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The Bay Area startup raised Series B funding that brings its total capital to $66 million. The round was co-led by Ansa Capital and Battery Ventures. More than 1,500 sites now use the system.
cnet.comCoram raised $35 million in Series B funding, bringing its total capital raised to $66 million. Partners, 8VC, and Mosaic Ventures. The company connects existing cameras, badge readers, visitor logs, and emergency systems. Its AI software helps security teams locate incidents and respond faster.
The startup was founded in 2022.
Growth and customers Revenue has grown fourfold and the customer base has tripled since the company raised a $13.8 million Series A last year. More than 1,500 sites across the U.S. and Canada use the platform, including Hershey's Ice Cream, Lakepointe Church, and 1-800-GOT-JUNK?.
The company has gained traction with school districts. Its software can detect firearms, automatically alert 911, and help trigger campus lockdowns.
New product and future plans A new tool called Deep Investigation lets users ask questions of the security data through interfaces such as ChatGPT or Claude. The company plans to use the new funds to expand its sales team and continue product development. The CEO said the company aims to work with robot dogs and humanoids in the future. The company declined to disclose its valuation.
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wccftech.comAmazon chief technology officer Werner Vogels said companies are moving from expensive proprietary AI models to cheaper open-source alternatives. He spoke during an interview at the UN’s AI for Good summit and cited cases of rapid budget exhaustion. Amazon also launched an open-s…
France 24Sao Paulo has rolled out Smart Sampa, described as the world's largest city-operated facial recognition system. The program, presented as a crime-fighting measure, faces accusations of racial profiling. Similar technologies operate in India, China, Hong Kong and the United Kingdo…
econlib.orgAnthropic named Ben Bernanke to its independent Long-Term Benefit Trust on Thursday. The former Federal Reserve chairman joins three existing members on the governance body that advises the company and selects its board.