Hakimo Raises $12M to Expand AI Security & Innovation

AI-powered physical security startup Hakimo has raised $12 million in a new growth funding round. This brings their total funding to $32 million. The California-based company plans to use this capital to speed up product innovation and expand into new markets. They also aim to strengthen their workforce. Hakimo uses computer vision, a form of AI, to analyze existing surveillance camera feeds. Their software integrates with current security systems to spot potential incidents and reduce false alarms. In the past year, Hakimo tripled its annual revenue and increased its customer base to over 300 organizations. Their platform monitors millions of square feet of real estate and has helped customers cut security incidents by up to 60%. This funding shows strong investor interest in AI-led businesses, especially as the physical security industry looks for AI solutions due to rising labor costs and personnel shortages.