Physical security startup Hakimo has secured $12 million in a funding round led by Zigg Capital, bringing its total raised capital to $32 million. The company plans to use these funds to improve its AI-powered monitoring platform and expand into new safety and compliance sectors.
Hakimo, a technology company that uses artificial intelligence to monitor physical security systems, has raised $12 million in a new round of funding. This investment was led by Zigg Capital, with participation from existing investors including Neotribe Ventures, Vertex Ventures, Defy.vc, and Rocketship.vc. The latest capital injection brings the startup’s total funding to $32 million since its inception.
The company, founded by Sam Joseph and Sagar Honnungar, provides software that integrates with existing security camera systems. Its technology uses computer vision to detect security threats in real-time, which the company claims helps reduce the need for manual monitoring and improves response times for security teams.
Hakimo plans to direct the new capital toward product development and increasing its workforce. While its primary business remains focused on physical security, the startup is looking to broaden its software platform to include safety management and regulatory compliance tools. This move aims to help the company transition from a niche security provider to a broader platform for property management.
The firm has reported rapid growth over the past year, noting that it has tripled its year-on-year revenue and grown its customer base to more than 300 clients. To support this growth, Hakimo recently hired a new Chief Revenue Officer, Bret Knobelauch, and introduced a forensic search tool designed to help users scan camera footage more quickly.
From an investor perspective, the company is operating in the intersection of real estate technology and artificial intelligence. The demand for such tools is often linked to the real estate sector’s need to balance lower operational costs with high safety standards. Investors looking at this sector should track whether Hakimo can successfully scale its new product features beyond its core security offering and maintain its revenue growth trajectory in a competitive market for AI-driven enterprise software.
The key monitorables for the company moving forward will include its ability to secure enterprise-level contracts outside of its current client base and the successful integration of its safety and compliance features. Investors will also watch how effectively the company manages its increased headcount and spending while working toward long-term profitability.