AI startups VibeIQ and Edgify secure new funding rounds

VibeIQ, an AI-native product decision platform for apparel and consumer goods, has secured $22.5 million in growth financing. The funding round was led by Volition Capital, with participation from Venture Guides. The company aims to use the capital to enhance its AI capabilities, support product innovation, and expand its market presence across footwear, apparel, and private-label retail.

Separately, Edgify, an edge AI infrastructure company, has raised $9 million in Series A+ funding to expand its platform for physical retail and other industries. Backed by Rank Ventures and Mangrove Capital Partners, Edgify's total funding has reached $25 million. The company provides hardware-agnostic AI that processes data locally on devices like self-checkouts and cameras to reduce cloud dependency and latency. While currently focused on loss prevention in grocery retail across the US and Europe, Edgify plans to expand into convenience stores, restaurants, and logistics.