RapidSOS, a NYC-based intelligent safety company, raised $75M in additional funding.
The round, which brought the total round amount to $150M, was led by funds and accounts managed by BlackRock, with participation from NightDragon, BAM Elevate, the private investment division of Balyasny Asset Management, Manhattan Venture Partners, Acrew Capital, and Harmonic Growth Partners.
The company intends to use the funds to expand operations and its development efforts.
Led by Founder and CEO Michael Martin, RapidSOS is an intelligent safety company that provides a platform supporting predictive incident awareness and modeling, weapons detection, crowd estimation, geocoding services, language translation, automatic response recommendations, incident verification, and sentiment analysis. It leverages artificial and human intelligence to combine life-saving data from 540M+ connected devices, apps, and sensors from 200+ global technology companies to over 16,000 field responder agencies. The system processed over 3 billion data feeds used by highly trained operational teams and first responders to manage 171 million emergencies, covering over 99 percent of the US population. Over 200 companies, including leading technology, consumer, transportation, logistics, and education companies, are now part of the RapidSOS ecosystem.
FinSMEs
05/03/2024