RapidSOS, creator of an emergency response data platform, has closed USD85 million in a Series C funding round led by global venture capital and private equity firm Insight Partners. Insight is a leading software investor with over USD30 billion in AUM. The investment, which brings RapidSOS’s total funding to USD200 million, will advance the company’s work to connect emergency data from digital health, smart buildings, security, connected vehicles, and app companies with first responders globally.
The RapidSOS Platform powers 4,800-plus Emergency Communications Centers (ECCs) across the US, covering 92 per cent of the population, and is integrated with over 350 million connected devices. These devices, recognised as RapidSOS Ready, transmit real-time location, health and medical information, connected building and alarm data, and more in an emergency.
Data from the RapidSOS Platform was used in over 150 million emergencies during the calendar year (on average, 400,000+ per day) and in some cases became the critical link between citizens and first responders when traditional voice 911 circuits went down in major disasters or attacks.
Read more at Private Equity Wire
