London and Amsterdam-based startup Plumerai, which develops an AI software solution for embedded devices, has raised $8.7 million in a Series A round. This brings its total funding to over $17 million.
- Co-founded in 2017 by Roeland Nusselder and Taras Iakymchuk, Plumerai builds licensable AI with an initial focus on home security cameras. Its software combines Tiny AI and Vision LLM, enabling features such as face recognition, stranger detection, people detection, vehicle detection, animal detection, and advanced motion detection.
- According to Plumerai, its solution is both faster and more cost-efficient, as it runs on battery-powered cameras and uses inexpensive off-the-shelf chips.
- Plumerai's customers already include Chamberlain Group, with its myQ and LiftMaster brands, whose products are found in over 50 million homes. The company is now expanding into enterprise security and retail.
"We’re going to make it possible for everyone to have their own AI security guard and assistant that never gets distracted, so they feel safer and calmer than ever before. It will warn you about a stranger in your backyard, a leaking water pipe, or simply help you find your keys. And it’s not just for the home, but for retail, offices, warehouses, elderly care, and more," says Roeland Nusselder, Founder and CEO at Plumerai.
- OTB Ventures, a pan-European deeptech VC, and Partech, a global investment firm, co-led the round. They were joined by Acclimate Ventures and existing backers.
- In addition to the funding, Plumerai also announced its first Vision LLM-powered features: AI Video Search, which helps users search for anything in their camera’s video history, and AI Captions, which describe what actions took place in a video.
- The new funding will be used to further scale Plumerai’s solution with its newly introduced Vision LLM features.
