Caden, a New York-based data intelligence company, raised $15M in Series A funding.
The round was led by Nava Ventures, with participation from Jerry Yang’s AME Cloud Ventures, Streamlined Ventures, Montage Ventures, Industry Ventures, 1707 Capital, AAF Management, and others.
The company intends to use the funds to accelerate product development, enhance market activation, and bolster its team.
Led by John Roa, CEO and Founder, Caden is a data intelligence company, operating a two-sided platform that empowers users to own, control and profit from their data, and innovative products for the enterprise to create competitive advantages.
The company empowers users to take control of their personal data and make money from it. The mobile app allows users to automatically pull in data on what movies they watch, where they travel, what they buy, etc., and see analytics on their consumer profiles. They can then opt-in to monetize their data in various privacy-centered ways, creating a safe passive income stream.
For the enterprise, Caden’s data set is made available via an intelligence suite called CadenOS that empowers customers in financial services, advertising technology, artificial intelligence and more to tap into a one-of-a-kind “hyper-panel” of consumer behavior. Example use cases include aggregated analytics products for hedge funds, real-time event streams for retail media, and robust foundational training models for AI companies.
The company also recently announced Caden AI, the first version of its personal assistant that has the unique ability to automatically train on a user’s media consumption, purchases, travel, exercise, and more, creating the first truly personal Generative AI.
FinSMEs
17/08/2023