised $70 Million in a Funding Round round on May 11, 2023.
Who invested in Everseen?
Crosspoint Capital Partners is named as investors in this round.
What does Everseen do?
The world's leading retailers trust and rely on Everseen's Visual AI™ solutions to improve their bottom line by minimizing shrink, streamlining operations, and helping to deliver a better customer experience.
Where is Everseen based and how big is it?
Everseen is based in Cork, Cork, Ireland.
Who are the decision-makers at Everseen?
Fundz holds 1 contact at Everseen. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as Everseen that raised within 45 days of this round, from Fundz verified event records.

  • Cyware raised $28M on June 21, 2023.
  • Parrot AI raised $11M (Series A) on June 20, 2023.
  • Glyphic AI raised $5.5M (Funding Round) on June 14, 2023.
  • Precedent raised $9M (Seed) on June 14, 2023.
  • Meshcapade raised $6M (Funding Round) on June 14, 2023.
  • EdgeTier raised $6.5M (Series A) on June 13, 2023.

Who to call at Everseen, and when

A new round usually means Everseen is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Everseen raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Everseen, from your own LinkedIn network

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Company Information

Company

Everseen

Location

Cork, Cork, Ireland

About

The world's leading retailers trust and rely on Everseen's Visual AI™ solutions to improve their bottom line by minimizing shrink, streamlining operations, and helping to deliver a better customer experience. As technology innovators, our best-in-class AI and computer vision delivers unmatched value at global scale. Whether it's at checkout lanes, in aisles, or at the receiving door, Everseen helps retailers see the unseen.

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Fundz sees it the moment Everseen raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Everseen raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.