RaySecur Raises $13M in Series A Funding


RaySecur, a Cambridge, Mass.-based security imaging company, raised $13M in Series A funding.

The round was led by Outsiders Fund, with participation from JCI Ventures, the corporate venture arm of Johnson Controls, One Way Ventures, Yu Galaxy, Launchpad Venture Group, and Dreamit Ventures.

Led by Alex Sappok, Ph.D., CEO, RaySecur provides DHS Safety Act-designated millimeter wave (mmWave) mailroom scanner, remote analysis, and threat detection solutions. The company’s flagship imaging product, MailSecur™, is a desktop-sized 3D scanner that intercepts and detects mailroom threats. It has received Department of Homeland Security (DHS) designation as a Qualified Anti-Terrorism Technology (QATT) under the DHS Safety Act. Each scanner is connected to a RaySecur private wireless network with direct one-touch remote access to trained military Explosive Ordnance Disposal (EOD) professionals that can immediately assist MailSecur users as they work to resolve a threat.  MailSecur is used by leading Fortune 500 companies, heads of state, and government agencies to detect mail-borne threats.

The company intends to use the funds to accelerate market adoption of its patented mmWave imaging technology and amplify growth within the mail and package security sector and expand its mail screening-as-a-service solutions enabled by MailSecur including AI threat detection and EODSecurTM.  EODSecur provides users with 24/7 access to some of the world’s leading former military threat experts who can remotely connect to MailSecur scanners anywhere in the world and assist customers in evaluating potential threats in real-time.