What is Actuate?
Founded in 2018, Actuate specializes in AI-driven intruder detection, utilizing existing security cameras to monitor spaces for people and weapons. The software provides real-time alerts with video evidence to mobile devices or Video Management Systems (VMS), enhancing facility protection without requiring new hardware. This innovative approach positions Actuate as a key player in the evolving landscape of security technology, offering advanced threat detection capabilities.
How much funding has Actuate raised?
Actuate has raised a total of $19.5M across 2 funding rounds:
Series A
$8M
Other Financing Round
$11.5M
Series A (2021): $8M with participation from Tribeca Venture Partners, Scribble Ventures, OCA Ventures, and Context Ventures
Other Financing Round (2024): $11.5M led by Tensility Venture Partners, Bling Capital, and Tribeca Venture Partners
Key Investors in Actuate
Tribeca Venture Partners
Tribeca Venture Partners is a multi-stage venture capital firm based in New York that partners with entrepreneurs to leverage emerging technologies and innovative business models. The firm is dedicated to supporting gritty and determined founders in building category-defining companies.
Tensility Venture Partners
Tensility Venture Partners is an early-stage venture capital firm focused exclusively on AI-first software and services since 2017. They invest in entrepreneurs who are transforming industries through innovative applications of artificial intelligence, particularly in deep tech areas.
Bling Capital
Bling Capital is an early stage venture fund focused on assisting seed stage entrepreneurs in finding product-market fit. The firm offers support to companies that have achieved product-market fit to help them scale effectively.
What's next for Actuate?
The recent major strategic investment signals a pivotal phase for Actuate, likely enabling the company to accelerate product development, expand its market reach, and enhance its AI capabilities. This capital infusion is expected to fuel further innovation in intruder detection technology, potentially leading to broader adoption across various industries requiring robust security solutions. Actuate's focus on leveraging existing infrastructure for advanced threat detection suggests a scalable business model poised for significant growth.
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