RapidSOS emergency response data platform that securely links data to 9-1-1 and first responders, have raised $75 million in funds, which brings the startup’s total capital raised to over $250M.
The investment round was led by security and safety specialist VC NightDragon, with participation also from BAM Elevate, Insight Partners, Honeywell, Microsoft’s Venture Fund M12, Axon, Citi via the Citi Impact Fund, Highland Capital Partners, Playground Global, Forte Ventures, C5 Capital, and Avanta Venture.
The startup which currently has a capital injection of $250 million, disclosed that it plans to expand its technology and overall business.
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The funding comes as RapidSOS has supported the greatest volume of emergencies in its ten-year history, with aging populations, increasing crime, severe weather, and the ongoing implications of the global pandemic. In 2022 year-to-date, the startup has supported first responders in managing over 130 million emergencies.
RapidSOS lead investor in the latest funding round, Director of Night Dragon through its Managing director Dave DeWalt disclosed that the company had to invest in the safety startup to help accelerate its mission.
In his words, “The RapidSOS team has worked diligently for more than a decade on its vision and technology platform to better enable public safety officials and technology companies to respond to emergencies of all types.
“The time for digital transformation in this sector has never been more important and NightDragon is proud to help accelerate this mission as an investor and help RapidSOS continue to change the world and save lives.”
Also Speaking on the company’s goal and its partners, Founder and CEO of RapidSOS Michael Martin said, “For a decade, we’ve had the privilege to learn from our nation’s first responders to build technology that supports their life-saving work.
“Hundreds of millions of lives are impacted each year by the heroism of these individuals, and we’re honored to have partners in this journey that share in a vision to transform safety, security, and emergency response.”
Founded in2012, RapidSOS intelligent safety platform has continued to offer leading technology, insurance, and healthcare companies a turn-key API for adding 24/7 professional monitoring, voice, and data emergency response services.
With a few lines of code, its partners are able to integrate enhanced verification and high-touch monitoring backed by over 15,000 first-responder agencies, enabling faster and smarter responses.
From continuous health monitoring, home security, vehicle crash detection, residential and commercial fire, enterprise security, gunshot detection, personal safety, critical event management, and natural disasters, RapidSOS’ platform enables tech companies to critically assist first responders during an incident.
With RapidSOS, it has transformed the device into a life-saving safety and emergency response service, working seamlessly with thousands of first responder systems to save lives.