#United States #New York #Artificial Intelligence #Union Square #Viam

Viam Secures $30 Million in Series C Funding

In a major boost for its ambitions in the tech arena, Viam has announced a successful $30 million Series C funding round, showcasing continued confidence in its innovative engineering platform designed for advanced data integration and AI solutions. Union Square Ventures, a prominent investor in the technology sector, leads the funding, with additional participation from Battery Ventures, Neurone, and other existing stakeholders. With this latest round of investment, Viam elevates its total capital raised to an impressive $117 million.

Eliot Horowitz, the founder and CEO of Viam, expressed immense gratitude toward their partners. “We’re fortunate to have incredible partners like Union Square Ventures who are eager to expand their commitment to what we're building,” he stated, highlighting the recognition of Viam’s potential within various industries. The strategic partnership with Neurone aims to bolster Viam’s growth not only in the domestic market but also in Europe, particularly focusing on Italy where significant traction has been observed.

In 2024, Viam expanded its presence across diverse sectors, including robotics, quick-service restaurants, climate tech, marine, and industrial manufacturing. One of the standout moments of the past year was Viam's groundbreaking collaboration with the New York Islanders and UBS Arena, where it became the venue's Official AI Technology Partner. This partnership highlights Viam's versatility and capability to integrate AI across various platforms, thereby enhancing fan experiences within the arena.

The marine industry has also seen Viam lead innovative efforts, particularly through partnerships with leading manufacturers, such as Viking Yachts. Initiatives like pilot programs with Kongsberg Discovery, part of the KONGSBERG Group, embody Viam's commitment to pioneering advancements in AI technology utilization, specifically focusing on sonar functionality in fishing systems. Other notable clients include Sbarro, Swiss nuclear engineering firm Transmutex, Appetronix, an autonomous robotic kitchen company, and CompScience, known for intelligent workplace safety solutions.

Albert Wenger, a Partner at Union Square Ventures, articulates that Viam is effectively bridging essential gaps between AI and everyday devices. This reflects a significant movement toward creating efficient, smart technologies that resonate with daily user experiences. “Eliot and his team are building a world-class operation in New York City, and we're thrilled to continue supporting them,” remarked Wenger, emphasizing their continued belief in Viam's mission and its potential for success.

The European tech landscape is also paying attention to Viam’s traction, as evidenced by the involvement of Neurone, which focuses on fostering growth in high-potential ventures. Investors from Neurone include family offices of prominent Italian industrial leaders, such as those behind Ferrari. “We work directly with Italy's leading industrial families who are actively thinking about the future and the technology that shapes it,” said Teodoro D'Ambrosio, the Founder and Partner of Neurone, supporting the idea that Viam is primed to revolutionize sectors that have yet to adopt software-driven transformations.

With its cutting-edge platform, Viam allows hardware and software engineers to collaborate seamlessly, paving the way for innovative solutions that can be applied across devices and smart machinery operating within the physical world. Launched in 2020 by former MongoDB co-founder and CTO Eliot Horowitz, the company is positioned at the forefront of a burgeoning technological revolution, emphasizing efficiency and adaptability in a rapidly evolving market.

The future stays bright for Viam as it continues to harness the potential of AI and data. With plans to venture further into the corporate landscape, fueled by this substantial investment, Viam is set to remain an integral player in advancing technology across various sectors. The completion of the Series C funding marks just the beginning of broader, impactful developments on the horizon.

Moreover, Viam's innovative approach makes it uniquely equipped to meet the challenges that lie ahead in sectors previously untapped by advanced software solutions. Their mission—to empower engineers across disciplines to collaboratively solve complex problems—positions Viam as a critical player in the transformative journey toward smarter, more efficient technologies.

About Viam

Viam is dedicated to unlocking the power of AI, data, and automation in the physical world. The platform facilitates collaboration among engineers from various fields, enabling them to conceive and implement rapid, future-proof solutions across various industries such as robotics, marine technology, and climate advancements.

As Viam ushers in a new era of technology, its commitment to bridging the gap between hardware and software sets a foundation for continued excellence and innovation within the tech industry.