Coram AI Secures $13.8 Million Series A Funding
Deal News | Jan 16, 2025 | Battery Ventures
Coram AI, a leader in AI-driven video security, raised $13.8 million in Series A funding led by Battery Ventures. The funding aims to enhance Coram's product lines, expand their go-to-market strategy and engineering teams. Founded by Ashesh Jain and Peter Ondruska, veterans in autonomous driving at Lyft, Coram utilizes AI to provide innovative video security solutions for sectors like education and manufacturing. Its platform allows real-time video analysis using IP cameras, enhancing safety through advanced vision models. Coram's technology minimizes infrastructure costs while offering privacy-sensitive security measures. With the addition of Marcus Ryu from Battery Ventures to its board, Coram plans to leverage deep expertise to further product innovation.
Sectors
- AI and Machine Learning
- Video Security & Surveillance
- Education
- Manufacturing and Logistics
Geography
- United States – Coram AI is based in Sunnyvale, California, and the article discusses its services in various U.S. states, including California and Washington.
Industry
- AI and Machine Learning – Coram AI operates in the AI and machine learning industry by providing advanced LLM-powered video security solutions.
- Video Security & Surveillance – The company offers video security services, using AI technology to monitor and analyze camera footage in real-time.
- Education – Coram serves the education sector by providing safety solutions, key for K-12 settings mentioned in the article.
- Manufacturing and Logistics – Coram's platform is also relevant to manufacturing and logistics, helping these sectors improve site safety and operational efficiency.
Financials
- $13.8 million – The total amount Coram AI raised in its Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Coram AI | Target | Company | An AI-native video security company founded by AI and robotics experts, offering solutions across multiple sectors. |
| Battery Ventures | Investor | Company | A global technology-focused investment firm leading Coram's Series A funding round. |
| 8VC | Investor | Company | Participated as an existing investor in Coram's Series A funding round. |
| Mosaic Ventures | Investor | Company | Also participated as an existing investor in Coram's Series A funding round. |
| Marcus Ryu | New Board Member | Person | Partner at Battery Ventures, joining Coram's board with extensive experience in technology. |
| Ashesh Jain | Co-Founder and CEO | Person | Co-founder of Coram AI with prior experience in AI and leadership roles at Lyft. |
| Peter Ondruska | Co-Founder and CTO | Person | Co-founder of Coram AI with a background in robotics and experience at Lyft. |
| Middletown Unified School District | Customer | Company | An educational customer of Coram AI, utilizing its security solutions. |
| PCC Community Markets | Customer | Company | A business customer of Coram AI, applying its security solutions. |