Dublin-based bodycam company HALO has announced that it has closed a $20m funding round with US growth equity firm, Volition Capital.
HALO said the investment follows rapid company growth fuelled by demand for its products.
The money will be used to fund the expansion of the business and the growth of its teams in Europe and the US.
The funding will also support continued investment in advancing hardware and software platforms, with a focus on bringing new AI and analytics features to market.
HALO has offices in Dublin, Belfast and Austin, Texas, and with its network of partners, serves more than 700 customers in 14 countries.
The company provides subscription-based bodycam and cloud-based digital asset management systems.
The bodycams capture HD video and audio footage which is live streamed to a cloud platform.
Videos become available in real time and once uploaded can be searched, edited or shared.
The technology is used by law enforcement agencies as well as by private security, retail, transport and healthcare companies.
“We started HALO with a mission to fundamentally transform the safety and security sector and provide innovative technology that safeguards lives and businesses,” HALO CEO Fiona Shanley said.
“Various social and economic realities have escalated demand for effective and reliable security solutions that maximise tech budgets and most importantly, protect people.”
“This investment will enable us to continue to scale globally,” Ms Shanley added.
