Security technology company raises millions to accelerate growth

Security technology company raises millions to accelerate growth

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Hakimo has recently confirmed that it has raised $6m in funding which will be utilised to enhance product development and expand into new markets.

The funding was led by with participation from existing investors Neotribe Ventures, and Firebolt Ventures.

In addition, the funding was supported by Carrier Global Corporation, through its venture capital group, Carrier Ventures, as well as physical security industry entrepreneur John L. Moss.

“Transforming the industry”

The monitoring of physical security sensors, such as cameras and badge readers, is automated by the Hakimo platform through the use of computer vision and machine learning.

Additionally, the platform offers the capability to issue warnings via speakers in the event of unauthorised activity, such as a person entering a restricted area.

Hakimo has raised $10m to date including its $4m seed round announced in late 2021. The company has gained numerous customers ranging from Fortune 500 companies and airports to auto dealerships.

“AI is redefining how a broad spectrum of industries do business,” explained Anand Rajaraman, Founding Partner, “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 endeavour.”

Sam Joseph, Co-Founder and CEO, Hakimo added: “Hakimo provides a much needed automation platform that helps a wide range of organisations improve security in this resource-constrained environment.

“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.”

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