Hakimo, provider of an artificial intelligence (AI) software platform that automates routine security monitoring, announced $6 million in new funding led by Rocketship.vc.
The funding round also included participation from existing investors Neotribe Ventures, defy.vc and Firebolt Ventures, as well as new investors Carrier Global Corp. through its venture capital group, Carrier Ventures, and physical security industry entrepreneur John L. Moss.
Hakimo will use the capital to further accelerate product development and expand into new markets, according to the announcement.
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 an option to communicate warnings through speakers when it detects unwanted activity such as a person entering an area where they do not belong.
The combination of automated monitoring and response is said to help security teams save time and money while proactively deterring and preventing security breaches from occurring.
Based in Menlo Park, Calif., Hakimo says its platform also 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 has raised $10 million to date including its $4 million seed round announced in late 2021. Since then, Hakimo has gained numerous customers ranging 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.
In addition, the Security Executive Council, a leading research and advisory firm governed by former corporate chief security officers, validated the efficacy of the Hakimo solution. Recently, National Safe Skies Alliance, a nonprofit organization funded by the Federal Aviation Administration (FAA), completed an operational test and evaluation of the solution.
“AI is redefining how a broad spectrum of industries do business,” said Anand Rajaraman, founding partner, Rocketship.vc. “Physical security is one such industry that has all the ingredients needed for an AI overhaul, and we’re excited to support Hakimo in that endeavor.”