ZeroEyes secures $23 million capital for continued growth

ZeroEyes, announced it has secured $23 million in capital after an increased growth, which they believe is linked to demand for solutions for gun-related violence.

The oversubscribed round was led by Octave Ventures, Alliance Holdings, and other existing investors.

Demand for the company’s AI gun detection and intelligent situational awareness software has continued to accelerate as schools consider their safety readiness amid statistics that show more than 200 reported school shootings in 2023 to date, the firm said.  The funds will be used for continued growth with investments in R&D, channel partnership programs and business operations expansion.

The large capital, the firm believes, demonstrates the pressing need for innovative solutions to curb the gun-related violence epidemic in the United States.

ZeroEyes is currently deployed in buildings in 37 US states.

Further reading: Oregon school district uses A.I.-based proactive gun detection platform to ‘bolster’ campus safety

Growth has been driven by demand from the original K-12 market, commercial sectors including retail, gaming and healthcare.

Meeting “surging demands”

Additionally, new gains are reported to have been fueled through growing contracts with the U.S. Department of Defense through ZE Government Solutions (ZEGS), a wholly owned subsidiary of ZeroEyes that aims to deliver advanced dual use AI, proactive threat detection and situational awareness of complex threats for U.S. national security.

“ZeroEyes has demonstrated a remarkable ability to execute on its important mission and we are excited about their future as they continue to achieve wide adoption and staggering growth,” said Michael Kim, Founder of Octave Ventures.

“These funds will allow us to continue scaling to meet surging demand as schools, houses of worship, businesses, communities and even the Federal government seek viable, affordable and most importantly proactive solutions to address the gun-related violence problem in our country,” said Mike Lahiff, CEO and co-founder, ZeroEyes.

ZeroEyes provides AI gun detection and ‘intelligent situational awareness software’ that is designed to be layered onto existing digital security cameras. When an illegally brandished gun is identified, images are said to be shared with the ZeroEyes Operations Center (ZOC), staffed around the clock by specially trained U.S. military and law enforcement veterans. If these experts determine that the threat is valid, they dispatch alerts and actionable intelligence, including visual description, gun type and last known location, to local staff and law enforcement aimed to be as fast as 3 to 5 seconds from detection.

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