IIT Delhi alumnus co-founded Coram AI raises $35 million in Series B

California-headquartered AI startup Coram AI, co-founded by IIT Delhi alumnus Ashesh Jain, has raised $35 million in a Series B round of funding co-led by Ansa Capital and Battery Ventures, with participation from UP.Partners, 8VC, and Mosaic Ventures.

A company statement said, Coram AI will use the fresh capital towards AI product development, expand go-to-market teams, strengthen customer success, and grow its engineering presence in India.

The startup also plans to expand its engineering team in its Bengaluru office, hiring across AI, software engineering, and product development functions.

The company views India as a key hub for building next-generation AI technologies that power its global platform.

According to Coram AI, modern physical security teams face increased threats, fewer staff, and more systems to keep track of and most software is siloed and requires on-site monitoring to be effective. This startup centralises those workflows in a single AI platform.

"Most security systems just record what happened. Only later, after a manual search, might you find the incident," said Ashesh Jain, co-founder and CEO of Coram AI.

"We spent years building AI that helps cars read a scene and act before someone gets hurt. The same approach protects the places people live and work: catch risks earlier, and keep schools, hospitals, and workplaces safer instead of just documenting what went wrong."

Coram AI claimed that it has achieved 4x increase in revenue and tripled its customer base since raising its $13.8 million Series A funding last year.

As part of its continued investment in AI-powered security operations, Coram is introducing Deep Investigation. The capability moves beyond text-based video search to autonomous security agents that can analyse video, access events, and visitor activity across cameras, locations, and time, answering complex security and operational questions with evidence attached.

"Physical security is one of the largest industries yet to be transformed by modern AI," said Allan Jean-Baptiste, co-founder and managing partner at Ansa Capital and Coram board member. "Coram's founders bring a rare combination of frontier AI expertise and deep conviction about where the market is headed.”