Greater Sum Ventures, a Knoxville, TN-based entrepreneurial family office and growth equity firm, announced a majority investment in Strax Intelligence Group, a Boca Raton, FL-based provider of cloud-native sensor fusion and collaboration solutions.
The amount of the deal was not disclosed.
Led by CEO and Founder Scott Adams, Strax provides a common operating platform designed for real-time response. By unifying priority alerts, video and communication tools into one map-based view, it allows public safety agencies and private security organizations to improve collaboration across agencies and command structures for a faster, more coordinated response. Integrated public, private and manned/unmanned video feeds increase situational awareness and real-time access to nearby cameras in a single operational view, enabling expedited decision making and enhancing officer and community safety.
The investment followed on GSVās recent acquisitions of Utility Associates, Inc. (Utility) and SOMA Global.
FinSMEs
25/03/2024