The company, which was launched in Istanbul in 2018, now co-headquartered in New York, had previously announced a $25 million Series A funding round in 2021 that valued the company at just under $100 million. The latest funding round comes amid a surge in venture capital funding for AI and machine learning companies, with more than $32 billion invested this year.
Key takeaways:
- AI startup Intenseye is raising new funding in a Series B round led by Lightspeed Venture Partners, which is expected to triple the company's valuation to approximately $300 million.
- Intenseye uses artificial intelligence to analyze workplace images and videos to identify safety issues, with major customers including Coca-Cola and British textile conglomerate Coats.
- The company was launched in Istanbul in 2018 and is now co-headquartered in New York. It appeared on the Forbes AI 50 list in 2022.
- Intenseye's latest funding round comes amid a surge in venture capital funding for AI and machine learning companies, with more than $32 billion invested this year, including Microsoft’s $10 billion investment in OpenAI.