ZeroEyes, a Philadelphia PA-based provider of an AI-powered weapons detection solution, raised $20.9 million in Series A funding.
The round, which brought the total amount raised to date to $26.1m, was led by Octave Ventures with participation from Legion Capital, Grateful Investments, Alliance Holdings, and Alpha Intelligence Capital.
The company intends to use the funds for business expansion, product innovation, recruitment, and further growth in North America.
Company: ZeroEyes, Inc.
Raises: $20.9M
Round: Series A
Funding Month: August 2021
Lead Investors: Octave Ventures
Additional Investors: Legion Capital, Grateful Investments, Alliance Holdings, and Alpha Intelligence Capital
Company Website: https://zeroeyes.com/
Software Category: AI-powered weapons detection solution
About the Company: Led by Mike Lahiff, founder and CEO, ZeroEyes provides a proprietary weapons detection platform that protects schools, commercial buildings, and government sites from active shooters. Its software integrates into existing security and surveillance camera systems and sends out a series of alerts when a verified gun is detected via its weapons detection algorithms. Clients include the US Department of Defense, public K-12 school districts, commercial property groups, Fortune 1000 corporate campuses, shopping malls, and big-box retail.
Source: https://www.finsmes.com/2021/08/zeroeyes-raises-20-9m-in-series-a-funding.html