As India’s digital payments ecosystem processes over 22 billion UPI transactions monthly, a parallel surge in financial fraud has forced banks, regulators, and technology firms to accelerate the deployment of AI-powered fraud detection systems. With bank frauds rising to ₹36,014 crore in FY25 from ₹12,230 crore a year earlier, artificial intelligence is emerging as the most critical tool in the country’s fight against cyber-enabled financial crime .

Physical security AI platform Coram AI has raised $35 million in a Series B funding round**, bringing its total capital raised to **$66 million. The round was co-led by Ansa Capital and Battery Ventures, with participation from existing investors UP.Partners, 8VC, and Mosaic Ventures . The fresh capital will be used to accelerate AI product development, expand go-to-market and customer success teams, and scale its engineering presence in Bengaluru—which the company views as a key hub for building next-generation AI technologies powering its global platform .