RapidSOS Closes $55M Round of Funding
Tuesday, October 08, 2019 | Comments

RapidSOS announced the closing of a $55 million funding round. The latest investment was led by Energy Impact Partners (EIP), an energy technology investment firm backed by a coalition of leading global utilities.

The round, which adds $25 million to an initial close of $30 million, accelerates RapidSOS's work partnering with thousands of public-safety agencies, most major public-safety software providers and connected device companies to transform emergency response and disaster management. RapidSOS currently connects more than 250 million Americans directly to 3,500-plus local 9-1-1 and first responder agencies — transmitting real-time health and medical information, vehicle telematics, multimedia and building sensor data during emergencies.

"Integrated and now deployed across thousands of different public-safety systems, RapidSOS spent seven years working with public safety to develop a powerful new platform to transform America's emergency response infrastructure," said Dave Nagel, RapidSOS investor and retired chief technology officer (CTO) of AT&T and senior vice president of research and development (R&D) for Apple.

Since launching its service in 2018 in collaboration with major technology companies such as Apple, Google, Microsoft and Uber, RapidSOS has helped first responders manage more than 90 million emergencies, saving thousands of lives nationwide.

"This funding supports our mission to connect the world to public safety," said RapidSOS CEO Michael Martin. "With this new funding, we will focus on launching new data partners and expanding our emergency response platform globally to ensure everyone has access to emergency services when they need it most."

Public-safety agencies can access life-saving emergency data from Apple, Google, Uber, MedicAlert Foundation, the American Heart Association and more via the RapidSOS Clearinghouse, a secure source for emergency data. Connected device companies can use one of RapidSOS's modern application programming interfaces (APIs) to provide turnkey emergency response for their application, device or service.

"From managing the impact of extreme weather to more routine day-to-day operations, public safety is central to the mission of utilities around the world," said Sameer Reddy, partner at EIP. "We're excited by the ability of RapidSOS's advanced technology platform to transform how our utility partners manage safety, security and emergency operations."

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