Coram AI: $35M Series B for AI Security Platform Growth

Coram AI has raised $35 million in Series B financing. This brings the company's total funding to $66 million. The funding round was co-led by Ansa Capital and Battery Ventures. Other participants included UP.Partners, 8VC, and Mosaic Ventures. This investment will help expand Coram's sales team and support AI product development and customer service. Coram has seen rapid growth, with a fourfold increase in revenue and a tripling of its customer base since its Series A round last year. Over 1,500 locations in the U.S. and Canada now use their platform. These include Fortune 500 companies, schools, healthcare providers, and municipalities. Coram's platform uses artificial intelligence, originally developed for self-driving vehicles, to enhance physical security. It integrates video surveillance, access control, and emergency response into one system. This allows organizations to investigate incidents and identify risks more efficiently. The co-founder, Ashesh Jain, states that their AI helps catch risks earlier to make places like schools and hospitals safer. This investment highlights the growing interest in AI-powered security platforms as organizations look to automate processes and improve operational visibility.