Affectiva raises 14M for emotions analytics platform, eyes healthcare as one growth market

Waltham, Massachusetts-based emotions analytics company Affectiva has raised 14 million in a round led by Fenox Venture Capital. The company intends to use the funding to continue to develop their Emotion AI platform and expand their operations globally. In addition to the funding, the company announced a leadership change, with former CEO and president Nicholas Langeveld becoming chairman of the board and cofounder Dr. Rana el Kaliouby stepping into the CEO role. "I am thrilled to have Fenox Venture Capital invest in Affectiva. We are at an inflection point regarding how emotion data and insights are used in various industries," Langeveld said in a statement.