Spot AI, a San Francisco, CA-based which specializes in AI camera systems, $31M in equity funding.
Backers included Qualcomm Ventures, and existing investors Scale Venture Partners, StepStone Group, Redpoint Ventures, Bessemer Venture Partners, GSBackers, MVP Ventures, and Cheyenne Ventures.
The company intends to use the funds to expand operations and its development efforts
Co-founded by Rish Gupta, Sud Bhatija and Tanuj Thapliyal, Spot AI is a Video AI company that transforms passive video security cameras into AI Camera Systems and Video AI Agents to help organizations unlock the value of their video data to drive tangible outcomes. It serves 1000+ customers in manufacturing, retail, healthcare, and schools helping them improve safety, reduce operational bottlenecks, boost productivity and revenue, and actively deter crime. Example uses include alerting key stakeholders, delivering analytics, activating lights and sounds, playing voice messages, triggering machine starts and stops if an incident or injury happens, or improving load and unload times in throughput-based businesses.
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