Computer Vision Tech Company Flock Safety Announces $150 Million in Series D
Funding announcements are always exciting! Today’s top funding news features a computer vision technology company that boasts of bringing an Amazon-like experience to policing and crime investigation operations. Yes, we are covering a SecTech (Security technology) company today. It’s Flock Safety, the maker of FlockOS ALPR Machine Learning software.
Automated license plate reader (ALPR) software Flock Safety has announced $150 million in Series D funding. The latest hot tech funding round was led by Andreessen Horowitz. Existing investors Matrix, Bedrock, Initialized Capital, and Meritech also participated in this Series D funding round.
Flock Safety has envisioned reducing crime in America by 25% over the next three years.
Founded four years ago, Flock Safety provides automated computer vision technology to improve public safety in the neighborhood. Promoted as a virtual safety gate, the technology is used in over 1200 cities. This is a classic example of how technologies like character recognition, computer vision, AI and Machine Learning can provide actionable results to authorities that stop crime.
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FlockOS, a unique ML-based computer vision technology, captures vehicle details that could help crime investigation teams solve complex cases. It uses patented Vehicle FingerprintTM technology that identifies a vehicle even if it’s modified or if its license plate is missing or covered.
Earlier in May, Flock Safety announced a strategic partnership with the National Center for Missing and Exploited Children (NCMEC). The partnership engaged Flock Safety’s nationwide network of ALPR cameras to broadcast time-sensitive active AMBER Alerts to local law enforcement. By deploying Flock Safety, Cobb County managed to reduce the crime rate by 60 percent in 2019.
How?
The Flock Safety Falcon LPR takes a clear moving image of every vehicle that passes, providing a 30% more accurate read than the competition. Flock Safety works on solar power and LTE connectivity for fast and wireless installation.
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