Rhombus Systems, a Sacramento CA-based provider of managed physical security solutions, raised $10 million in Series A funding.
The round was led by Cota Capital, with participation from MSD Partners, Lemnos Labs, and Promus Ventures, which brought total funding to over $20 million.
The company intends to use the funds to expand R&D initiatives and build out the sales team.
Company: Rhombus Systems, Inc
Raised: $10.0M
Round: Series A
Funding Month: October 2021
Lead Investors: Cota Capital
Additional Investors: MSD Partners, Lemnos Labs, and Promus Ventures
Company Website: https://www.rhombussystems.com/
Software Category: AI-powered security cameras and smart sensors
About the Company: Led by Garrett Larsson, CEO, Rhombus Systems provides smart security cameras and IoT sensors for organizations to understand physical spaces. Rhombus Systems deployed in over 10,000 locations worldwide across many industries and organizations including school districts, healthcare providers, city governments, and Fortune 500 companies. The company’s devices come online in minutes without any complex configurations and can be managed from a single pane of glass via the Rhombus Console. Users can access live video feeds, share footage, and receive AI-powered alerts from anywhere around the world through a web browser or mobile device to see, manage, and respond to critical physical security events in real-time.
Source: https://www.finsmes.com/2021/10/rhombus-systems-raises-10m-in-series-a-funding.html