Hayden AI Technologies, Inc., a San Francisco, CA-based company which specializes in vision AI solutions for smart cities, raised $90M in Series C funding.
The round was led by The Rise Fund, with participation from Drawdown Fund and Autotech Ventures, among others.
The company intends to use the funds to accelerate its research, development and growth.
Led by CEO and Founder Chris Carson, Hayden AI provides a vision AI platform that utilizes geospatial data collection sensor systems to create an urban operating system, giving cities actionable insights and situational awareness to improve sustainability, traffic safety, and accessibility. The platform can be mounted on virtually any vehicle type – providing a level of insight and situational awareness that cities can use to make better decisions to achieve both their operational and sustainability goals.
It is used by some of the nation’s largest cities and transit agencies, including New York’s MTA, Washington DC’s Metro, Los Angeles Metro, the East Bay’s AC Transit, and others, to detect and enforce parking and moving violations that obstruct public transportation and road safety.
Commenting on the news, Chris Carson said: “This new financing lets us invest in long-term technology development to explore new applications for our platform. TPG’s The Rise Fund has a long track record of successfully scaling socially impactful companies across the technology and climate sectors and we are thrilled to partner with them to continue to empower cities to transform sustainability, road safety, and accessibility.”
FinSMEs
10/07/2024