SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

RapidSOS Closes $55M Series B to Advance Emergency Response Globally
[October 08, 2019]

RapidSOS Closes $55M Series B to Advance Emergency Response Globally


NEW YORK, Oct. 8, 2019 /PRNewswire/ -- RapidSOS, a New York-based emergency technology company, today announced the closing of a $55M funding round. The latest investment was led by Energy Impact Partners (EIP), the largest energy technology investment firm backed by a coalition of leading global utilities.

RapidSOS Logo (PRNewsfoto/RapidSOS)

The round, which adds $25M to an initial close of $30M, accelerates RapidSOS's work partnering with thousands of public safety agencies, most major public safety software providers, and connected device companies to transform emergency response and disaster management. RapidSOS currently connects more than 250 million Americans directly to 3,500+ local 911 and first responder agencies – transmitting real-time health and medical information, vehicle telematics, multimedia, building sensor data, and more in an emergency.

"Integrated and now deployed across thousands of different public safety systems, RapidSOS spent seven years working with public safety to develop a powerful new platform to transform America's emergency response infrastructure," said Dave Nagel, RapidSOS investor and retired CTO of AT&T and SVP of R&D for Apple.

"This funding supports our mission to connect the world to public safety," said Michael Martin, CEO of RapidSOS. "With this new funding, we will focus on lunching new data partners and expanding our emergency response platform globally to ensure everyone has access to emergency services when they need it most."



Since launching its service in 2018 in collaboration with major technology companies such as Apple, Google, Microsoft, and Uber, RapidSOS has helped first responders manage more than 90 million emergencies, saving thousands of lives nationwide.

"New Orleans went live with RapidSOS last year and it's quickly become one of our most important resources for saving lives, especially during natural disasters and major events like Mardi Gras," said Tyrell Morris, Executive Director at Orleans Parish Communications District. "This tool is undeniably saving lives across our jurisdiction and across the nation."


"From managing the impact of extreme weather to more routine day-to-day operations, public safety is central to the mission of utilities around the world," said Sameer Reddy, Partner at Energy Impact Partners. "We're excited by the ability of RapidSOS's advanced technology platform to transform how our utility partners manage safety, security, and emergency operations."

Public safety agencies can access life-saving emergency data from Apple, Google, Uber, MedicAlert Foundation, the American Heart Association, and more via the RapidSOS Clearinghouse – a secure source for emergency data.

Connected device companies can use one of RapidSOS's modern APIs to provide turn-key emergency response for their application, device, or service.

For more information, visit www.rapidsos.com.

About RapidSOS
Partnering with Internet of Things (IoT) companies and the public safety community, RapidSOS' Emergency Platform provides a rich data link from connected devices to public safety – sending life-saving data to improve emergency response. Learn more about RapidSOS: www.rapidsos.com.

Contact:
RapidSOS
Michelle Cahn  
mcahn@rapidsos.com 
(347) 879-0024

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/rapidsos-closes-55m-series-b-to-advance-emergency-response-globally-300933769.html

SOURCE RapidSOS


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy