Intelligent Safety Platform RapidSOS Raises $75M
RapidSOS’ intelligent safety platform offers leading technology, insurance and healthcare companies a turn-key API for adding 24/7 professional monitoring, voice, and data emergency response services.
Telecommunicators use RapidSOS to support a call for emergency services. (Image courtesy of RapidSOS)
NEW YORK — RapidSOS announces it has closed a $75 million financing round, bringing total capital raised to over $250 million.
Built over the past decade in partnership with tens of thousands of first responders, RapidSOS provides turn-key professional monitoring, voice and data connectivity for 90+ tech companies, 50+ public safety software vendors, and over 15,000+ first responder agencies on four continents, according to the company.
The funding comes as RapidSOS says it has supported the greatest volume of emergencies in its ten year history, with aging populations, increasing crime, severe weather, and the on-going implications of the global pandemic. In 2022 year-to-date, RapidSOS has supported first responders in managing over 130 million emergencies.
“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,” says Michael Martin, founder and CEO of RapidSOS. “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.”
Leading this latest round of funding is NightDragon, headed by veteran cybersecurity and tech executive Dave DeWalt, who will additionally join RapidSOS’ Board. DeWalt previously served as CEO of three public companies including McAfee and FireEye and is the founder of NightDragon. NightDragon invests in late stage, high-growth cybersecurity, safety, security and privacy companies.
“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 emergency situations 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,” says Dave DeWalt, founder, CEO and managing director of NightDragon.
This most recent raise additionally includes investments from BAM Elevate, Insight Partners, Honeywell, M12 Microsoft’s Venture Fund, Axon, Citi via the Citi Impact Fund, Highland Capital Partners, Playground Global, Forte Ventures, C5 Capital, and Avanta Ventures.
RapidSOS previously closed $85 million in Series C funding in February of last year and received a strategic investment from Honeywell earlier this year.
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