Helia receives $3million fund from Neo, Abstract Ventures and Kevin Hartz

By VARINDIA - 2020-11-27

Helia receives $3million fund from Neo, Abstract Ventures and Kevin Hartz

Helia announces that it has raised USD 3 million. The funding round was led by some of the top venture capital firms and investors in Silicon Valley including Neo, Abstract Ventures and Kevin Hartz, the cofounder and chairman of Eventbrite.

 

Helia’s SaaS platform enhances physical security within enterprises by autonomously reviewing security camera footage in real time. Rather than requiring large teams of human guards, Helia uses cutting edge deep learning to monitor cameras for security events, and alerts teams of breaches instantaneously, before they escalate into security incidents. Helia does this without requiring specialized cameras. Instead, it integrates with existing security cameras, processes their feeds on an enterprise’s premises using Helia’s deep learning stack, and centralizes results to the cloud where they can be viewed securely.

 

Helia has worked extensively with teams in India on product development, particularly in start-up hubs like Bangalore that are filled with deeply technical and entrepreneurial teams. Furthermore, Ashwin has deep connections to India, having spent the majority of his life in Cochin, Kerala.

 

“We are honored to have this incredible group of investors backing our vision and helping Helia on its journey” said Ashwin Sreenivas, co-founder of Helia. There is growing demand within enterprises for security teams to change posture from reactive to proactive. Rather than simply addressing the consequences of a breach, Helia allows security teams to prevent the incident altogether.

 

* Helia's AI autonomously monitors all existing security cameras, and alerts security teams of breaches in real time, allowing officers to respond before the breach can escalate.

* Breach detection ensures that only authorized employees have access to spaces.

* Enterprise risk reports quantify risk over time allowing security leaders to uncover access control vulnerabilities and allocate guard staffing optimally


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