Spot AI Inc. has raised $31 million in fresh funding for its AI-powered video processing platform.
The funding round included contributions from investors, including Qualcomm Ventures.
Spot AI's Intelligent Video Recorder (IVR) connects to security cameras, storing footage and offering AI-powered features for easier review and search.
The company's platform, used by 1,000 customers across 17 industries, has processed billions of hours of footage since its launch in 2020.