Hayden AI, a San Francisco, CA-based provider of vision AI solutions for smart cities, has raised $90 million in Series C funding.
Investors
The round was led by The Rise Fund and supported by existing investors such as the Drawdown Fund and Autotech Ventures, among others.
Founded in 2016 The Rise Fund is a multi-sector strategy of TPG’s global impact investing platform. With about $19 billion in assets, TPG Rise invests in mission-driven companies targeting the UN's Sustainable Development Goals across various sectors like climate, education, and healthcare.
Hayden AI Use of Funds
The company will use the funding to accelerate its research, development, and growth.
About Hayden AI
Hayden AI is an AI technology and smart city solutions provider. Its platform leverages advanced geospatial data collection sensor systems to provide comprehensive intelligence that assists cities in improving public safety, operational performance, and sustainability. The platform is versatile and can be mounted on various vehicle types, enabling cities to detect and enforce parking and moving violations, predict traffic congestion, monitor city assets, and optimize transportation networks. Hayden AI’s solutions are trusted by major transit agencies and municipalities, including New York's MTA, Washington DC's Metro, Los Angeles Metro, and East Bay's AC Transit.
Funding Details
Company: Hayden AI Technologies, Inc.
Raised: $90.0M
Round: Series C
Funding Month: July 2024
Lead Investors: The Rise Fund
Additional Investors: Drawdown Fund, Autotech Ventures
Company Website: https://www.hayden.ai/
Software Category: Vision AI Solutions
Source: https://www.businesswire.com/news/home/20240710816434/en/