Total amount raised
$203.7 Millions
Latest funding date
10/1/2022
Location
RapidSOS has successfully raised significant funding through multiple rounds, with the latest being a $150 million financing round led by funds and accounts managed by BlackRock. The company offers an intelligent safety platform that connects life-saving data from over 350 million devices directly to 911 and first responders.
Keep reading to explore the intricacies of RapidSOS's fundraising journey and the investors backing this innovative platform.
What Is RapidSOS?
Founded in 2012 by Michael Martin and Nick Horelik, RapidSOS is headquartered in New York, New York. The company specializes in creating an intelligent safety platform that connects data from over 350 million devices directly to 911 and first responders.
RapidSOS's platform provides critical information such as exact location, real-time health data, and crash details to emergency services, enhancing their response capabilities. This innovative approach has made a significant impact on public safety, protecting millions of people across the United States.
With a team of 101-250 employees, RapidSOS continues to revolutionize emergency response by integrating advanced data and technology, ensuring that first responders have the information they need when it matters most.
How Much Funding Has RapidSOS Raised?
- Series B
- Amount Raised: $30M
- Date: November 2018
- Lead Investors: Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their platform and expand their market reach.
- Series B
- Amount Raised: $25M
- Date: October 2019
- Lead Investors: Energy Impact Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
- Venture Round
- Amount Raised: $3.5M
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and operational costs.
- Venture Round
- Amount Raised: $1.1M
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue platform enhancements and expand user base.
- Series C
- Amount Raised: $21M
- Date: June 2020
- Lead Investors: Transformation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand service offerings.
- Series C
- Amount Raised: $85M
- Date: February 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and increase market penetration.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Honeywell
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To foster strategic partnerships and integrate new technologies.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2022
- Lead Investors: NTT DOCOMO Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance product offerings.
- Series C
- Amount Raised: $75M
- Date: September 2022
- Lead Investors: NightDragon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform capabilities.
- Series C
- Amount Raised: $75M
- Date: March 2024
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand platform capabilities and partnerships.
Total Amount Raised: $315.6M. Current Valuation: Not publicly disclosed.
Key Investors
- BlackRock
- Details: BlackRock is a global investment management corporation, known for its extensive range of investment strategies. It manages assets for clients worldwide, including institutions, governments, and individuals.
- Investment Focus Areas: Equity, fixed income, alternatives, multi-asset strategies.
- Notable Investments: Technology, healthcare, financial services.
- NightDragon
- Details: NightDragon is a venture capital firm that focuses on investments in the cybersecurity, safety, security, and privacy sectors. The firm aims to support companies that enhance digital and physical security.
- Investment Focus Areas: Cybersecurity, safety, security, privacy.
- Notable Investments: Arctic Wolf, Illumio, SafeGuard Cyber.
- NTT DOCOMO Ventures
- Details: NTT DOCOMO Ventures is the venture capital arm of NTT DOCOMO, focusing on innovative technologies. It aims to foster the growth of startups that can contribute to the advancement of telecommunications and related fields.
- Investment Focus Areas: Telecommunications, innovative technologies.
- Notable Investments: Various tech startups.
- Honeywell
- Details: Honeywell is a multinational conglomerate company that produces commercial and consumer products, engineering services, and aerospace systems. It operates in various sectors, including aerospace, building technologies, performance materials, and safety and productivity solutions.
- Investment Focus Areas: Commercial and consumer products, engineering services, aerospace systems.
- Notable Investments: Industrial and consumer technology.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in growth-stage technology and software companies. The firm supports companies with capital, expertise, and a network to help them scale.
- Investment Focus Areas: Growth-stage technology, software companies.
- Notable Investments: Twitter, Shopify, DocuSign.
What's Next for RapidSOS?
RapidSOS stands at the cusp of significant growth opportunities. With the integration of data from over 540 million devices and serving more than 16,000 field responder agencies, the company is poised to enhance its predictive incident awareness and modeling capabilities. This expansion could revolutionize emergency response, making it more efficient and effective.
Future fundraising efforts are likely, given the substantial backing from prominent investors like BlackRock and NightDragon. These funds will be crucial for scaling operations and integrating advanced technologies. However, challenges such as ensuring data privacy and navigating regulatory requirements could pose hurdles. Maintaining robust infrastructure to handle increasing data volumes will also be essential.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like RapidSOS and gather other critical business insights.
Sign up for free on Clay and start transforming your sales approach today.
