Black Crow AI raises $25 million in a Series A funding round led by Imaginary Ventures with participation from existing investors such as Bloomberg Beta, Interlock Partners, Primary Venture Partners, and Vast Ventures.
CEO Richard Harris said that Black Crow AI will use the funding now exceeding $30 million to “accelerate the development of new and accessible ML use cases in both digital commerce and adjacent verticals” and expand the team across “product, client service, and commercial.”
Harris also said that companies are generating and preceding the volume of real-time data from internal operations, customers, marketing activities, and suppliers. New York-based AI company was founded in 2020 by Harris and Shehzad Khan alongside entrepreneur Damon Tassone.
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The idea behind Black Crow was to create a platform that could deliver eCommerce-relevant predictions via an API that integrates with existing tools, workflows, and software. Black Crow runs on top of retailers’ websites and uses streaming event data in customers’ browsers to train AI models and generate predictions while the users are still on the site.
The idea behind Black Crow was to create a platform that could deliver eCommerce-relevant predictions via an API that integrates with existing tools, workflows, and software. Black Crow runs on top of retailers’ websites and uses streaming event data in customers’ browsers to train AI models and generate predictions while the users are still on the site.
