Evolv Technology, a Waltham, Mass.-based human security company, raised over USD30m in Series C funding.
Backers included Finback Investment Partners. Existing investors Bill Gates, DCVC (Data Collective), General Catalyst Partners, Lux Capital, SineWave Ventures and others also participated.
The funds will be used to expand sales, marketing, customer support, channel programs and product development following a year of record growth. Total funding in the company now exceeds $75 million.
Led by new CEO Peter George and co-founder and prior CEO Mike Ellenbogen, Evolv provides free-flow weapons-screening and threat detection systems that can identify metal and non-metallic objects. They leverage artificial intelligence, machine learning and sensor technology.
Organizations using Evolv’s systems have screened more than 50 million people – protecting the public by preventing individuals from bringing more than 5,000 weapons into schools, sports stadiums, concert halls, places of work, houses of worship and other public venues. The systems are in use at Lincoln Center, Oakland Airport, Gillette Stadium, L.L. Bean, Spartanburg School District Six in South Carolina and hundreds of other iconic customer locations around the world.
FinSMEs
08/01/2020