Flock Safety Raises $275 Million at $7.5 Billion Valuation

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15 hours ago

Summary

Flock Safety raises $275 million, valued at $7.5 billion; company's growth is fueled by its public safety products and automatic license plate recognition tech; investors praise Flock's performance and potential for future growth.

Key Points

Flock makes computer vision-enabled video surveillance technology used by law enforcement and businesses
The company's automatic license plate recognition tech is one of its most popular products
Flock also develops gunshot detection tech marketed to schools and recently acquired public safety drone company Aerodome

Why It Matters

Flock Safety's growth and success are significant because they demonstrate the potential for surveillance technology companies to drive innovation and improve public safety.

Author

Julie Bort

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