Ambient.ai, a San Jose, CA-based company specializing in AI-powered computer vision intelligence (CVI) for the physical security industry, has received a $20 million strategic growth investment.
SaaS Investors
The investment was from Allegion Ventures. This funding brings Ambient.ai's total funding to over $72 million.
Allegion Ventures is the corporate venture fund of Allegion. It invests in and accelerates the growth of companies with innovative technology or software that bridges physical and digital security and creates seamless user experiences.
Ambient.ai Use of Funds
The company plans to use the funds to expand its partner ecosystem and integrations with other security products, along with further investing in research and development.
About Ambient
Founded in 2017 by Shikhar Shrestha and Vikesh Khanna, Ambient.ai is a computer vision intelligence company that delivers an AI-powered physical security platform that helps enterprise organizations reduce risk, improve security operation efficiency, and gain critical insights. Seven of the top 10 U.S. technology companies, along with multiple Fortune 500 organizations across a variety of industries, leverage Ambient.ai to unify their security infrastructure and significantly enhance their security posture.
Funding Details
Company: Ambient AI, Inc.
Raised: $20.0M
Round: Strategic Growth Investment
Funding Month: October 2023
Lead Investors: Allegion Ventures
Additional Investors:
Company Website: https://ambient.ai/
Software Category: AI-powered Physical Security Platform
Source: https://www.prnewswire.com/news-releases/ambientai-raises-20m-strategic-growth-investment-from-allegion-ventures-301971405.html