Chooch AI was founded in 2015 by Hakan Gultekin and Emrah Gultekin. The company has not publicly endorsed plans to participate in an IPO.
Chooch AI is a computer vision software platform. The company's seeks to design software that will allow businesses to automate visual tasks. As of June 2022, the company's products are used in industries such as manufacturing, logistics and warehousing, oil and gas, and healthcare. Chooch AI was named AI Breakthrough's "Best Overall Computer Vision Company" in 2022. The company has raised more than $20 million in venture capital funding from investors including Vickers Venture Partners, 212, and Streamlined Ventures. The company did not disclose valuation figures after a $20 million round of Series A funding in 2020.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/16/2020 | Series A-2 | $3.23MM | $xx.xx | $216.55MM | 212, Alumni Ventures Group, Streamlined Ventures, Vickers Venture Partners, Waterman Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,673,041
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
212, Alumni Ventures Group, Streamlined Ventures, Vickers Venture Partners, Waterman Ventures
|
||||||
11/16/2020 | Series A-1 | $17.2MM | $xx.xx | $216.55MM | 212, Alumni Ventures Group, Streamlined Ventures, Vickers Venture Partners, Waterman Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,481,942
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
212, Alumni Ventures Group, Streamlined Ventures, Vickers Venture Partners, Waterman Ventures
|
||||||
04/25/2019 | Series Seed-2 | $217,180.45 | $xx.xx | $11.56MM | Vickers Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
322,274
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Vickers Venture Partners
|
||||||
04/25/2019 | Series Seed-1 | $2.61MM | $xx.xx | $11.56MM | Vickers Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
3,049,301
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Vickers Venture Partners
|