Allegion Ventures (the corporate venture fund of Allegion plc) has recently made a $20 million investment in Ambient.ai, the artificial intelligence (AI) powered computer vision intelligence (CVI) company that’s transforming enterprise security operations to prevent security incidents before they happen.
Based in San Jose, California, Ambient.ai is applying AI and CVI to existing security camera infrastructure. This enables their platform to deliver near human-level visual perception that analyzes actions and situational context to create efficient and accurate threat detection.
Allegion Ventures President Rob Martens – who also serves as chief innovation and design officer at Allegion – emphasized that Ambient.ai is a true innovator in the marketplace. And Martens will serve as a board observer for Ambient.ai.
Ambient.ai was founded in 2017 by CEO Shikhar Shrestha and Chief Technology Officer Vikesh Khanna, both experts in artificial intelligence and deep learning.
The additional terms of the Allegion Ventures deal have not been disclosed.
KEY QUOTES:
“This is the largest and most significant investment in the history of Allegion Ventures, reflecting the tremendous potential we see for future collaboration between Ambient.ai and Allegion. Allegion’s connected hardware manages access and entry points, while Ambient’s platform provides contextual understanding to dramatically reduce false alarms in access control systems and vastly improve threat detection and response.”
- Allegion President and CEO John H. Stone
“We are thrilled to work with Ambient.ai. Shikhar and Vikesh are trailblazers in CVI and truly understand how technology can advance threat detection as well as safe access, people movement and data analytics,” Martens said. “They’re moving video surveillance from a reactive to a proactive resource, meeting evolving customer needs in physical security.”
- Allegion Ventures President Rob Martens
“As we kickstart this transformative partnership with Allegion, we’re propelled by our vision of a powerful AI platform, built on seamless integrations with leading security technologies. Allegion’s best-in-class products bring exciting possibilities to the table as we continue to deliver compelling solutions to prevent even the most complex security incidents.”
- Ambient.ai CEO Shikhar Shrestha
