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
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