Flock Safety, a leader in safety technology with automated license plate recognition systems, has raised $275 million, elevating its valuation to $7.5 billion, with plans to enhance its impact on public safety.
Target Information
Flock Safety is a pioneering company in safety technology, primarily known for its innovative automated license plate recognition (ALPR) cameras. These advanced systems are specially designed for law enforcement agencies, businesses, and local neighborhoods, aiming to enhance security measures by capturing and analyzing vehicle license plates. By providing real-time actionable data, Flock Safety significantly improves public safety and facilitates investigations, enabling a more proactive approach to crime prevention.
Founded in 2017 by Garrett Langley and Matt Feury, Flock Safety is headquartered in Atlanta, Georgia, United States. The company became a member of the unicorn club in 2021 as it rapidly gained recognition for its unique contributions to public safety through technology. To date, Flock Safety has raised over $950 million across multiple funding rounds, reinforcing its position as a leader in the public safety market.
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Industry Overview in the United States
The public safety and security industry in the United States has increasingly turned toward technological solutions to address rising crime rates and enhance law enforcement capabilities. With an expanding r
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Andreessen Horowitz
invested in
Flock Safety
in 2023
in a Late-Stage VC deal
Disclosed details
Transaction Size: $275M
Enterprise Value: $7,500M
Equity Value: $7,500M