Flock Safety, a pioneer in the sphere of safety technology, has reported a successful fundraising round, securing an impressive $275 million. This capital injection brings the company’s value to an astounding $7.5 billion. The plans for this investment powerfully underline Flock Safety’s vision for the future, which includes an expansion in research and development, product breakthroughs around investigative intelligence, designing and manufacturing U.S.-based machinery, and advancements in the urban mobility sector.
Ambitions to further the company’s goal of crime eradication and the enhancement of population wellbeing will be driven by this generous finance. Fuel will be added to the company’s innovative product development, underpinning vital research and stimulating the creation of American-manufactured goods.
Andreessen Horowitz took a leading role in this funding round, demonstrating solid faith in Flock Safety’s prospective growth. Other prominent contributors included Greenoaks Capital and Bedrock Capital, with an additional boost from Meritech Capital, Matrix Partners, Sands Capital, Founders Fund, Kleiner Perkins, Tiger Global, and Y Combinator.
The round comes on the back of a year which witnessed instrumental growth for Flock, as the company broke through the $300 million mark in annual revenue – a near 70 percent increase compared to the prior year. Flock Safety’s proven track record of success was established upon its founding in 2017, when it began making notable waves within the safety technology realm.
Providing an unmatched, integrated platform for License Plate Readers (LPRs), real-time crime warning systems, artificial intelligence-operated video cameras, and a Drone-First-responder (DFR) system, along with software solutions for instant crime reporting and investigative intelligence, Flock Safety indeed was instrumental in transforming the landscape of safety technology.
Partnered with almost 4,800 law enforcement agencies and roughly 1,000 businesses, Flock Safety’s influence is extensive. Its collaborations include 4 of the top 10 national retail federation retailers, 7 of the biggest U.S. shopping malls, and 10 of the largest U.S health systems, demonstrating the breadth and diversity of its partnerships.
Flock’s tech tools have played a vital role in resolving thousands of severe criminal cases, including but not limited to homicides, cases of assault, human and drug trafficking, and Organized Retail Crime (ORC).
The past year has marked several significant achievements for the company, with Flock Safety technology instrumental in a range of notable instances. This included breaking up a human trafficking ring in Detroit, assisting with the arrest of the Bay Bridge shooter in San Francisco, playing a pivotal part in solving a $12 million jewelry theft case in Denver, and helping cities like Tulsa and Cobb County achieve a 100% homicide solve rate.
This fresh influx of finance will enable an acceleration in R&D and manufacturing across several crucial sectors. Included among these are disruptive investigative intelligence, domestically manufactured drones, and the creation of an all-encompassing safety ecosystem.
In February, the company announced the launch of Nova, a pioneering data intelligence platform designed to transform how data sources are processed and aligned to deliver actionable information. Nova is currently available in its early-access stage.
As a result of its Aerodome acquisition in 2024, Flock plans to introduce a range of locally manufactured drones in 2025. Flock’s Aerodome already offers an edge with real-time situational understanding, aiming to reduce emergency response times.
The company showcases its commitment to an accessible, transparent safety technology system by offering complimentary data integrations with any provider of safety technology. Flock is setting bar high in the industry to consolidate and centralize vital information accessible whenever it’s most needed.
Manufacturing within the U.S. is a key element of the company’s business strategy, as demonstrated by the recent investment in a grand new manufacturing facility covering 100,000 square feet in its home state of Georgia. The facility is nearing operational status.
Flock upholds a resolute commitment to data privacy, security, and transparency. It strongly believes that thriving communities can only be built upon a foundation of trust. The company remains pledged to maintaining the industry’s grandest standards of product and data integrity.
Flock Safety operates at the forefront of safety technology, focusing on a proactive stance towards crime deterrence and overall security. Its comprehensive hardware and software suite brings together cities, law enforcement, businesses, schools, and neighborhoods into a countrywide public-private safety network.
More than 5,000 communities, nearly 4,800 law enforcement agencies, and approximately 1,000 businesses entrust Flock to provide real-time intelligence. At the same time, the company is uncompromising in upholding stringent standards of privacy, data integrity, and responsible innovation.