Image-recognition startup becomes 50th to graduate from NYU Poly

Clarifai raises $10 million and leaves the Varick Street incubator for a new home in the Flatiron district. Total valuation of the the incubators' 50 graduates: $721 million.

Clarifai, a startup that just a year ago consisted of one person in NYU Poly's Varick Street incubator and now comprises 11 people in the Flatiron district, has raised $10 million in a Series A round led by Union Square Ventures.

The 18-month-old company, which develops image-recognition software, announced the funding round on Tuesday. It moved out of its incubator space last week to the Flatiron district, becoming the 50th startup to graduate from NYU Polytechnic School of Engineering's three incubators, which launched with the Varick Street location in July 2009.

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