Black.ai Analysis: $7M Raised
What is Black.ai?
Black.ai is an Australian-based company that transforms existing camera infrastructure into AI-powered retail intelligence. Their approach focuses on privacy-first analytics, ensuring customer identities remain protected while providing actionable insights. This enables retailers to enhance conversions, reduce theft, and optimize store layouts effectively.
Employees
11-50
Founded
2017
Industry
AI/ML, Data Analytics, Privacy Tech
Product Features & Capabilities
- AI-driven video analysis for theft prevention
- Customer journey stitching across multiple cameras
- Real-time layout optimization and product positioning
- Behavioural segmentation for targeted insights
- Privacy-first data handling with ISO 27001 certification.
Use Cases
Investigate theft incidents quickly using AI analysis; Optimize store layouts based on customer behavior; Measure the effectiveness of in-store promotions; Enhance customer experience through data-driven insights; Monitor camera health and performance in real-time.
How much Black.ai raised
Seed+ - A$5,400,000
June 27, 2022Lead Investor: Jelix Ventures, Right Click Capital, several angel investors
Seed - A$1,200,000
October 4, 2018Lead Investor: Ben Parham and 5 other investors
Accelerator/Incubator - $20,000
January 1, 2016Lead Investor: Not specified
Accelerator/Incubator - $54,900
January 1, 2017Lead Investor: Not specified
Other Considerations
ISO 27001 certified for data security; Backed by notable investors including Blackbird VC; Focused on retail applications of AI technology.
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Financial Overview
$7MTotal Raised
Seed+A$5,400,000
June 27, 2022
Investors: Jelix Ventures, Right Click Capital, several angel investors
SeedA$1,200,000
October 4, 2018
Investors: Ben Parham and 5 other investors
Non-Equity Assistance
October 14, 2017
Investors: Creative Destruction Lab (CDL)
Accelerator/Incubator$20,000
January 1, 2016
Investors: Not specified
Accelerator/Incubator$54,900
January 1, 2017
Investors: Not specified
Later Stage VC
August 1, 2023
Investors: Not specified
