ZeroEyes, an innovative force in AI security technology, has secured significant Series B funding amounting to over $53 million.
This financial boost will enable the company to enhance its cutting-edge gun detection software, affirming its position as a leader in public safety solutions.
Overview of the Funding
ZeroEyes, renowned for its pioneering AI technology, has successfully raised over $53 million in Series B funding. This investment round was notably led by Sorenson Capital, with participation from Intel Capital and BroadLight Capital, among others. The newly acquired funds are earmarked for extensive growth strategies, including the enhancement of research and development capabilities. This substantial investment underscores investor confidence in ZeroEyes’ mission to revolutionise safety standards in public spaces.
Origins and Founding Vision
ZeroEyes was established in 2018 by a dedicated team of Navy SEALs and seasoned technologists. This initiative was a direct response to the tragic Marjory Stoneman Douglas school shooting in 2018. The founders, driven by a sense of duty and drawing from over 50 years of military experience, sought to create a proactive safety measure that could be implemented across various environments.
Drawing from military-grade intelligence monitoring, the company’s technology has been deployed in schools, commercial structures, and defence sites. The co-founders, all veterans and parents, aimed to prevent the recurrence of such incidents, focusing on protecting communities with precision and foresight.
Functionality of ZeroEyes Technology
ZeroEyes’ software integrates seamlessly with existing security cameras to enhance gun detection capabilities. Upon detecting a firearm, the system immediately transmits images to the ZeroEyes Operations Center (ZOC). This US-based facility operates 24/7, manned by veterans from military and law enforcement backgrounds.
Within seconds, the ZOC assesses the threat, verifying the presence of firearms before issuing alerts. This rapid response capability, averaging just 2-3 seconds, is critical in mitigating potential threats and improving security responses across the board. The platform is distinguished by its Homeland Security SAFETY Act Designation, which uniquely positions ZeroEyes as a leader in the field.
Market Penetration and Demand
ZeroEyes’ solution is currently implemented in thousands of buildings across 42 states in America, addressing the needs of educational institutions, commercial entities, transit systems, and government facilities. The demand for such technology continues to grow as organisations seek robust measures against gun-related threats.
CEO and co-founder Mike Lahiff articulated the company’s objective to make their software as commonplace as fire alarms. This visionary approach highlights the increasing necessity for advanced security solutions in modern infrastructures, which ZeroEyes aims to fulfil.
Strategic Partnerships and Growth
The recent infusion of capital will not only boost research and development but also foster strategic partnerships. ZeroEyes plans to broaden its network through channel partnership programmes, enhancing its reach and operational capacity.
Additionally, the funding will support the expansion of ZeroEyes’ Gun Violence Research Center, an initiative aimed at further understanding and combating gun violence through data-driven insights and innovation.
Expert and Investor Endorsements
Industry leaders have recognised the critical importance of ZeroEyes’ technology. Rob Rueckert of Sorenson Capital emphasised the exceptional military training of the ZeroEyes team and the sophistication of their AI-forward software in ensuring community safety.
Moreover, Mark Lydon from Intel Capital noted the transformative potential of ZeroEyes to enhance physical security within schools and other sensitive environments. These endorsements from leading investors reflect the strategic importance of ZeroEyes’ contribution to safety and security.
Looking Ahead
As ZeroEyes continues to expand, its mission remains clear: to integrate AI-based gun detection as a standard feature across security systems nationwide. The commitment to technology innovation and public safety places ZeroEyes at the forefront of security technology advancements.
With strategic investments and an unwavering mission, ZeroEyes is set to redefine safety standards in various sectors.
The company’s pioneering AI technology continues to garner support from industry leaders, reflecting its impactful role in mitigating gun-related threats.
