The company 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 911 and first responders, sharing real-time information such as a caller's name, location, and opt-in health information
FREMONT, CA: Emergency response technology firm RapidSOS secured USD 21 million in a financing round led by Transformation Capital, a leading digital health growth equity fund. The New York-based company investment round was also participated by C5 Capital, a leader in cybersecurity, Laerdal Million Lives Fund, a global health fund focused on life-saving impact, and existing investors. First responders across the world are facing unprecedented challenges amidst the COVID-19 pandemic. The company will use the proceeds from the investment to extend its work with over 4,500 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." The company 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 911 and first responders, sharing real-time information such as a caller's name, location, and opt-in health information. This data can prove to be crucial in helping 911 centers accelerate response, especially in case of various 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." The latest round of funding takes the company's total raised capital to USD 107 million and falls shortly after the company USD 55 million round led by Energy Impact Partners.
"911 and first responder systems are critical pieces of our global infrastructure," said Admiral Michael Mullen, Operating Partner at C5 Capital and 17th Chairman of the Joint Chiefs of Staff. "I'm excited by the partnership between RapidSOS and thousands of public safety agencies to digitize emergency response."