Actuate, a leading innovator in computer vision technology for remote video guarding, announced the successful closing of an $11.5 million funding round. This funding was led by Gray Line Partners, with significant contributions from existing investors Tribeca Venture Partners, Bling Capital, Tensility Venture Partners, and Upside Partnership.
The remote video guarding industry is one of the fastest growing segments in the physical security industry, driven by increasing waves of organized property crime and the challenges in security guard hiring. And Actuate’s AI solutions are instrumental in enabling remote video guarding operations, allowing a handful of operators to monitor thousands of cameras effectively.
This new funding round will enable Actuate to accelerate its growth, enhance its cutting-edge technology, and expand its market presence. As a pioneer in AI-driven security solutions, Actuate leverages advanced computer vision to provide unparalleled remote monitoring and protection, ensuring safety and operational efficiency for a wide range of industries.
Actuate’s platform utilizes the power of AI and computer vision to offer highly accurate, real-time monitoring and threat detection, significantly reducing the need for manual oversight. And the company’s solutions are designed to enhance security protocols, minimize response times, and provide actionable insights for proactive threat management.
The funding marks a major moment for Actuate as it aims to further its mission of redefining remote video guarding and establishing new benchmarks in security technology.
KEY QUOTES:
“We’ve very metrics-driven in terms of the operational efficiency of our monitoring center. Ever since we moved our cameras to Actuate, we achieved the lowest false alarm rate in company history.”
- Nathan Varn, Vice President of Sales of Envera Systems
“Actuate is making businesses and people safer. Their AI is more accurate than the competition and they have incredible trust across the ecosystem. We’re very excited to support Actuate as they continue to push the industry forward.”
- Eddie Kang, Managing Partner at Gray Line Partners
“This funding is a significant milestone for Actuate. It will allow us to deepen our technical moat and scale our market share within the industry. We are excited to partner with Gray Line and our other esteemed investors to drive the next phase of our growth. With this support, we will continue to push the boundaries of what’s possible in video surveillance and security.”
- Sonny Tai, CEO of Actuate
