ZeroEyes, a Philadelphia, PA-based company specializing in an AI-based gun detection video analytics platform, raised over $53 million in Series B funding.
Investors
The round was oversubscribed and led by Sorenson Capital, with participation from Intel Capital, BroadLight Capital, and existing investors.
Founded in 2002, Sorenson Capital is a growth equity firm based in Lehi, Utah, that manages over $1.4 billion in assets. The firm focuses on investing in product-oriented early and growth-stage B2B software companies. Sorenson supports entrepreneurs through every stage of their journey to accelerate revenue growth and enhance their product leadership position.
ZeroEyes Use of Funds
The company plans to use the fresh funding to support its expansion initiatives, including enhancing channel partnerships, investing in research and development, expanding business operations, and establishing a Gun Violence Research Center.
About ZeroEyes
Founded in 2018, ZeroEyes offers proactive AI gun detection software that integrates with existing digital security cameras to mitigate mass shootings and gun-related violence. Developed by Navy SEALs and technologists, their patented solution is DHS SAFETY Act Designated, dispatching real-time intelligence and shooter images to local staff and law enforcement within 3 to 5 seconds of detecting a gun. Based in the Greater Philadelphia area, its solution has been adopted by the US Department of Defense, leading public K-12 school districts, colleges/universities, healthcare facilities, commercial property groups, manufacturing plants, Fortune 500 corporate campuses, shopping malls, big-box retail stores, and more.
Funding Details
Company: ZeroEyes, Inc.
Raised: $53.0M+
Round: Series B
Funding Month: June 2024
Lead Investors: Sorenson Capital
Additional Investors: Intel Capital, BroadLight Capital
Company Website: https://zeroeyes.com/
Software Category: AI Gun Detection
Source: https://www.prnewswire.com/news-releases/ai-gun-detection-pioneer-zeroeyes-secures-53m-series-b-funding-to-accelerate-growth-and-expansion-302185807.html