SAN FRANCISCO, July 10, 2024–(BUSINESS WIRE)–Hayden AI Technologies, Inc. (“Hayden AI”), a leader in vision AI solutions for smart cities, today announces $90 million in new growth equity investment I did. The Series C round was led by The Rise Fund, a multi-sector strategy of TPG’s global impact investing platform, and supported by existing investors including Drawdown Fund and Autotech Ventures, among others. This investment will accelerate the company’s research, development and growth.
This funding comes as Hayden AI expands its market leadership and customer base in the $748 billion smart cities market domestically and internationally. Hayden AI’s Vision AI platform leverages geospatial data collection sensor systems to provide comprehensive smart city intelligence to support the New York MTA, Washington DC subway, Los Angeles subway, East Bay AC Transit, and public transit. and detecting and cracking down on parking and moving violations that impede traffic safety. Hayden AI’s platform can be attached to virtually any type of vehicle and provides a level of insight and context that cities can use to make better decisions to meet both operational and sustainability goals. Provide recognition.
The Rise Fund invests in companies that drive environmental and social impact along with high business returns. In addition to enforcing parking and moving violations, Hayden AI’s Vision AI platform can detect and predict traffic congestion, monitor city assets, and optimize transportation networks to improve urban public safety, sustainability, and security. It helps improve possibilities and efficiency.
“The Rise Fund allows us to develop our platform into a true city operating system, processing data and generating actionable insights that help make cities more livable for everyone. ” said Chris Carson, Founder and CEO of Hayden AI. “This new funding allows us to invest in long-term technology development to explore new uses for our platform. They have a long track record of successfully scaling companies and we are excited to partner with them as we continue to help cities transform sustainability, road safety and accessibility. ”
“Big cities have a dual mission to improve the operational performance and safety of their public transportation systems while increasing energy efficiency,” said Steve Ellis, managing partner at Rise Funds. Ta. “Hayden AI’s unique technology delivers solutions that sit at the intersection of accessibility, safety, and sustainability, supporting Rise Fund’s efforts to pursue fast-growing businesses that deliver social and environmental impact at scale. We are focused on Hayden AI’s industry-leading accuracy and adaptability, and the ability to build on its success in America’s largest cities and expand its technology to additional use cases and new cities domestically and internationally. I’m looking forward to it.”
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In New York City, automated camera enforcement increased bus speeds by 5% along enforcement routes and reduced vehicle crashes by 20%. Additionally, the MTA estimates that automated camera enforcement has contributed to a 5% to 10% reduction in greenhouse gas emissions. The MTA recently announced it would expand the program to bus stops and double parking enforcement.
Hayden AI’s technology has not only helped cities realize significant improvements in safety and efficiency, but has also been named to the GovTech100 list for four consecutive years and named America’s Top Green Tech Companies in 2024 by TIME magazine. It has also earned the company accolades, including being recognized as one of the best. .
About Hayden AI: Hayden AI is transforming how cities leverage their infrastructure with AI. Our market-leading Vision AI platform leverages geospatial data collection sensor systems to create a city operating system, providing cities with actionable insights and situational awareness to improve sustainability, road safety, and accessibility. improve. Cities around the world are using Hayden AI’s platform to make city life more livable for everyone. For more information, please visit www.hayden.ai.
About The Rise Funds: The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Fund invests in high-potential, high-impact entrepreneurs and growth-stage companies focused on achieving the United Nations Sustainable Development Goals. We invest to support mission-driven companies. Rise Fund provides capacity and expertise at scale across sectors and countries, focusing on opportunities in climate and conservation, education, food and agriculture, financial inclusion, healthcare, and impact services.
With approximately $19 billion in assets across The Rise Funds, TPG Rise Climate, and Evercare Health Fund, the TPG Rise platform is a global leader committed to achieving measurable positive social and environmental outcomes with competitive financial returns. One of the largest private market impact investing platforms. .
For more information, please visit therisefund.com.
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