Family office and growth equity firm Greater Sum Ventures (GSV) announced its majority investment in STRAX Intelligence Group, a cloud-native sensor fusion and collaboration solutions leader.
This investment follows on GSV’s recent acquisitions of Utility Associates and SOMA Global, leaders in integrated technology solutions for public safety and government agencies. The terms of the deal were not disclosed.
This funding will enable STRAX to increase innovation of data aggregation capabilities that streamline emergency response. And the company’s solutions aggregate live video, data, and sensor feeds from public and private sources to provide a seamlessly interconnected real-time crime center platform for monitoring, detecting, and responding to emergencies. STRAX will continue to be led by CEO and Founder Scott Adams (based in Boca Raton, Florida).
STRAX has the FBI-approved Criminal Justice Information System (CJIS) ACE Seal, which verifies its commitment to CJIS Security Policy compliance and a pledge to ensure the secure management of sensitive criminal justice data.
KEY QUOTES:
“STRAX is a natural addition to our growing suite of solutions that help law enforcement and first responders make communities safer. The STRAX team is dedicated to understanding security challenges and providing targeted solutions to improve both responder and community safety. This combination of best-in-class technologies will enable security organizations and public safety agencies to operate more efficiently and do their jobs more effectively.”
– Ross Croley, CEO and founder of GSV
“A key challenge facing law enforcement is limited visibility into emergency situations. STRAX combines inputs from any source – like body-worn and fixed cameras – to create unmatched situational awareness, especially in evolving situations where speed is critical. Together with Utility and SOMA, we can affect positive community outcomes through advanced and highly complementary technology.”
– STRAX CEO Scott Adams
