Coram raised $35 million to turn security cameras into AI detectives (www.businessinsider.com)

Coram AI, a Bay Area startup focused on transforming security camera functionality, has successfully raised $35 million in Series B funding, bringing its total funding to $66 million. Co-led by Ansa Capital and Battery Ventures, this round underscores a significant investment trend in physical AI, which aims to enhance real-world applications of artificial intelligence. Founded in 2022, Coram integrates existing security infrastructure—like cameras and badge readers—and uses AI to streamline incident detection and response, catering especially to sectors such as education, where technologies demonstrate capabilities like firearm detection and automated alerts. The startup's innovative "Deep Investigation" product allows users to interact with the security system using natural language, facilitated by tools like ChatGPT. This capability enables users to extract and analyze security footage quickly, generating detailed reports and insights in minutes. With a rapidly expanding customer base and a fourfold revenue increase since its Series A round, Coram is positioning itself as a formidable competitor in a crowded security market, aiming to revolutionize physical security by integrating advanced AI with the prospective use of robotics. CEO Ashesh Jain envisions a future where every building employs robotic security systems, further embedding AI in everyday safety protocols.