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Coactive Systems raised $30M in a Series B funding round co-led by Emerson Collective and Cherryrock Capital

May 22, 2024•about 1 year ago

Amount Raised

$30 Million

Round Type

series b

San JoseMachine LearningArtificial Intelligence

Investors

Andreessen HorowitzGreycroftBessemer Venture PartnersCherryrock CapitalEmerson Collective

Description

Coactive Systems, a San Jose, CA-based AI platform, raised $30M in Series B funding with co-leaders Emerson Collective and Cherryrock Capital, along with participation from Bessemer Venture Partners, Greycroft, and previous investor Andreessen Horowitz. The funding will be used for expanding operations, development efforts, and business reach.

Company Information

Company

Coactive AI

Location

San Jose, California, United States

About

At Coactive AI, we are empowering data practitioners and data-driven teams to unlock insights in unstructured image and video data. This visual data increasingly captures everyday life from our online experiences on e-commerce sites and social media to guiding the cars we drive and monitoring the plants we eat. By 2021, unstructured visual data will be more than 82% of all internet traffic. We make this unstructured visual data useful by bringing it into the world of SQL and the big data tools that teams already love.

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

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