We are thrilled to share the exciting news that Dayta AI has successfully raised $5 million in its latest Series A round! This funding round was co-led by Transcend Capital Partners and VU Venture Partners, with participation from other prominent venture capital and strategic investors, including Betabox Ventures, HKUST Entrepreneurship Fund, Māori Capital, Wings Capital Ventures, and more.
Founded in 2018, Dayta AI is a trailblazing Retail Analytics SaaS company that leverages existing cameras to acquire visitors' behavioral data and transform it into actionable insights. Their cutting-edge product, Cyclops, empowers brick-and-mortar retailers to optimize their sales, enhance foot traffic, and streamline operations using the power of Computer Vision and Business Intelligence. With applications spanning across retail stores, shopping malls, supermarkets, airport lounges, and restaurants, Dayta AI serves a growing clientele in Hong Kong and the Asia Pacific region.
The freshly secured funds will be deployed to further enhance the cloud infrastructure and develop new AI models, solidifying Dayta AI's position at the forefront of innovation. "At Dayta, we take great pride in delivering innovative and practical AI solutions that empower businesses to thrive," expressed Patrick Tu, CEO and co-founder of Dayta AI. "As our client base continues to expand, we remain dedicated to refining our offerings and providing unparalleled insights for our valued clients."
Recently, Dayta AI unveiled the impressive v4 of Cyclops, which represents a significant leap forward in AI modules and UI/UX. The latest version brings about enhanced algorithm quantization, expanded high-quality datasets, and improved infrastructure scalability, all of which contribute to bolstering model performance and stability. Additionally, the v4 release introduces a streamlined general setup, expediting the onboarding process, along with an array of new data visualization tools, workplaces, teams, touchpoints, data series, and user access grants.
In addition to enhancing their technology, Dayta AI intends to allocate a significant portion of the proceeds towards fueling their overseas expansion. "Expanding into new markets is a pivotal step in Dayta's growth strategy, and we are thrilled to embrace the challenge of tapping into the US and EU markets following our successful campaigns in South East Asia," asserted Tu. "With the AI industry rapidly evolving, we firmly believe that our cutting-edge AI technology has the potential to revolutionize industries worldwide."
For any inquiries or to learn more about Dayta AI, please do not hesitate to reach out to us at info@dayta.ai. Stay tuned for more exciting news and breakthroughs from Dayta AI as they continue to lead the charge in AI-driven innovations!
Dayta AI is a part of our Food & AgTech Program. Plug and Play is a global innovation platform that brings together startups, corporate partners, investors, and mentors to drive innovation and create the future. With a presence in over 35 locations worldwide, we provide a dynamic ecosystem where entrepreneurs can grow their businesses, access funding, and collaborate with industry leaders. Join us and be part of the transformative journey of turning visionary ideas into reality.
Written by: Dayta AI
