ZeroEyes, Inc., the developer of the only AI-powered weapons detection platform, recently announced that it has raised $20.9 million in Series-A funding led by Octave Ventures, bringing its total funding to $26.1 million. In addition to expanding the market for its proprietary weapons detection platform, ZeroEyes is able to protect schools, commercial buildings, and government facilities from active shooter attacks.
Mike Lahiff, Founder and CEO, ZeroEyes, said, “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. 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.”
With its AI weapon detection platform, ZeroEyes integrates with the customers’ existing camera systems and video analytics systems to provide a multi-tiered security solution. The ZeroEyes monitoring team is alerted when a visible gun is spotted, followed by notifications sent to local emergency dispatch and onsite security staff – a process that takes three to five seconds. Using ZeroEyes’ real-time location function, ZeroEyes reduces the time between when a gun is spotted and when it is fired, helping save lives.
Michael Kim, Founder of Octave Ventures, said, “Octave Ventures looks to partner with high-growth companies with an aim of making a meaningful industry and societal impact. ZeroEyes’ world-class and military veteran-led management team has a deep understanding of the security and technology markets. With this investment, the company is positioned to continue its market leadership. This isn’t only about AI technology to detect weapons – it is about making a significant impact to help save lives.”
ZeroEyes’ software has recently been installed in schools, businesses, and government facilities. As a result of the Series-A funding, ZeroEyes will be able to provide best-in-class support and services for its rapidly expanding and high-profile customer base, as well as expand the business, innovate products, recruit more staff, and continue to grow in North America.