Surveillance of the Police of Y Combinator Darling FLOCK SAFETY increases $ 275 million to $ 7.5 billion
Herd security and one of its longtime VCs, capital of the foundation, announcement The startup raised $ 275 million on a $ 7.5 billion evaluation on Thursday.
FLOCK manufactures computer compatible video surveillance technology used by the police as well as companies, real estate management companies, etc. It is better known for his Automatic recognition of license platesBut Flock also markes the ball detection technology in schools, and recently Aerodom of the acquired public security drones.
FLOCK was founded in 2017 and went through Combinator the same year. Growth has exploded in the following years. FLOCK crossed more than $ 300 million in annual recurring income last year, a growth of 70% in annual shift, said Flock Holly Beilin spokesperson in Techcrunch.
The Atlanta -based startup has now raised more than $ 950 million in total funding, According to Pitchbook dataAnd his last evaluation a year ago was $ 4.8 billion. Return investors Andreessen Horowitz, Greenoaks, Meritech Capital, Matrix Partners and YC participated in this Tour.
Since he does surveillance technology, FLOCK has no surprise of controversy. For example, the Aclu has cited concerns with Flock During the type of mass surveillance it allows and, a year ago, urged the company to allow an independent examination of its products. Privacy defenders in Norfolk, Virginie are currently looking To prevent the displacement from deploying.
FLOCK is also faced with an unjustified dismissal trial of a seated mayor of a small town in California, As Techcrunch recently reported it.
That said, Flock has been a darling VC for years.
For example, the founder of Bedrock, Geoff Lewis, told how he went to Atlanta in 2018 to beg the co-founder of Flock, Garrett Langley, to take an A-1 series of 10 million dollars, one of the first checks of the new Lewis company. But Langley had just closed the Flock A series.
This agreement was an evaluation of $ 60 million “totally crazy”, as The foundation described it – About triple the assessment of the tour a few months earlier. Langley took the money – and continued to take more than $ 164 million in investment in the foundation.
By the way, Lewis, originally from Founders Fund, now has other big names in the Bedrock portfolio, like Openai, wavy, and Mach Industries.
Meanwhile, the head of the American dynamism of A16z, David Ulevitch, led other tricks for Flock. “Beyond the protection of properties, the security of herds literally helps to save lives”, Ulevitch and A16z Growth VC David George heard in 2021.
Garry Tan of YC went to LinkedIn Just A few months ago To applaud the success rate, the affirmations of herds were made in the fight against crime.
But it was the growth of Flock’s income, in addition to its public security products, which led investors to “continue to double and triple on Flock”, said Beilin.
