Posted July 14, 2021
Atlanta, GA, July 13, 2021 (GLOBE NEWSWIRE) -- Flock Safety, a public safety operating system for cities to work with private communities and law enforcement to eliminate crime, protect privacy, and mitigate bias, announced today a $150 million Series D fundraise. The round was led by Andreessen Horowitz, and existing investors Meritech, Bedrock, Matrix Partners, and Initialized also participated.
Flock Safety builds devices that capture objective evidence and uses machine learning to create and deliver unbiased investigative leads to law enforcement. Flock’s proprietary devices and cloud-based software have been shown to reduce crime by +70% and help police solve more than 185 crimes every day, approaching 1% of all reported U.S. crime. That includes recovering hundreds of illegal weapons, stopping armed robberies, solving homicides, and rescuing kidnapping victims.
The FBI estimates that 1.2 million violent crimes occur every year, and in nearly half those incidents, detectives lack sufficient evidence to clear cases. Seven million property crimes occur annually, and fewer than 20% can be solved due to insufficient evidence. This latest round of funding will help Flock Safety deliver on their objective to reduce crime in the U.S. by 25% in the next three years.
“We're looking forward to deepening our ties with Flock Safety,” said Cobb County Deputy Chief Stuart VanHoozer. Within the first six months of deploying Flock Safety technology, Cobb County Police reported a 60% decrease in certain crimes in areas with the cameras.
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