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Mad Street Den Raises $30M In Series C As It Establishes Itself As A Leader Ushering In Ai Transformation For Large Enterprises

Jan 17, 2023almost 3 years ago

Amount Raised

$30 Million

Round Type

series c

Redwood CityOther

Investors

Falcon EdgeSequoia CapitalAvatar Growth Capital

Description

Mad Street Den, a leader in Enterprise AI, today announced a fresh round of Series C funding led by Avatar Growth Capital, with participation from existing investors Sequoia Capital and Falcon Edge. The investment will enable Mad Street Den to expand its artificial intelligence offerings across industries.

Company Information

Company

Mad Street Den

Location

203 Redwood Shores Parkway

Redwood City, California, United States

About

Mad Street Den® is a computer vision and artificial intelligence company, founded with a mission to make people all over the globe, A.I natives. The team’s mission is to build models of generalizable intelligence and create actionable ways to contextualize AI on scale, helping millions of people across the globe to become A.I native. The company’s first vertical, under its flagship brand, Vue.ai®, aims to bring this mission into the retail industry. The image and video recognition platform transforms traditional stores and online retail businesses with intelligent retail automation. Vue.ai® has succeeded in becoming one of the most well-known, value-driven retail A.I firms within the industry in a short span of 3 years. With the accelerated growth of its first vertical, the firm has now begun its expansion into other verticals including healthcare, education, finance, and more, inching closer to it’s bigger mission. Mad Street Den is funded by marquee investors, including Sequoia Capital and Falcon Edge Capital. With about $30M in funding and a star-studded AI team, we’re now looking to grow our organization across the globe rapidly and are hiring for the following positions. The company has over 220+ employees across the US, Japan, and India - and we’re still growing!

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech