About Evolv Technology
Evolv Technology an AI-enabled touchless security screening system that uses digital sensors and artificial intelligence to detect threats.
Headquarters
Evolv Technology, Waltham
Founded
2013-01-01
Industry
Artificial Intelligence (AI), Intrusion Detection, Machine Learning, Physical Security
Last Funding Type
Post Ipo Debt
Valuation
1.7
Total Funding
$483.32 million dollars
IPO Status
Public
Financial
Evolv Technologies, Inc. is focused on enhancing security screening through advanced detection methods. Their research includes developing techniques for personnel inspection with threat detection and discrimination, which involves analyzing data from magnetic field receivers to identify threats. They are also working on suppressing interference in threat detection to improve the accuracy of their systems. Additionally, they are exploring identity determination using biometric data, integrating unique identifiers and biometric information to accurately identify individuals. These areas of R&D aim to bolster the efficiency and reliability of touchless security systems.
Baltimore City Public Schools approved a four-year, $5.46 million contract to install AI-powered security scanners from Evolv Technology at 28 schools. NYC mayor plans to test Evolv's gun-detection tech in subway stations, despite the company's statement that it's not designed for that environment. Critics claim Evolv Technology has made false and misleading claims about its system's performance.
Baltimore City Public Schools approved a four-year, $5.46 million contract to install AI-powered security scanners from Evolv Technology at 28 schools. NYC mayor plans to test Evolv's gun-detection tech in subway stations, despite the company's statement that it's not designed for that environment. Critics claim Evolv Technology has made false and misleading claims about its system's performance.
Funding Rounds
10
Number of Lead Investors
4
Total Funding Amount
$483.32 million dollars
Number of Investors
17