Oversubscribed round led by climate-focused growth equity firm
SAN FRANCISCO — (BUSINESS WIRE) — October 18, 2023 — Hayden AI, a leader in artificial intelligence and geospatial analytics, is pleased to announce the successful closing of its $53M Series B funding round. The oversubscribed 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.
Hayden AI’s platform provides data-driven intelligence applications that help governments and businesses solve real world problems. The company’s proprietary hardware can be mounted on a variety of commercial, fleet or passenger vehicles. Current deployments enable government agencies to enforce traffic violations that obstruct transit buses and capture valuable data that can be used to optimize operations, resulting in increased transit ridership, improved traffic efficiency, enhanced road safety, and more accessible and sustainable communities.
“This oversubscribed Series B is a strong validation of Hayden AI’s market fit, technology, and team,” said Chris Carson, CEO and founder of Hayden AI. “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.”
“Sustainable mobility is one of the greatest challenges facing the world today,” said Erik Snyder, Managing Director of the Drawdown Fund. “Hayden AI’s mission and technology aligns perfectly with our investment philosophy. We’re thrilled to lead this funding round.”
With this funding secured, Hayden AI aims to further strengthen its market leadership position domestically while simultaneously expanding globally.
About Hayden AI: At Hayden AI, we’re pioneering real world problem solving powered by AI and machine learning. From bus lane and bus stop enforcement to digital twin modeling and more, our clients use our mobile perception system to speed up transit, make streets safer, and create a more sustainable future. Learn more at www.hayden.ai.
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Contact:
Jenna Fortunati
jenna.fortunati@hayden.ai