Unitary, a London, UK-based AI-powered visual moderation company, secured $15 million in Series A funding.
SaaS Investors
The round was led by Creandum, with participation from Paladin Capital Group and Plural.
Founded in 2003, Creandum is a venture capital firm based in Stockholm, Sweden. The firm seeks to invest in technology companies operating in B2B payments, SaaS, blockchain, cryptocurrency, augmented reality, big data, cybersecurity, mobile, artificial intelligence & machine learning sectors across Europe.
Unitary Use of Funds
The company will use this investment to bolster its research and development programs, scale its team, and forge deep partnerships with the world's leading social platforms and brand safety organizations.
About Unitary
Founded by Sasha Haco and James Thewlis, Unitary specializes in video moderation, incorporating visual, audio, and textual signals into a single algorithm. It uses machine learning to enable safe, transparent, and positive online experiences by interpreting content in context. Unitary's technology combines the latest advances in computer vision with natural language processing techniques. The company has expanded its offerings to multiple languages, doubling its team's size and tripling its daily video classification rate from two to six million videos per day.
Funding Details
Company: Unitary Ltd
Raised: $15.0M
Round: Series A
Funding Month: October 2023
Lead Investors: Creandum
Additional Investors: Paladin Capital Group and Plural
Company Website: https://www.unitary.ai/
Software Category: AI-powered Visual Moderation
Source: https://tech.eu/2023/10/03/unitary-secures-series-a-funding-to-enhance-online-safety/