Home » RapidSOS raises an additional $75 million in funding

RapidSOS raises an additional $75 million in funding

The funding round, which brought the total round amount to $150 million, was led by funds and accounts managed by BlackRock. 

By Startup Funding News
RapidSOS raises an additional $75 million in funding.

RapidSOS, a provider of intelligent life-saving safety solutions to field responder agencies, raised $75 million in additional funding.

The funding round, which brought the total round amount to $150 million, was led by funds and accounts managed by BlackRock.

Also participating in the round included NightDragon, BAM Elevate, Insight Partners, the private investment division of Balyasny Asset Management, Manhattan Venture Partners, Acrew Capital, and Harmonic Growth Partners.

With new funds, RapidSOS plans to further scale up its safety platform that connects life-saving data from 540+ million devices in our nation’s homes, schools, trains, cars, buildings, and personal devices to 16,000+ public safety agencies and nearly 1 million first responders, leading to a faster and more accurate emergency response that saves lives and reduces the cost of recovery.

According to the company, in 2023, its intelligent safety platform processed over 3 billion data feeds used by highly trained operational teams and first responders to manage 171 million emergencies, covering over 99 percent of the US population. Over 200 companies, including leading technology, consumer, transportation, logistics, and education companies, are now part of the RapidSOS ecosystem, allowing the technology we use every day to keep us safe and secure, working in harmony with each other and first responders to protect hundreds of millions of users.

Commenting on the fundraising news, Matt Singer, Managing Director at BlackRock, said: “In today’s highly complex and uncertain world, industries are spending billions of dollars in the name of safety and security. However, in the moments when it matters most, during an emergency, we still rely on a phone call to 911 for help, as much of today’s digital emergency data still isn’t available to first responders.” 

Matt Singer added: “RapidSOS has built a powerful and deep data platform that now makes it possible for organizations to connect and work with public safety to detect, respond to, and resolve emergencies more efficiently,” added Singer. “The value of the RapidSOS network continues to grow as more enterprises, devices, and data come together with first responders to transform emergency response.”

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