VC Daily : Is This VC Cycle Virtuous or Vicious? -2-

10/18/2021 | 09:12am

Clarifai Inc., a New York-based AI platform for unstructured image, video, text and audio data, closed a $60 million Series C round led by New Enterprise Associates. New investors CPP Investments, NextEquity Partners, SineWave Ventures and Trousdale Capital also participated in the funding, along with existing backers Menlo Ventures, Union Square Ventures, Lux Capital, LDV Capital, Corazon Capital and NYU Innovation Venture Fund. Andrew Schoen, partner at NEA, will join Clarifai's board.

Spot AI Inc., a Burlingame, Calif.-based video intelligence provider for businesses, launched with $22 million in Series A funding. Redpoint Ventures led the round, which included participation from Bessemer Venture Partners.

StudySmarter, a Munich-based edtech startup, added $16 million in Series A funding from Goodwater Capital, bringing the round total to $31 million. Owl Ventures, Left Lane Capital and Dieter von Holtzbrinck Ventures provided the initial $15 million tranche earlier this year.

Pagos, a startup whose technology provides payments data and insights to businesses, snagged $10 million in seed funding led by Underscore VC and Point72 Ventures.

Continuum, a Salt Lake City-based on-demand talent marketplace, was seeded with a $2.9 million investment. Uncork Capital led the round, which saw participation from Day One Ventures and others.

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Around the Web

Jack Dorsey's Square considers building a Bitcoin mining system (Bloomberg)

(END) Dow Jones Newswires

10-18-21 0911ET

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