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About Volt AI
Industries
Cybersecurity
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$12M
Headquarters
Washington, District of Columbia
Founded
2019
Overview
Volt AI provides AI-driven security solutions that enhance surveillance capabilities by integrating with existing camera systems. Their products include advanced monitoring features that deliver real-time insights across all cameras, a 3D mapping system for effective incident management, and an edge device that can be installed quickly. This system is designed to minimize false alarms, achieving a 99.9% accuracy rate, which helps clients save costs while improving security. Unlike many competitors, Volt AI offers a plug-and-play design that allows for immediate use, making it easier for clients in commercial, industrial, and public spaces to implement their solutions. The company's goal is to provide reliable and efficient security measures that adapt to the needs of various environments.
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
$12M
Below
Industry Average
Funded Over
1 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 0%2 year growth
↑ 23%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.
Volt AI is Hiring for 1 Jobs on Simplify!
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About Volt AI
Industries
Cybersecurity
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$12M
Headquarters
Washington, District of Columbia
Founded
2019
Volt AI is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today