HALO – a leading subscription-based bodycam and cloud-based digital asset management platform – announced it closed a $20 million Series A funding round from Boston-based growth equity firm Volition Capital. This investment follows rapid company growth fueled by demand for HALO’s all-in-one subscription technology that protects people and safeguards businesses.
The global body-worn camera technology market is estimated at $10 billion this year, projected to reach $30 billion by 2030. Originally associated with law enforcement, BodyCam technology is now growing strongly in the private sector, and HALO is supporting its customers – spanning retail, healthcare, transportation, private security, and law enforcement – to de-escalate incidents, deter crime, capture clear video evidence and enhance employee and public safety.
HALO offers a unified solution to capture full HD video and audio footage and live streaming to its Digital Asset Management cloud platform. And HALO’s camera fleet is coordinated through advanced IoT technology, making videos available in real-time. Once uploaded, videos can be searched, edited, categorized, or shared to meet the user’s needs. HALO combines a consumer-style user experience with enterprise-grade robustness in a simple, cost-effective, scalable solution.
This investment from Volition Capital will support HALO’s continued investment in advancing its hardware and software platform, focusing on bringing new AI and analytics features to market and delivering on Open APIs to integrate seamlessly with partner solutions. And the capital will also fund market, use case and partnership expansion and the growth of HALO’s team in the U.S and Europe.
KEY QUOTES:
“We started HALO with a mission to fundamentally transform the safety and security sector and provide innovative technology that safeguards lives and businesses. Various social and economic realities have escalated demand for effective and reliable security solutions that maximise tech budgets and most importantly, protect people. This investment will enable us to continue to scale globally. We plan to invest substantially in further innovating our product, ensuring that we stay at the forefront of our industry and continuously meet the evolving needs of our customers.”
– CEO Fiona Shanley
“There are several converging trends driving increased demand, adoption and growth potential of bodycam and digital asset management solutions in the public and private sectors. Technology including hardware and software has become a critical part of safeguarding lives and businesses. The use cases for bodycam solutions have expanded well beyond traditional law enforcement and with its subscription-based SaaS model and experienced leadership team, HALO is well positioned to meet the diverse and flexible needs of these sectors globally.”
– Tomy Han, Volition Capital Partner
