Vue.ai raises $17m from Falcon, Sequoia and Global Brain

BENGALURU: Vue.ai, a computer vision and artificial intelligence platform for retail automation, has raised $17 million in fresh funding led by Falcon Edge Capital, which also saw the participation of Sequoia Capital India and Global Brain.

The latest Series-B round takes the total capital raised by the startup to $27.5 million, making it one of the more well-funded AI startups in the country. The Redwood City, California-headquartered firm that has an office in Chennai, analyses catalogue data along with user behaviour to deliver actionable insights that help retailers improve conversions and reduce costs. Vue.ai offers seven products that span from merchandising to social media marketing intelligence.

“The platform digitally maps a retail product’s DNA, then translates product information into language that teams can easily understand,” said Anand Chandrasekaran, cofounder, Vue.ai.