Plumerai, London developer of AI solutions for cameras, today announced an $8.7 million Series A funding round. New investors Partech and OTB Ventures led the round, with support from Acclimate Ventures and existing investors.
This brings the total funding received to over $17 million.
Plumerai’s Tiny AI is already running on millions of cameras, and includes People, Vehicle, Animal & Package Detection, Familiar Face & Stranger Identification, and Multi-Camera People Tracking.
It’s faster, cheaper, private, runs on battery-powered cameras, and uses inexpensive and off-the-shelf chips.
With an initial focus on home security cameras, it is now rapidly expanding into Enterprise Security, Retail, and more.
In addition to the funding, Plumerai announced today its first Vision LLM-powered features:
- AI Video Search helps users search for anything in their camera’s video history, e.g. ‘person peering through a car window’.
- AI Captions accurately describe what actions took place in a video, enabling cameras to send rich notifications to their owners, such as ‘A delivery driver rang your doorbell, placed the package on the ground, and left again’.
These features unlock valuable new applications for Plumerai’s customers and are driven by the recent advances in multimodal LLMs that make it possible to draw deep insights from videos.
Plumerai’s Tiny AI, which runs on the edge when combined with its cloud-based Vision LLM, enables unmatched accuracy with record-low cloud inference costs.
Benchmarks performed by customers show Plumerai’s AI Video Search to be more accurate than cloud-only solutions such as Amazon Nova and Google Gemini, and to have cloud costs up to 135x lower.
“We are at an exciting point in time where powerful Vision LLMs are now both accurate and cost-efficient enough to open up valuable new use cases, thanks to our combination of on-device Tiny AI with cloud-based Vision LLMs,” says Roeland Nusselder, Founder and CEO at Plumerai.
“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. The trust of our partners and investors allows us to bring powerful AI into the physical world, beyond desktops and the cloud-"
Reza Malekzadeh, General Partner at Partech, says:
“There are many companies building great products but they struggle to add powerful AI features to their devices. Plumerai enables them to do this, move faster to market, with high-quality AI features, and lower development costs.
They are on track towards a future where trillions of intelligent edge devices are equipped with their AI.”
“We are particularly impressed by the strength of Plumerai’s technology and product, which has clearly outperformed in every technical evaluation performed by customers,” adds Marcin Hejka, Managing Partner at OTB Ventures.
“Since customers can use simple over-the-air software updates to activate Plumerai’s AI on devices that are already in the field, Plumerai has been able to scale up quickly with rapid ARR growth as a result.
We look forward to working with Roeland and the entire team on this next stage of growth.”
The new funding will drive Plumerai’s ambition to enable trillions of intelligent devices, a future that is now accelerated by its new Vision LLM features.
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