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Spot AI raised $31M in a funding round led by Qualcomm Ventures to launch its Video AI Agents aimed at enhancing workplace safety and operations.

Oct 31, 2024•9 months ago

Amount Raised

$31 Million

San FranciscoMachine LearningArtificial IntelligenceSoftwareAnalytics

Investors

Cheyenne VenturesMvp VenturesGs BackersBessemer Venture PartnersRedpoint VenturesStep Stone GroupScale Venture PartnersQualcomm Ventures

Description

Spot AI, a video AI startup, has secured $31 million in new equity funding, bringing its total raised to $93 million. The funding round included participation from new investor Qualcomm Ventures and several existing investors, enabling the launch of Video AI Agents to improve workplace safety and operations.

Company Information

Company

Spot AI

Location

San Francisco, California, United States

About

Spot AI brings Video AI to the physical world, helping organizations see, understand, and improve their workspaces. Built on 1B+ hours of video data and trusted by 1,000+ leading businesses, we deliver measurable ROI in safety, operations, and security across manufacturing floors, retail stores, schools, hospitals, and beyond. Our mission: Turn every camera into a source of business value—helping organizations build safer, smarter, and more efficient spaces.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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