Octopus, a Tel Aviv, Israel-based startup that provides physical security systems for large facilities, raised $2.5m in funding.
Singulariteam made the investment.
The company intends to use the funds to expand into the U.S. and Asia, mainly in China.
Led by co-founder and chief executive officer Tal Bar, Octopus provides cloud-based command and control software and apps that allow information/cyber, safety, logistics security officers to manage manpower, procedures and technology in day-to-day routine and in emergencies.
The company’s software has two main applications:
– a systems manager app installed on the company server or Cloud (per client specifications), managed in a CC center and/or personal tablet of security officer, and
– a user app (for security guards/employees) installed on personal smartphones.
The solution is designed for installation in secured sites and facilities, such as smart cities, banks, offices, factories, hotels, hospitals, shopping malls, airports, etc.
Customers include Coca Cola and Carlsberg.
FinSMEs
09/07/2015