RapidSOS Raises $85M in Funding Round
Wednesday, February 10, 2021 | Comments

RapidSOS announced it closed $85 million in Series C funding led by global venture capital and private equity firm Insight Partners.

Insight is a leading software investor with more than $30 billion in assets under management after announcing its 11th flagship fund, Fund XI at $9.5 billion in April 2020. The investment, which brings RapidSOS's total funding to $200 million, will advance the company's work to connect emergency data from digital health, smart buildings, security, connected vehicles and app companies with first responders globally.

The RapidSOS platform powers more than 4,800-plus emergency communications centers (ECCs) across the US, covering 92% of the population, and is integrated with more than 350 million connected devices. These devices, recognized as RapidSOS Ready, transmit real-time location, health and medical information, connected building and alarm data, and more in an emergency.

"2020 reminded all of us of the heroic work that first responders do in our most challenging moments," said RapidSOS Founder and CEO Michael Martin. "We spent the past eight years building the RapidSOS emergency response data platform in partnership with thousands of first responders, collaborating with leading technology companies to provide the right data, at the right place, at the right time to save lives across over 150 million emergencies annually."

The new funding supports RapidSOS's mission to link connected devices to first responders globally when it’s needed the most, providing a life-saving ecosystem of safety, security, and digital health. For example, the RapidSOS Platform connects data from crash impact and occupant data from connected vehicles; critical health and medical information from medical profiles; wearables and devices; and alarm information, address, sensor data and multimedia from connected buildings with 9-1-1 and first responders in an emergency.

"Insight has a history of backing category-defining companies, and RapidSOS has all the makings of one in the emergency response space," said Nikitas Koutoupes, managing director at Insight Partners. "We are excited to have our team of software scale up and platform experts help drive RapidSOS's mission."

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