Coram AI, the AI-native physical security platform co-founded by IIT Delhi alumnus Ashesh Jain, has raised $35 million in a Series B funding round, taking its total capital raised to $66 million. The round was co-led by Ansa Capital and Battery Ventures, with participation from UP.Partners, 8VC and Mosaic Ventures. According to reports from Business Standard, the funding comes amid rapid growth for the company, which has achieved a fourfold increase in revenue and tripled its customer base since raising its $13.8 million Series A round last year.
The company plans to use the new capital to accelerate AI product development, expand go-to-market teams, strengthen customer success, and grow its engineering presence in India. As reported by Business Standard, Coram will expand its engineering team in its Bengaluru office, hiring across AI, software engineering and product development functions. The company views India as a key hub for building next-generation AI technologies that power its global platform.
According to Business Standard, Coram centralises workflows in a single AI platform, without requiring teams to replace the cameras and infrastructure they already own. The company's Deep Investigation capability moves beyond text-based video search to autonomous security agents that can analyse video, access events and visitor activity across cameras, locations and time. More than 1,500 sites across the US and Canada, including Fortune 500 companies, rely on Coram to modernise security operations using infrastructure they already own.
As reported by Business Standard, Hershey's Ice Cream uses Coram across facilities that produce millions of gallons of ice cream annually for nationwide distribution. Stephen Hoffer, IT director at Hershey's Ice Cream, stated that the system works in the background so staff can focus on their actual jobs, calling it one of the best investments in food safety and employee safety across their properties. The company serves Fortune 500 companies, major school districts, healthcare providers, manufacturers and municipalities.
According to Business Standard, Allan Jean-Baptiste, co-founder and managing partner at Ansa Capital and a Coram board member, noted that physical security is one of the largest industries yet to be transformed by modern AI. Marcus Ryu, general partner at Battery Ventures and a board member at Coram, highlighted that Coram's hardware-enabled software anchors intelligence in first-party data to deliver capabilities far beyond what traditional security systems can offer.
