# ClearObject Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clearobject

- Industry: Business Support Services
- Headquarters: Fishers, US
- Website: www.clearobject.com
- Total disclosed funding: $18M
- Latest round: Series E (Apr 6, 2016)
- Investors on record: 5

## About

ClearObject Corporation delivers innovative Vision AI and Generative AI solutions designed to enhance operational efficiency and profitability for various industries, focusing on real-time data analysis and performance monitoring.Founded in 2010 and headquartered in Fishers, US, ClearObject Corporation specializes in offering advanced AI solutions tailored to enhance processes across sectors. In January 2019, ABS Capital Partners and Egis Capital Partners acquired a majority stake in the company, indicating a strategic investment in its growth. The company has engaged in a total of 7 deals, with its latest funding round, Series E, raising USD 9.00 mn led by Plymouth Growth Partners, along with participation from Bootstrap Venture Partners, Chatham Ventures, Elevate Ventures, and Hercules Capital. CEO Daniel Yingst leads the company with a focus on innovative technology solutions.ClearObject specializes in providing advanced Vision AI and Generative AI solutions aimed at enhancing quality, efficiency, and profitability across various industries. Their core offerings include customized AI models for vision data analysis, which serve multiple end-use cases such as real-time quality control in manufacturing, customer experience optimization in retail, and rapid pipeline assessments in utilities. These solutions leverage existing camera infrastructure and AI technology to identify defects, monitor performance, and assess environmental impacts, thereby addressing critical operational challenges faced by clients. The company's client base spans multiple sectors, including manufacturing, retail, consumer packaged goods (CPGs), quick-service restaurants (QSRs), agriculture, utilities, and food & beverage industries, serving customers primarily in North America and Europe.ClearObject’s revenue model revolves around a combination of direct sales, partnerships, and subscription-based services. The company engages in B2B transactions, providing tailored AI solutions while ensuring continuous support and maintenance for its clients. Transactions typically involve formal agreements where ClearObject collaborates with businesses to implement customized AI solutions and conduct Proof of Value assessments to determine effective use cases. This collaborative process often leads to ongoing partnerships, where customers invest in further AI deployments based on proven results. Specific pricing structures are aligned with the unique needs of each implementation, reflecting the scale and complexity of the solutions provided, including flagship offerings such as the ClearVision platform for various applications.Looking ahead, ClearObject is focused on launching new innovative products, particularly advancements in Vision AI that are expected to be unveiled within the next year. The company plans to expand its market presence into Europe and Asia by 2025, aiming to establish partnerships and collaborations that leverage regional expertise. The recent funding of USD 9.00 mn from the Series E round will be allocated towards research and development for these upcoming products, as well as expanding their market reach through strategic marketing initiatives and enhancing their operational capabilities.

## Funding rounds

- Series E, Apr 6, 2016, $9M — Hercules Capital, Straylight Capital, Elevate Ventures, Bootstrap Venture Partners, Chatham Ventures
- Series D, Dec 4, 2014, $4.5M — Straylight Capital, Elevate Ventures
- Series B, Jan 31, 2014, $2.8M — Elevate Ventures
- Series B, Jun 25, 2012, $1.7M — Elevate Ventures

## Investors

- Elevate Ventures (https://capitalatlas.ai/funds/elevate-ventures) — Series B, Series D, Series E
- Straylight Capital (https://capitalatlas.ai/funds/straylight-capital) — Series D, Series E
- Hercules Capital (https://capitalatlas.ai/funds/hercules-capital) — Series E
- Bootstrap Venture Partners (https://capitalatlas.ai/funds/bootstrap-venture-partners) — Series E
- Chatham Ventures (https://capitalatlas.ai/funds/chatham-ventures) — Series E