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Memories.ai secures $8 million in seed funding led by Susa Ventures to enhance its AI platform for analyzing vast video footage.

Jul 24, 20255 months ago

Amount Raised

$8 Million

Round Type

seed

San Franciscoinformation technology & servicesInformation TechnologyMachine LearningVideoArtificial IntelligenceAnalytics

Investors

Creator VenturesSeedcampCrane VenturesFusion FundSamsung NextSusa Ventures

Description

Memories.ai has raised $8 million in a seed funding round led by Susa Ventures, with participation from Samsung Next, Fusion Fund, Crane Ventures, Seedcamp, and Creator Ventures. The funding will support the development of its AI platform capable of processing up to 10 million hours of video. The company aims to provide a better contextual understanding of video data. Initial goals were set at $4 million, but demand exceeded expectations.

Company Information

Company

Memories.ai

Location

San Francisco, California, United States

About

Memories.ai is a video AI startup that provides a platform capable of processing up to 10 million hours of video. The company focuses on delivering advanced contextual analysis by allowing users to search, index, tag, and aggregate video content. Founded by experts with experience at Meta, it aims to solve limitations in current AI models regarding video context understanding. Memories.ai targets marketing and security companies that require efficient analysis of large volumes of footage.

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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