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Allegion Ventures invests in AI company with technology designed to enhance threat detection

November 6, 2023  By  SP&T Staff

Allegion Ventures, the corporate venture fund of Allegion, announced it has made a US$20 million investment in Ambient.ai, an AI-powered computer vision intelligence (CVI) company.

Based in San Jose, Calif., Ambient.ai applies AI and CVI to existing security camera infrastructure allowing their platform to deliver what the company calls “near human-level visual perception that analyzes actions and situational context to create efficient and accurate threat detection.”

“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,” said Allegion president and CEO John H. Stone. “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.”

Ambient.ai was founded in 2017 by CEO Shikhar Shrestha and chief technology officer Vikesh Khanna. Allegion Ventures president Rob Martens will serve as a board observer for Ambient.ai.

“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.”

Additional terms of the Allegion Ventures deal have not been disclosed.

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