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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.
Amount Raised
$8 Million
Round Type
Seed
Investors
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.
Fundz sees it the moment Memories.ai raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Memories.ai 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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