Hakimo, an AI-powered physical security startup, has raised $12 million in a new funding round led by existing investor Zigg Capital. Other investors in the round include Neotribe Ventures, Vertex Ventures SE Asia & India, Defy.vc, and Rocketship.vc. With this latest investment, the company’s total funding has now reached $32 million.
The company plans to use the new funds to improve its AI platform, enter new markets, expand into different industries, and hire more employees. Founded by entrepreneurs Sam Joseph and Sagar Honnungar, Hakimo develops AI-based security solutions that work with existing CCTV camera systems. Instead of asking businesses to install new cameras or replace existing systems, Hakimo’s software connects with the cameras they already use.Â
Hakimo uses artificial intelligence and computer vision to monitor properties, detect unusual activities, and alert security teams in real time. The company also plans to expand its AI platform beyond security. In the future, it wants to support workplace safety, compliance monitoring, and customer experience by providing automated insights from surveillance systems.
Hakimo has seen strong growth over the past year. The company said its revenue tripled over the past 12 months, marking its third straight year of tripled revenue growth. It has also increased its customer base to more than 300 customers and doubled its workforce. Its customers include Fortune 500 companies, commercial property owners, and real estate businesses.Â
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According to the company, its technology allows one security operator to monitor multiple locations, reducing the need for larger security teams. Based in Menlo Park, California, Hakimo is part of the growing physical AI industry, where AI is used to improve the management and safety of real-world environments.
