AI weapon detection tech startup ZeroEyes raises $20.9M in funding to detect and stop gun threats long before the first shot is fired
In 2020, nearly 20,000 people were murdered by guns, and another 40,000 were injured. The number does not include the approximately 24,000 suicides by gun in 2020. In other words, guns are involved in 75 percent of all murders and 51 percent of all suicides.
ZeroEyes is a Philadelphia, PA-based AI weapons detection platform that helps identify gun threats at first sight to help safeguard communities from violent threats. By integrating with existing IP security cameras, ZeroEyes is able to detect any mass shooter with a gun and immediately notify law enforcement and security teams long before the first shot is fired.
And also because of its integration with existing security and surveillance camera systems, ZeroEyes is able to send out a series of alerts and real-time information to security personnel and first responders when a verified gun is detected via its weapons detection algorithms.
To meet the growing demands for its service and expand its operation in North America, ZeroEyes, announced today it has secured $20.9 million in Series-A funding led by Octave Ventures, bringing the company’s total amount raised to date to $26.1 million. Additional backers include Legion Capital, Grateful Investments, Alliance Holdings, and Alpha Intelligence Capital.
Founded by a team of former Navy SEALs and military veterans with over 50 years of military experience, ZeroEyes’ mission is to detect weapons before shots are fired, enable faster response times for first responders and security personnel, and ultimately end mass shootings. ZeroEyes’ technology is used by law enforcement agencies and Fortune 500 including the US Department of Defense, leading public K-12 school districts, and commercial property groups.
“Since day one, we’ve been on a mission to help mitigate the damage done by gun violence and active shooter situations, which have become an epidemic in the U.S.,” said Mike Lahiff, Founder and CEO, ZeroEyes. “This significant funding round will allow us to further develop our proprietary AI technology to help stem the overwhelming impact of gun violence on our streets, in our schools, at businesses, and public venues.”
ZeroEyes said the latest capital infusion will enable the company to continue providing best-in-class support and services for its fast-growing and high-profile customer base and allow for business expansion, product innovation, recruitment, and further growth in North America.
“Octave Ventures looks to partner with high-growth companies with an aim of making a meaningful industry and societal impact,” said Michael Kim, Founder of Octave Ventures. “ZeroEyes’ world-class and military veteran-led management team has a deep understanding of the security and technology markets. With this investment, the company is positioned to continue its market leadership. This isn’t only about AI technology to detect weapons – it is about making a significant impact to help save lives.”
Below is a video overview of ZeroEyes.