Spot AI secures $31 mn, launches Video AI Agents for enhanced surveillance

Quick Summary:

Spot AI, a firm specialising in AI camera systems, announced it has secured $31 million in new equity funding, bringing its total funding to $93 million.

The latest round saw participation from new investor Qualcomm Ventures, alongside existing investors Scale Venture Partners, StepStone Group, Redpoint Ventures, and Bessemer Venture Partners.

Spot AI currently serves 1,000 customers across 17 industries, indexing more than twice the amount of video uploaded daily to YouTube.

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Category: BusinessFinance

Markets: India

Topics: Technology Artificial intelligence

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-10-31 @ 22:54:56 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 490 words

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Sentences: 19 lines

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Copyright Owner: © Business Standard

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