- Computer vision AI platform Chooch.ai announced it has raised a $20 million Series A round of funding. These are the details.
Computer vision AI platform Chooch.ai announced it has raised a $20 million Series A round of funding. This funding round was led by Vickers Venture Partners with additional institutional funding from 212, Streamlined Ventures, Alumni Ventures Group, Waterman Ventures, and several others.
Chooch is known for replicating human visual tasks and processes using a complete computer vision deployment process across a wide variety of industries. And the proprietary technology has been deployed at scale for enterprise applications including geospatial, healthcare, security, media, industrial and retail. Clients include Fortune 500 companies and the US Government. This series A round will serve to build out the strategic engineering team, top data scientists, and the creation of a global sales force.
Unlike single-purpose computer vision systems, Chooch Al is able to rapidly ingest and process visual data from any spectrum, generating AI models in hours that can detect objects, actions, processes, coordinates, states, etc. And organizations then have the choice to deploy the Al models in the cloud or onto edge devices in minutes. The team at Chooch Al takes the client through the whole visual AI deployment process, providing critical services and solutions all on one platform.
KEY QUOTES:
“AI startups and established players in artificial intelligence often focus on vertical applications. Chooch has a bigger vision, a horizontal AI platform that provides flexible solutions for the common demands of many companies, regardless of industry.”
— Vickers Venture Partners Chairman Dr. Finian Tan
“Speed, accuracy and flexibility distinguish Chooch Al ultra-low latency application from all other computer vision technologies in the market today, which makes it a cutting edge investment for us. Breakthroughs and market growth numbers at Chooch AI are staggering.”
— Numan Numan, Founding Partner of 212
“The Chooch AI platform provides extreme elasticity so that new machine learning models can be trained and deployed based on new business requirements within hours. This provides a massive competitive advantage to companies who integrate Chooch AI into their processes.”
— Ullas Naik of Streamlined Ventures
