Mad Street Den Secures $17 Mn For Its Retail Automation Platform Vue.ai
24 April 2019 10:50 AM GMT
Talking to Inc42, cofounder and CEO Ashwini Asokan said that the funds will be used to grow the team and deliver on the product roadmap
- Computer vision and artificial intelligence startup Mad Street Den has raised $17 Mn in a Series B funding round for its retail automation product Vue.ai.
- The funding round has been led by Falcon Edge Capital, along with the participation of Mad Street Den's existing investors Sequoia Capital India and Global Brain (a GP of KDDI Innovation Fund).
- Further, the funds will help the company scale its existing customer base which already includes leading retailers from across the globe such as Macy's, MercadoLibre and Indian conglomerate Tata.
- Mad Street Den was founded in 2013 by Ashwini Asokan and her husband Anand Chandrasekaran and was registered in the US in 2016 as Mad Street Den Inc.