Coram AI Raises $35M Series B for AI Physical Security
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Coram AI has raised $35 million in Series B funding to accelerate its AI-native physical security platform. The Sunnyvale, California company’s raise brings its total capital to $66 million.
The round was co-led by Ansa Capital and Battery Ventures, with additional participation from UP.Partners, 8VC and Mosaic Ventures. Founded by Ashesh Jain and Peter Ondruska, Coram AI takes an approach rooted in autonomous vehicle technology, applying techniques originally developed for self-driving cars to the problem of physical security.
A key part of the company’s pitch is that organizations do not need to rip out and replace their existing hardware. Coram AI’s software is designed to modernize physical security infrastructure by working with cameras and systems that are already in place, layering intelligence on top rather than requiring an expensive overhaul. That makes adoption easier for the kinds of large, established institutions the company is targeting.
The growth behind the raise is substantial. Since closing its $13.8 million Series A round last year, Coram AI has reported a fourfold increase in revenue and a tripling of its customer base. More than 1,500 sites across the United States and Canada now use its technology, including Fortune 500 companies, educational institutions, healthcare providers, manufacturers, municipalities and nonprofit organizations. That spread across sectors suggests broad applicability rather than reliance on a single market.
With the new funding, Coram AI plans to significantly expand its sales capacity while continuing to invest in AI product development and customer success. The strategy points to a company trying to convert strong early traction into scale, betting that organizations will increasingly want intelligent software layered over the security cameras they already own rather than traditional surveillance systems that simply record.