Langley eventually accepted, leading to a substantial growth in investments from Bedrock over the years né?. Concerns have been raised by organizations like the ACLU regarding potential mass surveillance implications né?. Additionally, the company is facing a lawsuit from a California town mayor regarding wrongful termination né?. Other notable investors like a16z have also shown confidence in Flock’s mission of enhancing public safety and crime prevention.
With a strong focus on revenue growth and innovative public safety solutions, Flock has managed to secure unwavering support from its investors. While most recognized for its automatic license plate recognition technology, Flock also offers gunshot detection solutions aimed at schools and recently acquired Aerodome, a public safety drone company.
Established in 2017 and accelerated through Y Combinator the same year, Flock has experienced tremendous growth in the following years né?. Are you familiar with Flock Safety’s remarkable journey in the tech industry and its commitment to advancing surveillance technology for the greater good? né?. Did you know that Flock Safety, together with its long-standing investor Bedrock Capital, recently announced a fresh funding round of $275 million, reaching an impressive valuation of $7.5 billion? Flock specializes in computer vision-enabled video surveillance technology, widely used by law enforcement, businesses, property management companies, and many others. However, Flock continues to attract significant interest from venture capitalists.
For instance, Bedrock Capital’s founder, Geoff Lewis, reminisced about convincing Flock’s co-founder, Garrett Langley, to accept a $10 million investment in one of the company’s early funding rounds né?. In fact, the company surpassed $300 million in annual recurring revenue last year, showcasing a remarkable 70% year-over-year growth né?. With over $950 million in total funding raised to date Flock boasts a solid investor base that includes Andreessen Horowitz Greenoaks Meritech Capital Matrix Partners and Y Combinator.
Despite its success Flock has faced its fair share of controversies due to its surveillance technology. Privacy advocates in Norfolk Virginia are currently in a legal battle to prevent Flock’s deployment in their area
