MokSa.ai's software works with a range of internet-connected security cameras to detect suspicious activity and sends real-time notifications to the customer dashboard. The company also offers a monthly subscription that scales based on the number of cameras in use. Customers can pay extra for an operator to call them when the system detects an event. MokSa.ai has just signed a contract with Royal Ozarks, a large commercial real estate developer, to deploy its system across 150 store locations, which is expected to increase its annual recurring revenue to over $1 million this year.
Key takeaways:
- Nikhil Teja Kolli, a former convenience store worker who was held at gunpoint twice, started a business called MokSa.ai that uses artificial intelligence-enabled security cameras to help businesses curb theft and employee fraud.
- MokSa.ai has already secured a number of paying customers and is generating $20,000 a month in recurring revenue. It recently closed $1.5 million in a funding round led by Array Ventures.
- The company's software works with a range of internet-connected security cameras and sends real-time notifications of suspicious activity to the customer dashboard. It also offers a monthly subscription service that scales based on the number of cameras in use.
- MokSa.ai is now preparing for growth, having just signed a contract with Royal Ozarks to deploy its system across 150 store locations. This partnership is expected to increase its annual recurring revenue to over $1 million this year.