Coactive AI Lands $30 Million Series B

<p><strong>SAN JOSE<&sol;strong> &&num;8212&semi; Coactive AI has landed &dollar;30 million in Series B funding&comma; cementing its position as the leading platform for analyzing images and videos&period; Cherryrock Capital&comma; in its first investment&comma; co-led this funding round with Emerson Collective&period; They were joined with significant participation from Greycroft&comma; and previous investors Andreessen Horowitz&comma; Bessemer Venture Partners&comma; and Exceptional Capital&comma; all participating in this raise&period;<&sol;p>&NewLine;<p>Coactive unlocks the untapped potential of images and videos for applications ranging from intelligent search to video analytics – no metadata or tags required&comma; creating an enterprise-grade operating system for visual content&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We are thrilled to be in partnership with Cody&comma; Will&comma; and the entire Coactive team&period; We believe they are using the most advanced technology for unstructured data to solve real customer problems&period; We look forward to bringing our operational expertise to help them scale as they build a world class multimodal AI company&comma;&&num;8221&semi; said Stacy Brown-Philpot&comma; Co-founder &amp&semi; Managing Partner&comma; Cherryrock Capital&period;<&sol;p>&NewLine;<p>While computer systems have led to massive paradigm shifts in the past from digital transformation to the big data movement&comma; visual data &lpar;images and videos&rpar; have remained elusive despite making up more and more of everyday life&period; The way we work&comma; communicate&comma; shop and are entertained are all increasingly visual thanks to the rise of video conferencing&comma; social media&comma; and e-commerce and streaming services&period; Even the web looks very different now than it did back in the 1980s and 1990s&period; Images and videos are everywhere&comma; yet our systems have been blind to those changes&period;<&sol;p>&NewLine;<p>Enterprises are stuck in a world of tag&comma; load&comma; search &lpar;TLS&rpar;&comma; where they need to tag raw assets with either human or machine annotations&comma; load those annotations into their systems as metadata&comma; and search based on those annotations&period; That process is slow&comma; expensive&comma; and inflexible and does not scale to the image and video content we have today&period; And with the rise of Generative AI&comma; we won’t be able to keep up anymore&period;<&sol;p>&NewLine;<p>Coactive flips the process on its head with a load&comma; search&comma; tag &lpar;LST&rpar; approach&period; With our platform&comma; enterprises can load and index the raw images and videos directly and make them searchable – no metadata or tags required&period; Tags are only necessary for enterprise specific terminology and domain-specific ideas where precision matters or for backward compatibility into metadata systems&period; We do all of the heavy lifting in a scalable and secure way to understand the pixels and audio directly&comma; giving enterprise a new set of superpowers&period; Find clips in less than a second&comma; not hours&period; Develop a sixth sense to detect content that violates standards &amp&semi; practices or editorial guidelines&period; Cover breaking news before AI can generate it&period; And turn raw video files from a tax to an asset that generates new revenue streams&period; This transition from TLS to LST is akin to ETL &lpar;Extract&comma; Transform&comma; Load&rpar; to ELT &lpar;Extract&comma; Load&comma; Transform&rpar; in data handling and processing and represents a fundamental leap forward like automobiles were to horses&period;<&sol;p>&NewLine;

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