Carbyne, an Israeli-founded startup that provides law enforcement agencies with real-time location, video and mapping tools for emergency responses, said it has raised $25 million in a series B1 funding round in which former CIA director David Petraeus participated.
The round was led by Hanaco Ventures and ELSTED Capital Partners and includes all existing investors, including Founders Fund and FinTLV, the Tel Aviv-based startup said.
Merging location services, live video chat, incident mapping, and other communication technologies into a single dashboard, Carbyne provides real-time information to law enforcement agencies entering potentially chaotic and stressful situations.
The new investment round will allow the company to expand its activities and boost product development, the company said in a statement.
Carbyne said its technology has already streamed more than one million minutes of video to 911, and delivers over 155 million accurate location sessions a year, making it one of the world’s largest providers of rich data to emergency services.
The startup said in November that it had struck partnerships with two US-based public safety firms, CentralSquare and Global Medical Response (GMR).
“Our patented technology and platforms answer the most pressing needs in a multi-billion dollar sector that witnesses tremendous growth year over year, and there is ample opportunity for growth in the years to come,” said Amir Elichai, CEO and founder of Carbyne.
“Carbyne delivers a truly critical capability to the public safety market,” said Petraeus, who served as head of the CIA in 2011-2012, in the statement. “The ability to create transparent emergency communications between citizens, emergency call centers, first responders, and state and local government entities will prove of enormous importance as it is integrated into emergency response systems and will certainly save lives and improve outcomes. What Carbyne provides will dramatically enhance communications in the moments that matter most.”
The company has raised a total of $53 million to date. The latest funding round follows its Series B financing in 2018 from Founders Fund and ELSTED Capital Partners, the statement said.