Physical Security Startup Hivewatch Lands $20M Series A, Led By Dick Costolo And Adam Bain
10/26/21, 1:00 PM
Money raised
$20 million
Round Type
series a
HiveWatch, an LA-based startup that uses multisensor fusion to help companies better respond to physical security threats, has secured $20 million in Series A funding led by Dick Costolo and Adam Bain.
Company Info
Additional Info
This, the startup claims, can help organizations to move corporate safety operations from reactive-only responses to designing proactive programs that identify threats before they happen. “The technically-inspired companies have leadership that is solely focused on the advancement of technology at all costs, and then there’s the security practitioner-inspired, which are too far from the leading-edge technology or the required talent to execute on the solution. This startup reworked its privacy-friendly sensors to help battle COVID-19 When we saw what Ryan was building with HiveWatch, we instantly saw the value and the future of smart physical security.”HiveWatch claims its intelligent approach to cybersecurity helps organizations to modernize their physical security. Schonfeld, who previously served as a consultant for the U.S. Department of State, says HiveWatch will use the newly raised funds to build a better and more cohesive customer experience and a best-in-class engineering team focused on diversity and inclusion.