The flock security and one of its long VCs, Bedrock Capital, announced on Thursday that the start raised a fresh $ 275 million in a $ 7.5 billion rating.
FLOCK makes video surveillance technology activated with computer vision used by law enforcement, as well as businesses, property management companies, etc. She is best known for her automatic license plate technology, but FLOCK also makes the technology of detecting weapons traded in schools, and has recently won the Aerodom Public Security Drone.
Flock was founded in 2017 and passed through Y Combinator that year. Growth broke out in the following years. Flock exceeded over $ 300 million in repeated annual revenue last year, which is 70% increase year by year, Flock Holly Beilin spokesman told Techcrunch.
Atlanta -based starting has now raised over $ 950 million in total funds, according to Pitchbook data, and its latest rating a year ago was $ 4.8 billion. Return Investors Andreessen Horowitz, Greenoax, Meritech Capital, Matrix Partners and Y Combinator participated in this round.
Given that it makes the surveillance technology, Flock has strangely to have the controversy. For example, ACLU cited herds concerns about the type of mass surveillance it enables and, a year ago, asked the company to allow the independent review of its products. Norfolk’s intimacy lawyers, Virginia are currently suing to stop the garden from being placed there.
Flock is also facing a misunderstanding lawsuit by a sitting mayor of a small city in California, as Techcrunch reported recently.
That was said, Flock has been a valentine VC for years.
For example, Bedrock founder Geoff Lewis confessed how he flew to Atlanta in 2018 to introduce Flock Garrett Langley co-founder to get a $ 10 million A-1 series, one of the first checks from the new Lewis firm. But Langley had just closed the flock series A.
This deal was a “completely crazy” $ 60 million rating, as Bedrock described – for triple the rating of a round or just a few months ago. Langley got the money – and has continued to get more than $ 164 million in investment from Bedrock since then.
By the way, Lewis, who greeted the founders’ fund, now has other big names in the Bedrock portfolio, such as Openai, Rippling and Mach Industries.
Meanwhile, the leader of the A16Z American Dynamism Fund, David Ulevitch, led other rounds for the flock. “Beyond the protection of the property, the flock security is literally helping to save lives,” thought Ulevitch and A16z David George growth in 2021.
Garry Tan of YC took to LinkedIn just a few months ago to applaud the degree of success he claims to have managed to fight crime.
But it is the increase in the income of the flock, in addition to its public safety products, this has led investors to “continue to double and triple in the flock,” Beilin said.
