Evolv Technology, a Waltham, MA-based provider of an AI-based touchless security screening system, received a strategic investment from Stanley Ventures.
Terms of the deal were not disclosed. Stanley Ventures joined Bill Gates, former Florida Governor Jeb Bush’s firm, Finback Investment Partners, DCVC (Data Collective), General Catalyst Partners, Lux Capital and SineWave Ventures.
Led by Chief Executive Officer Peter George, Evolv Technology provides Evolv Express, which uses AI software and sensors to screen up to 3,600 people per hour. The system facilitates social distancing while minimizing person-to-person interaction – requiring no stopping, no emptying of pockets or removing bags. People simply walk through naturally, alleviating long lines at entrances while reducing interaction between visitors and security staff. Deployed worldwide,
Evolv’s systems have been used to screen more than 50 million individuals. Customers include Six Flags Entertainment Corporation, L.L. Bean, Wynn Las Vegas, Georgia Aquarium, Set Jet, Oakland International Airport, two South Carolina school districts, the Biltmore Estate and hundreds of others.
FinSMEs
04/08/2020