According to local reports, CriticalArc, a Wollongong, Australia-based startup that provides campus security solutions, raised $1m in funding.
Backers included Commercialisation Australia and private investors Hunter Angels Trust and Sydney Angels.
The company intends to use the funds to expand adoption of SafeZone in the UK and US.
Co-founded by Jahmai Lay and Glenn Farrant and incubated by University of Wollongong’s StartPad, CriticalArc has developed SafeZone, a security and communication app that enables users to call for help and report an incident in open space areas, such as university campuses. Customers include Curtin University, University of Wollongong, and the University of Newcastle (Australia).
[youtube id=”gno8AAkWbPc” width=”620″ height=”360″]
FinSMEs
07/09/2013