MokSa.ai, a Detroit, Michigan-based startup specializing in AI-enabled security cameras to combat theft and employee fraud, has closed $1.5 million in pre-seed funding.
Investors
The round was led by Array Ventures, with participation from Jay Farner, former CEO of Quicken Loans, and The Fund Midwest.
Array Ventures is a venture capital firm that invests in founders passionate about solving problems for businesses. The firm makes investments in startups operating in the technology, deep technology, artificial intelligence, machine learning, and big data sectors. Founded in 2015, and based in San Francisco, California.
MokSa.ai Use of Funds
The funding will fuel MokSa.ai's growth plans, including expanding its sales and customer support teams and releasing a mobile app for on-the-go notifications.
About MokSa.ai
Founded in 2021 by Nikhil Kolli and Kranthi Mottu, MokSa.ai provides a video intelligence solution. Their offerings include theft detection, employee tracking, identification of most visited locations in stores, analysis of busiest days, and more, for all business locations. The company operates on a subscription-based model, charging a monthly fee based on the number of cameras used. Leveraging computer vision and AI technologies, MokSa.ai's system automates surveillance tasks, enabling real-time detection of suspicious activities and sending alerts to customers' dashboards.
Funding Details
Company: MokSa.ai
Raised: $1.5M
Round: Pre-Seed Round
Funding Month: March 2024
Lead Investors: Array Ventures
Additional Investors: Jay Farner, The Fund Midwest
Company Website: https://www.moksa.ai/
Software Category: Video Surveillance
Source: https://www.businessinsider.com/security-startup-moksa-ai-raises-pre-seed-funding-array-ventures-2024-4