Intelligent Retail Platform Vue.ai Raises $17 Mn from Falcon Edge, Sequoia India and Global Brain
24 April 2019 12:06 PM GMT
Mad Street Den, the maker of Vue.ai, a platform for intelligent retail automation, today announced it has raised a $17 million Series B led by Falcon Edge
- Mad Street Den, the maker of Vue.ai, a platform for intelligent retail automation, today announced it has raised a $17 million Series B led by Falcon Edge Capital, with participation from Sequoia Capital India and Global Brain, a GP of KDDI Innovation Fund.
- The new round brings the company's total capital raised to $27.5 million.
- After experiencing a fourfold annual revenue increase, the funds will be used to grow the team, deliver on the product roadmap and scale the company's existing customer base that already includes leading retailers from across the globe like Macy's, Mercadolibre and Tata.
- The funds have been routed through KIDDI's investment arm, KDDI Open Innovation Fund 2, managed by Global Brain.
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