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Data Center News > Blog > Investments > Spot AI Raises $31M in Equity Funding
Investments

Spot AI Raises $31M in Equity Funding

Last updated: November 2, 2024 5:52 pm
Published November 2, 2024
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Spot AI Raises $31M in Equity Funding
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Spot AI, a San Francisco, CA-based which makes a speciality of AI digicam methods, $31M in fairness funding.

Backers included Qualcomm Ventures, and current traders Scale Enterprise Companions, StepStone Group, Redpoint Ventures, Bessemer Enterprise Companions, GSBackers, MVP Ventures, and Cheyenne Ventures. 

The corporate intends to make use of the funds to increase operations and its improvement efforts

Co-founded by Rish Gupta, Sud Bhatija and Tanuj Thapliyal, Spot AI is a Video AI firm that transforms passive video safety cameras into AI Digital camera Programs and Video AI Brokers to assist organizations unlock the worth of their video information to drive tangible outcomes. It serves 1000+ prospects in manufacturing, retail, healthcare, and colleges serving to them enhance security, cut back operational bottlenecks, enhance productiveness and income, and actively deter crime. Instance makes use of embrace alerting key stakeholders, delivering analytics, activating lights and sounds, enjoying voice messages, triggering machine begins and stops if an incident or harm occurs, or enhancing load and unload instances in throughput-based companies.

FinSMEs

01/11/2024

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See also  Armada Raises $131M in Funding
TAGGED: 31M, equity, Funding, Raises, spot
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