RapidSOS raises $85m in Series C funding round
RapidSOS, creators of the world’s first emergency response data platform, today announced it closed $85m in Series C funding led by global venture capital and private equity firm Insight Partners.
Insight is a software investor with over $30bn AUM after announcing its 11th flagship fund, Fund XI at $9.5bn in April, 2020.
The investment, which brings RapidSOS’s total funding to $200m, 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+ Emergency Communications Centers (ECCs) across the US, covering 92% of the population, and is integrated with over 350 million connected devices. These devices, recognized as RapidSOS Ready, transmit real-time location, health and medical information, connected building and alarm data, and more in an emergency.
“2020 reminded all of us of the heroic work that first responders do in our most challenging moments,” said Michael Martin, founder & CEO of RapidSOS. “We spent the past eight years building the RapidSOS emergency response data platform in partnership with thousands of first responders — collaborating with leading technology companies to provide the right data, at the right place, at the right time to save lives across over 150 million emergencies annually.”
The new funding supports RapidSOS’s mission to link connected devices to first responders globally when we need it most — providing a life-saving ecosystem of safety, security, and digital health.