Hayden AI – a leader in artificial intelligence and geospatial analytics – recently announced the successful closing of its $53 million Series B funding round. The oversubscribed funding round was led by the Drawdown Fund, a growth equity firm dedicated to advancing companies and products that are addressing major drivers of climate change.
The company’s platform offers data-driven intelligence applications that help governments and businesses solve real-world problems. And the company’s proprietary hardware can be mounted on various commercial, fleet, or passenger vehicles. The current deployments allow government agencies to enforce traffic violations that obstruct transit buses and capture valuable data that can be used to optimize operations – which results in increased transit ridership, improved traffic efficiency, enhanced road safety, and more sustainable communities.
With this funding round secured, Hayden AI is aiming to further strengthen its market leadership position domestically while simultaneously expanding globally.
KEY QUOTES:
“This oversubscribed Series B is a strong validation of Hayden AI’s market fit, technology, and team. Our mission is to revolutionize the way cities around the world deliver safer, smarter and more sustainable mobility and public services. The data, analytics, and insights from our AI/ML powered platform allow us to deploy complex learning models that deliver a range of use cases from traffic enforcement to dynamic digital city/digital twin development.”
— Chris Carson, CEO and founder of Hayden AI
“Sustainable mobility is one of the greatest challenges facing the world today. Hayden AI’s mission and technology aligns perfectly with our investment philosophy. We’re thrilled to lead this funding round.”
— Erik Snyder, Managing Director of the Drawdown Fund
