V isual content analysis firm Coactive has raised USD 30 million in a Series B funding round. Cherryrock Capital is a first-time investor and co-led the round with Emerson Collective. Greycroft, Andreessen Horowitz, Bessemer Venture Partners, and Exceptional Capital also participated.
The funds will expand operations, development efforts, and its business reach.
Analyst QuickTake: Over the past year, Coactive's platform has reportedly seen widespread adoption by tech-enabled businesses ranging from Fortune 500 retailers to media and entertainment corporations to community platforms.
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