Retail Automation Platform Provider Vue.ai Raises $17 Million in Latest Round

Vue.ai, which describes itself as a “platform for intelligent retail automation,” said it raised $17 million in a Series B funding round led by Falcon Edge Capital along with Sequoia Capital India and Global Brain, which is a GP of KDDI Innovation Fund. The latest round of funding brings Vue.ai’s total of capital raised to $27.5 million. Vue.ai was founded three years ago by Ashwini Asokan and Anand Chandrasekaran as the first artificial intelligence brand from parent company Mad Street Den. The founders said they’ve built a team at Vue.ai that is “comprised of neuroscientists and AI experts from IBM, Intel and DARPA,” and serves retailers in the U.S. and the U.K. as well as in India, the Middle East and Latin America. With this round of funding, the company has set its sights of further build its team and expand its business. “After experiencing a 200 percent annual revenue increase, the funds will be used to grow the team, deliver on the product roadmap and scale the company’s existing customer base that already includes leading retailers from across the globe like Macy’s, Mercado Libre and Tata,” the company said in a statement. Vue.ai’s growth trajectory aligns with massive investments in AI being made

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