Weapons Detection Platform ZeroEyes Raises $20.9M in Series A Funding
Clients include the U.S. DoD, public K-12 school districts, commercial property groups, corporate campuses, shopping malls and big-box retail.
PHILADELPHIA — ZeroEyes, based here, a provider of an AI-enabled weapons detection solution, has secured $20.9 million in Series-A funding led by Octave Ventures, bringing the company’s total amount raised to date to $26.1 million.
Founded by a team of former Navy SEALs and military veterans, ZeroEyes’ AI weapons detection platform is said to be a key component to a multitiered security approach that integrates with customers’ existing camera systems and video analytics.
If a visible gun is detected, an alert is sent to the ZeroEyes military-trained monitoring team, followed by notifications to local emergency dispatch and onsite security staff. The notification process is said to three to five seconds.
ZeroEyes’ software has recently been installed in schools, commercial buildings and government sites. The Series-A funding will enable ZeroEyes to continue providing support and services for its customer base and allow for business expansion, product innovation, recruitment and further growth in North America, according to a press release.
“Since day one, we’ve been on a mission to help mitigate the damage done by gun violence and active shooter situations, which have become an epidemic in the U.S.,” says Mike Lahiff, company founder and CEO. “This significant funding round will allow us to further develop our proprietary AI technology to help stem the overwhelming impact of gun violence on our streets, in our schools, at businesses and public venues.”
Additional investors in this round of Series-A funding include Legion Capital, Grateful Investments, Alliance Holdings and Alpha Intelligence Capital.
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