Funding Round attributes
Actuate, a company specializing in artificial intelligence (AI)-driven remote video guarding solutions, has announced the successful closure of an $11.5 million funding round. This investment will be used to advance the company’s technology and expand its market reach in the security and surveillance sector.
The funding round attracted investment from a variety of sources, including venture capital firms and institutional investors. The press release notes that while the specific names of all investors were not disclosed, the round included contributions from both existing and new investors who recognize the potential of Actuate’s innovative solutions.
Actuate’s core offering is its AI-powered remote video guarding system, which leverages advanced algorithms and machine learning to enhance security monitoring and incident response. The company's technology aims to provide more efficient and effective surveillance compared to traditional methods, by automating the detection of security threats and enabling rapid response.
