Coram AI raises $13.8M to Security Surveillance with AI Integration

Integration of artificial intelligence in surveillance systems could bring revolutionary change as security becomes the most crucial issue to date. The innovation is well represented by Coram AI, a company established in 2022 to develop AI-based solutions that enhance any existing security structure to produce real-time analysis and threat detection. 

Company Overview

Coram AI develops video surveillance analytics with AI and helps enhance security cameras by upgrading existing systems to smart monitoring systems. The firm enables ordinary cameras to turn into smart, proactive security devices that detect threats in real time and analyze them. No need for hardware upgradation costs will be involved as this new generation of advanced security can be implemented among a greater number of organizations.

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Funding Details

The Series A round of funding from $13.8 million came from Battery Ventures, with sizeable participation coming from 8VC and Mosaic Ventures. Total funding in the company stands at around $20 million, showing great investor interest in the concept and technological offerings of Coram AI.

Important Aspects of the Technology Offered by Coram AI

• AI Integration with Existing Cameras: Coram AI’s platform further empowers already existing security cameras with AI so that they monitor the scene advancedly without any hardware installment.
• Real-time threat detection: it gives an instantaneous analysis and notifies the user to possible security issues so that such incidents are promptly responded to
• Natural Language Querying: Using plain language for interaction, thus making searching for and analyzing video security much simpler.
• Virtual Security Guards: The AI agents function as virtual security personnel, continuously monitoring and analyzing video feeds to identify unusual activities.

Leadership Team

Coram AI was co-founded by:

• Ashesh Jain: CEO, with a Ph.D. in robotics and a background in machine learning and computer vision.
• Peter Ondruska: CTO, also holding a Ph.D. in robotics, with expertise in AI and autonomous systems.
• Both founders met while working in Lyft’s self-driving car division, bringing a wealth of experience in AI and automation to Coram AI.

Market Position and Future Prospects

Coram AI operates in the rapidly growing AI surveillance market, offering solutions that enhance security without requiring significant infrastructure changes. The company’s technology is particularly beneficial for sectors such as education, healthcare, and logistics, where security is critical.

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With the new funding, Coram AI will:

• Expand Product Offerings: Develop and launch new AI-driven security features, including gun detection software, to meet diverse safety needs.
• Enhance Hardware Solutions: Improve and expand hardware offerings to complement their AI software, providing comprehensive security solutions.
• Scale Operations: Increase market reach and operational capacity to serve a wider customer base across different industries.

Summary:

San Francisco-based startup Coram AI has received $13.8 million in a Series A funding round led by Battery Ventures, with the participation of 8VC and Mosaic Ventures. The company focuses on adding AI agents to existing security camera systems, which can monitor live feeds and do advanced threat detection without any new hardware requirements.