Cyvl.ai raised $6M in a funding round led by Companyon Ventures to improve transportation infrastructure with data-driven solutions using sensors and data analytics.
Mar 27, 2024•over 1 year ago
Amount Raised
$6 Million
Investors
River Park VenturesLaunch CapitalMass VenturesAlumni VenturesAero X VenturesArgon VenturesCompanyon Ventures
Description
Cyvl.ai, a Boston-area startup, announced a $6-million investment led by Companyon Ventures along with participation from Argon Ventures, AeroX Ventures, and Alumni Ventures. Existing investors MassVentures, Launch Capital, and RiverPark Ventures also participated in the round, bringing the total funding raised to $10 million.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers