ZeroEyes – the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation – recently announced it has secured $23 million in capital on the heels of dramatic growth surpassing 300% over the last year. Octave Ventures, Alliance Holdings, and other existing investors led this oversubscribed round.
The demand for the company’s AI gun detection and intelligent situational awareness software continues to advance as schools consider their safety readiness amid devastating statistics showing more than 200 reported school shootings in 2023. The funds will drive continued growth with investments in R&D, channel partnership programs, and business operations expansion.
This oversubscribed round further demonstrates the pressing need for innovative solutions to curb the gun-related violence epidemic in the United States. And ZeroEyes is currently deployed in thousands of buildings for hundreds of customers in 37 states, with significant momentum.
The growth has been driven by demand from the original K-12 market commercial sectors, including retail, gaming, and healthcare. Additionally, new gains have been fueled through growing contracts with the U.S. Department of Defense through ZE Government Solutions (ZEGS), a wholly owned subsidiary of ZeroEyes that delivers advanced dual-use AI, proactive threat detection, and situational awareness of complex threats for U.S. national security.
ZeroEyes offers AI gun detection and intelligent situational awareness software layered onto existing digital security cameras. And when an illegally brandished gun is identified, images are instantly shared with the ZeroEyes Operations Center (ZOC), staffed 24/7/365 by specially trained U.S. military and law enforcement veterans. Suppose these experts determine that the threat is valid. In that case, they dispatch alerts and actionable intelligence, including visual description, gun type, and last known location, to local staff and law enforcement in as fast as 3 to 5 seconds from detection.
KEY QUOTES:
“ZeroEyes has demonstrated a remarkable ability to execute on its important mission and we are excited about their future as they continue to achieve wide adoption and staggering growth.”
– Michael Kim, Founder of Octave Ventures
“These funds will allow us to continue scaling to meet surging demand as schools, houses of worship, businesses, communities and even the Federal government seek viable, affordable and most importantly proactive solutions to address the gun-related violence problem in our country.”
– Mike Lahiff, CEO and co-founder, ZeroEyes
