ZeroEyes, a Philadelphia, PA-based creator of an AI-based gun detection video analytics platform, raised $23 million in funding.
SaaS Investors
The round was led by Octave Ventures, Alliance Holdings, and other existing investors.
Founded in 2018, Octave Ventures is a venture capital firm based in Henderson, Nevada. The firm prefers to invest in seed-stage, early-stage, and later-stage companies in deep tech and biotech sectors.
Alliance Holdings, founded in 1995, is a private equity investment firm based in Horsham, Pennsylvania. The firm prefers to invest through buyouts, debt, mezzanine, growth capital, recapitalization, and secured debt. The firm seeks to invest in commercial services, consumer products, consumer services, financial services, healthcare, chemicals, gases, manufacturing, and industrial sectors.
ZeroEyes Use of Funds
The company intends to use the funds to accelerate continued growth with investments in R&D, channel partnership programs, and business operations expansion.
About ZeroEyes
Led by CEO Mike Lahiff, ZeroEyes delivers a human-verified AI gun detection software solution that integrates into existing digital security cameras and helps mitigate mass shootings and gun-related violence by reducing response times, providing actionable intelligence with images, and delivering clarity among chaos. ZeroEyes is currently deployed in thousands of buildings for hundreds of customers in 37 states. The gun detection solution has been adopted by the US Department of Defense, leading public K-12 school districts, colleges/universities, healthcare facilities, commercial property groups, manufacturing plants, Fortune 500 corporate campuses, shopping malls, big-box retail stores, and more.
Funding Details
Company: ZeroEyes, Inc.
Raised: $23.0M
Round: Unknown
Funding Month: August 2023
Lead Investors: Octave Ventures, Alliance Holdings
Additional Investors:
Company Website: https://zeroeyes.com/
Software Category: AI Gun Detection Software Solution
Source: https://www.finsmes.com/2023/08/zeroeyes-raises-23m-in-funding.html