Actuate, a leading innovator in computer vision technology for remote video surveillance, announced the successful closing of an $11.5 million funding round 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 surveillance industry is one of the fastest-growing segments of the physical security industry, due to increasing waves of organized property crime and challenges in hiring security personnel. And Actuate’s AI solutions are critical to enabling remote video surveillance, allowing a handful of operators to effectively monitor thousands of cameras.
This new round of funding 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 uses advanced computer vision to deliver unprecedented remote monitoring and protection, ensuring safety and operational efficiency for a wide range of industries.
Actuate’s platform leverages the power of AI and computer vision to provide highly accurate, real-time monitoring and threat detection, significantly reducing the need for manual monitoring. And the company’s solutions are designed to improve security protocols, minimize response times, and deliver actionable insights for proactive threat management.
The funding represents an important moment for Actuate as the company looks to advance its mission to redefine remote video surveillance and set new standards in security technology.
KEY QUOTES:
“We place a lot of emphasis on the metrics that relate to the operational efficiency of our surveillance center. Since we switched our cameras to Actuate, we have had the lowest false alarm rate in the company’s history.”
- Nathan Varn, Vice President of Sales, Envera Systems
“Actuate makes businesses and people safer. Their AI is more accurate than the competition and they are incredibly trusted across the ecosystem. We are thrilled to help Actuate continue to advance the industry.”
- Eddie Kang, Managing Partner at Gray Line Partners
“This funding is a significant milestone for Actuate. It will enable us to deepen our technical moat and increase our market share in the industry. We are excited to partner with Gray Line and our other valued investors to fuel the next phase of our growth. With this support, we will continue to push the boundaries of what is possible in video surveillance and security.”
- Sonny Tai, CEO of Actuate
