RapidSOS Gains $21M in New Funding
Wednesday, June 10, 2020 | Comments

RapidSOS announced a $21 million funding round led by Transformation Capital, a leading digital health growth equity fund. The round also included participation from C5 Capital, a leader in cybersecurity; Laerdal Million Lives Fund, a global health fund focused on life-saving impact; and existing investors.

First responders globally are facing unprecedented challenges. RapidSOS will use the funding to extend its work with more than 4,700 public-safety agencies globally, providing health, connected building, wearable, telematics and other critical data to first responders to empower faster and smarter emergency response.

"First responders are doing incredible work during this unprecedented pandemic," said Michael Martin, CEO of RapidSOS. "With this funding, we can further connect health information from the patient in need, to first responders on scene, all the way to hospital systems, driving our mission to create a safer, stronger future where technology and people work together to save lives."

RapidSOS has developed the world's first emergency response data platform, which links life-saving data from more than 350 million connected devices and mobile apps directly to 9-1-1 and first responders, sharing real-time information such as a caller's name, location and opt-in health information. This data is critical to helping 9-1-1 centers accelerate response, especially in the millions of emergencies where it is challenging for the caller to speak.

"Prior to RapidSOS, most emergency medical treatment had to occur without even knowing the patient's name, much less any other data about the patient," said Todd Cozzens, managing partner at Transformation Capital. "RapidSOS has transformed the way we respond to emergencies, and we are excited to help them extend that reach into healthcare."

This new funding brings the company's total funding to $107 million and comes just more than six months after RapidSOS announced the close of a $55 million round led by Energy Impact Partners.

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