Machinify Raises $10 Million in Series A Financing

New artificial intelligence company Machinify closed $10 million in a Series A funding round led by Battery Ventures, with participation from GV and Matrix Partners.

Machinify was founded in 2016 by former executives from VUDU, a digital-video company acquired by Walmart in 2010. Its AI is designed to dramatically reduce the cost, time, and complexity of designing, putting into production, and managing sophisticated AI-driven business decisions. Machinify is led by founder and CEO Ganesan (the former chief technical officer of VUDU), former VUDU president Tony Miranz, and VUDU former general manager Edward Lichty. Machinify’s founding executive chairman is Alain Rossmann, who was previously a founder or co-founder of VUDU, PSS Systems, and OpenWave.