Coactive Systems Raises $30M in Series B Funding to Enhance AI-Powered Visual Data Platform
Coactive Systems is revolutionizing the way enterprises handle large volumes of unstructured visual content.
Company Name: Coactive Systems
Location: San Jose, CA
Sector: AI Technology, Data Management
Funding Details: Raised $30M in Series B funding at a $200M valuation. The round was co-led by Emerson Collective and Cherryrock Capital, with participation from Bessemer Venture Partners, Greycroft, and previous investor Andreessen Horowitz.
Purpose of Investment: To expand operations, development efforts, and business reach.
Leadership: Led by CEO Cody Coleman.
Product: Coactive Systems offers an AI-powered platform that enables users to manage, categorize, and retrieve visual data such as images and videos without the need for metadata or tags. The platform uses multimodal AI to extract context directly from the pixels and audio in content, creating an enterprise-grade operating system for visual content that simplifies the work for data, marketing, and product teams.
About Company: Founded in 2021, Coactive Systems is revolutionizing the way enterprises handle large volumes of unstructured visual content. Its innovative approach allows for intelligent search and video analytics applications, enhancing productivity and value generation from visual data.