Black Crow AI, a data analytics business, raised US $25 million in a Series A round led by Imaginary Ventures, with participation from previous investors Primary Venture Partners, Bloomberg Beta, Interlock Partners, and Vast Ventures, on March 31, 2022. With a war chest that now stands at more than US $30 million.
What the founder has to say:
CEO Richard Harris- Black Crow AI:
According to Richard Harris, Black Crow will utilize the funds to expedite the creation of new and accessible machine learning use cases in both digital commerce and adjacent verticals and expand the team across “product, client support, and commercial.
“Everyone understands that businesses of all sizes generate massive amounts of real-time data every day. Data comes from their internal operations, customers, suppliers, and marketing activities. And, if that data can be made sense of with machine learning, firms may use machine-learned projections to peek into the future of their important KPIs. Black Crow is concentrating on the underserved middle market. The issues are similar to those faced by major enterprises, but the middle market has little to no access to the same people, tools, and infrastructure as large enterprises.
Black Crow was created during the pandemic; the globe went to digital commerce at the same time as changes in the data landscape made controlling and exploiting data in a privacy-friendly manner a top goal for organizations everywhere. To match the exponential surge in market demand for its machine-learned predictions, the Black Crow team has already grown by over 150 percent [to 40 workers] in 2022.”
About Black Crow AI:
Black Crow, situated in New York, was created in 2020 by Travelocity veterans Harris and Shehzad Khan and entrepreneur Damon Tassone. Before co-founding Site59, Harris worked as a consultant at Boston Consulting Group and sold last-minute air-and-hotel weekend packages to primarily domestic destinations. Before Expedia purchased Travelocity in 2015, Harris was SVP of strategy and distribution at Site59, purchased for US $43 million in 2002 by Travelocity.
Black Crow was conceived as a platform that could provide e-commerce-relevant forecasts via an API integrated with existing workflows, tools, and software. While consumers are still on the site, Black Crow sits on top of retailers’ websites and leverages streaming event data from customers’ browsers to train AI models and generate predictions (e.g., which product a buyer is likely to buy).
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