SAN FRANCISCO, CA, Spot AI announced today it has closed a $40 million Series B financing round led by Scale Venture Partners, bringing its total to $62 million in funding.
Also participating in the round are existing investors Redpoint Ventures, Bessemer Venture Partners, and new investors StepStone Group, and MVP Ventures. Hypergrowth Partners also joins Spot AI as an advisor and investor.
Spot AI was formed by engineers from Stanford, Cisco Meraki, and Samsara. The company is on a mission to create a safer and smarter physical world with the power of sight. With an AI camera system, Spot AI makes video footage actionable to help companies improve their security, safety, efficiency and customer experience.
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