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Physical Security Startup Hivewatch Lands $20M Series A, Led By Dick Costolo And Adam Bain

Oct 26, 2021over 3 years ago

Amount Raised

$20 Million

Round Type

series a

Description

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 Information

Company

Hive Watch

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech