Mad Street Den Raises $30M in Series C

Mad Street Den, a Redwood City, California-based company which specializes in Enterprise AI, raised $30M in Series C funding.

The round was led by Avatar Growth Capital, with participation from Sequoia Capital and Falcon Edge.

The company intends to use the funds to expand its artificial intelligence offerings across industries.

Led by Ashwini Asokan, CEO & Founder, Mad Street Den provides Blox, an AI platform for large enterprises across industries to create clean & enriched data, power rich-personalized customer experiences and automate complex workflows dealing with a wide range of documents needing digitization and processing. In addition, the company provides, a unified Visual AI platform for retail commerce. Using image recognitionand data science, the platform helps retailers generate product, and customer intelligence, and combine these with market insights, to power growth.

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Mad Street Den also acquired Inturn, a New York-based enterprise solution that helps retailers monetize slow-moving and excess inventory, faster.