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About Volt AI
Industries
Cybersecurity
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$11.7M
Headquarters
Washington, District of Columbia
Founded
2019
Overview
Volt AI provides AI-driven security solutions that enhance the safety of various environments, including commercial facilities, industrial sites, and public spaces. Their product integrates with existing camera systems and features a plug-and-play design, allowing for quick installation and immediate use. The core functionalities include AI monitoring for comprehensive environmental awareness, a 3D mapping system for effective incident management, and an edge device that can be set up in minutes. Volt AI's system is designed to minimize false alarms, achieving a 99.9% accuracy rate by notifying users only of real events. This focus on reliability sets Volt AI apart from competitors, as it helps clients reduce costs while significantly improving their security measures. The company's goal is to provide scalable and efficient security solutions that meet the needs of diverse clients.
Simplify's Take
What believers are saying
- Growing AI budgets provide more resources for Volt AI's technology development.
- Increased demand for AI security in urban areas expands Volt AI's market reach.
- Interest in AI integration aligns with Volt AI's easy-to-adopt solutions.
What critics are saying
- Competition from NYC-based AI startups could challenge Volt AI's market position.
- Budget constraints may limit client spending on security solutions.
- Rapid AI advancements require continuous updates, straining Volt AI's resources.
What makes Volt AI unique
- Volt AI offers a plug-and-play design for seamless integration with existing systems.
- Their AI monitoring ensures 99.9% accuracy, reducing false alarms significantly.
- Volt AI's 3D mapping system enhances incident management for diverse environments.
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Funding
Total Funding
$11.7M
Below
Industry Average
Funded Over
1 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 10%2 year growth
↑ 22%Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking Alpha, citing research by Wedbush. As the report notes, it’s a dramatic jump in AI spending, which last year accounted for under 1% of IT spending. “While the first wave of the AI Revolution is being led by the Godfather of AI Jensen and Nvidia along with Nadella/Redmond … now the 2nd/3rd/4th derivatives of this $1 trillion of spending over the next decade is hitting the shores of the tech sector,” a Wedbush note said
New York City, the concrete jungle where dreams are made, is now dreaming of a new kind of dominance: artificial intelligence. The metropolis, long known for its towering skyscrapers and fast-paced financial district, is setting its sights on becoming the next Silicon Valley, according to a report by Accenture and interviews with business leaders and AI experts. From the bustling streets of Manhattan to the hipster havens of Brooklyn, the city is abuzz with talk of AI. Companies are funneling resources into AI while the city’s professionals seek to capitalize on this emerging technology’s potential
Series A Round Fuels Volt AI's Ongoing Mission to Elevate Safety & Security for Organizations and Communities.
There are no jobs for Volt AI right now.
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About Volt AI
Industries
Cybersecurity
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$11.7M
Headquarters
Washington, District of Columbia
Founded
2019
There are no jobs for Volt AI right now.
Find jobs on Simplify and start your career today