RapidSOS, a New York-based provider of an intelligent safety platform, raised $75m in financing.
The round, which brings total raised to over $250m, was led by NightDragon, with participation from BAM Elevate, Insight Partners, Honeywell, M12 Microsoft’s Venture Fund, Axon, Citi Impact Fund, Highland Capital Partners, Playground Global, Forte Ventures, C5 Capital, and Avanta Ventures. Dave DeWalt, Founder, CEO and Managing Director of NightDragon, will additionally join RapidSOS’ Board. DeWalt previously served as CEO of three public companies including McAfee and FireEye and is the founder of NightDragon.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Michael Martin, RapidSOS provides an intelligent safety platform that securely links life-saving data from over 500 million connected devices, apps and sensors directly to safety agents, 911 and first responders. Its platform offers technology, insurance, and healthcare companies a turn-key API for adding 24/7 monitoring, voice, and data emergency response services. From continuous health monitoring, vehicle crash detection, home security, residential and commercial fire, enterprise security, gunshot detection, personal safety, critical event management and natural disasters, RapidSOS’ platform enables tech companies to assist first responders during an incident.
The company now provides professional monitoring, voice, and data connectivity for 90+ tech companies, 50+ public safety software vendors, and over 15,000+ first responder agencies on four continents.
FinSMEs
25/10/2022