California-headquartered AI startup Coram AI, co-founded by IIT Delhi alumnus Ashesh Jain, has raised $35 million in a Series B round of funding co-led by Ansa Capital and Battery Ventures, with participation from UP.Partners, 8VC, and Mosaic Ventures.
A company statement said, Coram AI will use the fresh capital towards AI product development, expand go-to-market teams, strengthen customer success, and grow its engineering presence in India.
The startup also plans to 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 Coram AI, modern physical security teams face increased threats, fewer staff, and more systems to keep track of and most software is siloed and requires on-site monitoring to be effective.
