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Coactive raises USD 30 million in Series B funding to expand operations
Generative AI Applications
May 21, 2024
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May 21, 2024

Coactive raises USD 30 million in Series B funding to expand operations

Funding

  • 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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