Whale AI startup raises $60 million series C led by Bosch Ventures

Whale, an AI startup founded by Jerry Ye after his experience at Meta and Caltech, recently secured $60 million in a Series C funding round led by Bosch Ventures.

The company specializes in AI software tools and hardware designed to assist retailers, boasting a client roster that includes major brands like Starbucks, Xiaomi, and Unilever.

"We made revenue of 230 million yuan ($31.39 million) last year, and expect 400 million yuan in revenue this year," Ye stated, highlighting the startup's rapid growth and expanding customer base of around 500 enterprises.

Founded in 2017 upon Ye's return to China, Whale aims to establish itself as a global AI company, leveraging Ye's background in data science and neural studies.

The infusion of capital from Bosch Ventures is expected to accelerate Whale's development and market reach, positioning it as a significant player in AI-driven retail solutions.

"At the behest of an investor, he returned to China in 2017 with the aim of starting a global company in AI," reflecting the strategic vision behind Whale's inception.

With this funding, Whale is poised to expand its product offerings and scale its operations to meet growing demand in the retail sector.

Whale, an AI startup founded by Jerry Ye, raised $60 million in a Series C funding round led by Bosch Ventures. The company, which provides AI tools to retailers including Starbucks and Xiaomi, reported $31.39 million revenue last year and expects significant growth this year.