AI security camera startup Coram AI secures $13.8M Series A

Coram AI has secured $13.8 million in Series A funding to advance its AI-powered video security platform that integrates with existing IP cameras for real-time analysis and insights.

Funding details and leadership: Battery Ventures led the Series A round, with participation from existing investors 8VC and Mosaic Ventures, marking a significant milestone for the AI security startup.

• The funding round closed on January 16, 2025, bringing total investment to $13.8 million
• Battery Ventures Partner Marcus Ryu, former co-founder and CEO of Guidewire Software, joins Coram’s board
• The company was founded by former Lyft autonomous driving executives Ashesh Jain and Peter Ondruska

Core technology and capabilities: Coram AI’s platform transforms standard security cameras into intelligent monitoring systems through advanced AI and language models.

• The system enables natural language searches across video footage
• Real-time threat detection and virtual security guard capabilities are core features
• The platform can identify faces, read license plates, and detect specific actions like brandishing weapons
• Long-term activity analysis helps identify patterns and potential safety issues

Market opportunity and implementation: With over 80 million security cameras in the US alone, Coram AI aims to extract value from largely unwatched footage.

• The platform integrates with existing IP camera infrastructure, minimizing installation costs
• Target markets include education, logistics, and manufacturing sectors
• Current customers include Middletown Unified School District and PCC Community Markets
• The technology helps prevent accidents by analyzing past incidents and improving safety protocols

Strategic expansion plans: The new funding will support product development and team growth to meet increasing market demand.

• Resources will be allocated to expanding product lines
• The company plans to grow both engineering and go-to-market teams
• Focus remains on delivering intuitive and cost-effective solutions to customers

Future implications: The evolution of AI-powered video security systems raises important considerations about the balance between safety and privacy.

• CEO Jain envisions cameras becoming more than passive recorders, serving as active safety monitors
• The technology’s ability to provide “human-level understanding” of video footage represents a significant advancement in security technology
• Privacy-sensitive implementation will be crucial as these systems become more widespread and sophisticated