Hakimo, a Menlo Park, CA-based technology company dedicated to modernizing physical security through its artificial intelligence (AI) software, announced that it raised $6 million in new funding.
The round was led by Rocketship.vc, with participation from existing investors Neotribe Ventures, defy.vc, and Firebolt Ventures and new investors Carrier Global Corporation, through its venture capital group, Carrier Ventures, and well-known physical security industry entrepreneur John L. Moss.
Hakimo will use the capital to further accelerate product development and expand into new markets. This round of investment brings Hakimo's total raised to $10 million to date.
“Hakimo provides a much-needed automation platform that helps a wide range of organizations improve security in this resource-constrained environment,” said Sam Joseph, Co-Founder, and CEO, Hakimo. “We’re proud to be transforming the industry and are grateful for the support of our customers, partners, and investors as we continue on this journey together.”
The Hakimo platform uses computer vision and machine learning to automate the monitoring of physical security sensors such as cameras and badge readers.
The platform also provides the option to communicate warnings through speakers when it detects unwanted activity, such as a person entering an area where they do not belong.
Company: Hakimo, Inc.
Raised: $6.0M
Round: Unknown
Funding Month: April 2023
Lead Investors: Rocketship.vc
Additional Investors: Neotribe Ventures, defy.vc, Firebolt Ventures, and Carrier Global Corporation
Company Website: https://www.hakimo.ai/
Software Category: AI-Powered Physical Security Monitoring
About the Company: Founded by Sam Joseph and Sagar Honnungar, Hakimo is a technology company that builds a smart physical security monitoring platform powered by artificial intelligence. The Hakimo platform natively integrates with most enterprise video and access control systems to provide a unified solution that responds to alarms automatically, exposes potential insider threats, and detects faulty cameras and door hardware. Hakimo customers range from Fortune 500 companies to airports to auto dealerships. The company has also forged alliances with leading physical security providers such as LenelS2, which is part of Carrier and has been recognized with prestigious security industry awards including the Security Industry Association’s 2022 New Products and Solutions Judges’ Choice award.
Source: https://www.hakimo.ai/news/hakimo-raises-6m-as-demand-for-smarter-physical-security-increases