Spot AI raises $93M — turning every camera into an AI teammate Rish Gupta unveils Iris at Google Cloud Next '25 1,000+ customers across 17 industries Spot AI processes more daily video than YouTube receives in uploads 40% injury reduction in manufacturing with Video AI Agents Qualcomm Ventures leads Series B alongside Redpoint, Bessemer, Scale Forbes Cloud 100 Rising Star — Spot AI Rish Gupta: "Imagine ChatGPT, but with eyes" Spot AI raises $93M — turning every camera into an AI teammate Rish Gupta unveils Iris at Google Cloud Next '25 1,000+ customers across 17 industries Spot AI processes more daily video than YouTube receives in uploads 40% injury reduction in manufacturing with Video AI Agents Qualcomm Ventures leads Series B alongside Redpoint, Bessemer, Scale Forbes Cloud 100 Rising Star — Spot AI Rish Gupta: "Imagine ChatGPT, but with eyes"
Co-founder & CEO  /  Spot AI

Rish
Gupta

Making the physical world see - and think.

The man who decided to start a company in the last six kilometers of a Bombay marathon is now processing more video daily than YouTube. He calls his cameras AI teammates. The warehouse doesn't argue.

Spot AI $93M Raised Stanford GSB '18 Forbes Cloud 100 San Francisco
Rish Gupta, Co-founder & CEO of Spot AI

Rish Gupta — Spot AI

Cameras that don't just watch - they act.

There are roughly a billion security cameras in the world. Before Spot AI, almost all of them did exactly one thing: record. Nobody watched the footage unless something had already gone wrong. The evidence existed, but the intelligence didn't.

Rish Gupta looked at that billion-camera graveyard and asked a different question. Not "how do we store this footage better?" but "what happens when every one of those cameras can think?"

The answer, as of October 2024, is Video AI Agents - autonomous software that sees your physical space, reasons about what's happening, and acts in real time without waiting for a human to catch up. A camera that notices someone using bolt cutters at 2am doesn't just flag it for the morning shift review. It responds.

Spot AI's platform now serves 1,000+ businesses across manufacturing floors, hospital corridors, retail stores, school campuses, and government facilities. It indexes more than twice the daily video that YouTube receives in uploads. And it's doing this not in data centers humming in climate-controlled rooms, but at the edge - on the same camera infrastructure that companies already own.

Rish calls this "the physical economy." Manufacturers, warehousing operations, healthcare facilities - the workers and workplaces that keep actual things moving in the actual world, and who have historically been the last to get good software. His ambition is simple and enormous: give them the AI tools they've always deserved but never had access to.

$93M
Total funding raised
1,000+
Enterprise customers
17
Industries served
2x
Daily video volume vs. YouTube uploads

Key People

  • Co-founder Tanuj Thapliyal (Executive Chairman)
  • Co-founder Sud Bhatija (CGO)
  • Mentor: Sanjit Biswas, CEO Samsara

Investors

  • Qualcomm Ventures (lead, Series B)
  • Redpoint Ventures
  • Bessemer Venture Partners
  • Scale Venture Partners
  • StepStone Group
"Imagine ChatGPT, but with eyes."
- Rish Gupta, Co-founder & CEO, Spot AI

What happens when cameras start thinking

Spot AI's customers don't just buy software. They report measurable outcomes - the kind that make CFOs sign off and operations managers sleep better.

Manufacturing
Injury reduction
40%
Auto Services
ROI achieved
8X
Auto Services
Revenue increase
10%
Education
Fewer minutes resolving incidents
80%

The last six kilometers

Bombay. One hundred degrees. A marathon in its final stretch. The human body had been moving for over four hours and the rational decision was to stop thinking and just survive the road ahead. Rish Gupta chose that moment to start a company.

The thought wasn't poetic. It was practical: "If I can push through this, I can start the company tomorrow." He finished the race. He started the company. That company became LetsIntern.com - an internship platform that bridged the gap between India's universities and its workplaces at a scale nobody had managed before. Four million users. Sixty employees. Acquired in 2015.

The marathon origin isn't just a good story. It tells you something about how Rish operates. He's made for long games. He doesn't quit when it hurts. And when the world is screaming at him to slow down, he finds clarity.

Before LetsIntern, there was the bus advertising business he built at 19 - placing ads on vehicles traveling through rural India and generating several million rupees in six months. Before that, there were math Olympiads and swimming pools and the kind of childhood in Delhi that prepares you for a certain kind of intellectual ambition but not necessarily for starting companies with no money and no blueprint.

He sold LetsIntern and moved to Silicon Valley. Not for the weather. For the intersection of hardware and software - a conviction that crystallized in his first year at Stanford's Graduate School of Business, where he studied alongside two people who would become his co-founders: Tanuj Thapliyal and Sud Bhatija.

The three of them had a question that seemed almost too simple. Everywhere they looked, companies had cameras. Thousands of cameras. Hours of footage accumulating daily. And nobody was using any of it unless there was already a crime to investigate. The footage was an asset that cost money to maintain and delivered almost no ongoing value.

What if that changed?

Education

Undergrad
Economics (Hons), Delhi University
Graduate
MBA, Stanford Graduate School of Business, 2016-2018

Career Arc

  • Bus advertising (age 19, India)
  • Co-founder, LetsIntern.com (4M+ users, acquired 2015)
  • Stanford GSB MBA (2016-18)
  • Senior PM, Samsara
  • Angel: Bridgewater, Founder Collective
  • Co-founder, Spot AI (2019)
  • CEO, Spot AI (2023-present)

Company

Founded
2019, San Francisco
Employees
~130
HQ
94105, San Francisco, CA
Website

From Bombay to the physical edge of AI

Age 19
Builds a bus advertising network in rural India. Generates several million rupees in six months. Learns that spotting an underserved market is more valuable than any MBA case study.
2011
Co-founds LetsIntern.com to bridge the gap between India's universities and its companies. Grows it to 60+ employees and 4 million users without knowing anything about business at the start.
2015
LetsIntern.com acquired. Packs up and moves to Silicon Valley to chase the intersection of hardware and software - a contrarian bet when the world was busy building apps.
2016-2018
Attends Stanford Graduate School of Business. Meets future co-founders Tanuj Thapliyal and Sud Bhatija. Spends summers exploring investing at Bridgewater and Founder Collective.
2018
Joins Samsara as Senior Product Manager. Learns the hardware-software stack from the inside. Becomes convinced that physical-world AI is wildly underbuilt.
2019
Co-founds Spot AI with Tanuj and Sud. Initial mission: make video footage actually useful for businesses that already own cameras.
2021
Spot AI named a Forbes Cloud 100 Rising Star. The video intelligence bet starts to look less contrarian and more prophetic.
2023
Steps up to CEO when co-founder Tanuj steps back due to a family health emergency. Leads through the transition without losing stride.
Oct 2024
Raises $31M Series B led by Qualcomm Ventures, bringing total to $93M. Simultaneously launches Video AI Agents - autonomous cameras that act, not just record.
Apr 2025
Takes the stage at Google Cloud Next '25 to unveil Iris - the first conversational Video AI Agent builder. Users describe what they want in plain language; Iris builds the agent. No code required.
"This isn't just a technology advancement. This is about giving the backbone of the world's economy the tools they've always deserved but never had."
- Rish Gupta, on launching Video AI Agents

Hardware when nobody wanted hardware

By the end of his first year at Stanford, Rish had a conviction that ran against everything his classmates were building: he wanted to work where hardware and software meet. This was 2017. The startup playbook said build pure software, keep margins clean, scale fast. IoT and camera AI were niche, unsexy, hard.

He went to Samsara anyway. The IoT company had figured out something valuable - that sensors and cameras bolted onto trucks and equipment could generate data that made entire fleets dramatically more efficient and safe. Rish worked on their product team and watched what happened when physical infrastructure got intelligent. It worked. It worked at scale. And he noticed that nobody had done the same thing to the billion security cameras sitting idle in warehouses, factories, and school hallways.

The Spot AI founding thesis was narrow and clear: most businesses have cameras. Almost none of them use the footage proactively. The footage is passive evidence, not active intelligence. Change that, and you change how the physical economy operates.

What Rish and his co-founders built first was cross-compatible software for existing cameras - an intelligent video recorder that worked with whatever hardware a company already owned. This mattered because the alternative (rip-and-replace your camera infrastructure) is something no operations manager wants to hear. Spot AI became the upgrade path, not the rip-and-replace mandate.

The first phase was about search and retrieval - letting a safety manager find the footage they needed in minutes instead of hours. The second phase was about proactive alerting - letting the system flag anomalies automatically. The third phase, where Spot AI sits today, is about agency: cameras that don't wait to be asked. They observe, reason, and act.

Iris, the product Rish unveiled at Google Cloud Next in April 2025, makes that power accessible to people who have never written a line of code. You tell it what you want in plain English: "Alert me when someone uses bolt cutters in the parking lot between midnight and 5 AM." Iris builds the agent. The camera watches. The alert fires.

The moat isn't just technical. It's experiential. Spot AI has been learning what manufacturing plants, auto dealers, hospitals, and school districts actually need from their cameras - across 17 industries and 1,000 customers. That domain knowledge compounds. It's harder to replicate than any model architecture.

Technology Stack

  • Edge AI processing
  • Computer vision / object detection
  • Anthropic Claude (AI reasoning)
  • OpenAI models
  • Google Cloud / BigQuery
  • Vertex AI
  • ClickHouse, PostgreSQL
  • Kubernetes, Docker
  • React, TypeScript, Node.js
  • GraphQL, Redis
  • NDAA-compliant cameras

Product Suite

  • Intelligent Video Recorder (IVR)
  • Video AI Agents
  • Iris (conversational agent builder)
  • AI Labs
  • Real-time alerts + incident logs
  • Multi-site cloud dashboard
  • Role-based access control
  • Semantic video search

Industries

  • Manufacturing
  • Retail / Loss Prevention
  • Healthcare
  • Education
  • Auto Services
  • Warehousing / Logistics
  • Government
  • Construction

Rish Gupta on building, pain, and possibility

"If I can push through this, I can start the company tomorrow."
During the final 6km of a marathon in Bombay, the moment he decided to start LetsIntern.com
"You have to love pain. If you're an entrepreneur, you're choosing a path filled with rejection, failures, self-doubt, and dark days."
On what it takes to build a company
"Imagine ChatGPT, but with eyes."
Describing Spot AI's Video AI Agent vision
"Our AI Agents see your physical space, use advanced AI to reason about what's happening, and take action in real-time."
At the Video AI Agents launch, October 2024
"This isn't just a technology advancement. This is about giving the backbone of the world's economy the tools they've always deserved but never had."
On why Spot AI focuses on the physical economy
"Alert me when someone uses bolt cutters in the parking lot between midnight and 5 AM." And Iris builds the agent for that.
Demonstrating Iris at Google Cloud Next '25

$93M and the investors who wrote the checks

When Qualcomm Ventures led Spot AI's latest round, it wasn't just a financial bet - it was a strategic one. Qualcomm builds the chips that power edge AI. Spot AI builds the intelligence that runs on those chips. The thesis aligns.

Qualcomm Ventures (Lead, Series B) Redpoint Ventures Bessemer Venture Partners Scale Venture Partners StepStone Group GSBackers MVP Ventures Cheyenne Ventures

Things you won't find in the pitch deck

🏃
Made the decision to become an entrepreneur in the last 6 kilometers of a marathon in 100-degree Bombay heat. Most people slow down. He planned his next company.
🚌
Built a profitable bus advertising business at age 19, placing ads on rural Indian buses. Generated several million rupees in six months with no business experience whatsoever.
📐
Was a math Olympiad competitor growing up in Delhi, alongside tennis, swimming, and horse riding. The kind of childhood that produces people who solve hard problems recreationally.
📹
Spot AI processes more video data every day than YouTube receives in uploads. For context: YouTube gets around 500 hours of video uploaded every minute.
🎓
Met both co-founders (Tanuj and Sud) at Stanford. Three people, one program, one company. The MBA cliche that somehow worked.
🛡
Became CEO when co-founder Tanuj stepped back for a family health emergency. Navigated the transition without losing company momentum or the partnership.

Scale that makes the point

$93M
Total venture funding
$31M Series B in Oct 2024
1K+
Enterprise customers
Across 17 industries
2x
YouTube's daily upload volume
In video data indexed
4M
LetsIntern.com users
His first exit, acquired 2015
130
Employees at Spot AI
San Francisco HQ
8X
ROI for auto services customers
With Video AI Agents

What Rish and Spot AI are doing right now

Apr 2025
Google Cloud Next '25: Rish takes the stage to unveil Iris - Spot AI's conversational Video AI Agent builder. Users describe what they want in plain English; Iris builds the detection agent with no code required. First product of its kind for the physical world.
Oct 2024
$31M Series B + Video AI Agents launch: Qualcomm Ventures leads the round, bringing total funding to $93M. Simultaneously, Spot AI launches Video AI Agents - autonomous camera software that identifies issues and takes real-time action across safety, security, and operations without human intervention.
Oct 2024
Scale milestone: Spot AI announces it now indexes more than twice the daily video volume that YouTube receives in uploads - processing billions of hours of footage for 1,000+ customers across 17 industries.
2023
CEO transition: Rish steps into the CEO role at Spot AI, taking on full leadership of the company while maintaining its growth trajectory and expanding the product suite into agentic AI territory.
2021
Forbes Cloud 100 Rising Stars: Spot AI is named one of Forbes Cloud 100 Rising Stars, marking the company's emergence as a serious player in the enterprise video intelligence space.
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