Total amount raised
$203.7 Million
Latest funding date
10/1/2022
Location
RapidSOS has successfully raised funding over 18 rounds, with the latest being a Series D round. The company is backed by 42 investors, including notable names like Apax Partners and Acrew Capital.
Keep reading to explore the intricacies of RapidSOS's fundraising journey and the investors backing this innovative platform.
What Is RapidSOS?
RapidSOS is an intelligent safety platform that connects devices, apps, and sensors for safety agents. The company operates in the industries of Artificial Intelligence (AI), Mobile Apps, and Public Safety. It is located in New York, New York, United States, and has an employee count of 101-250.
Founded to enhance public safety through advanced technology, RapidSOS integrates with emergency response systems to provide real-time data and insights. This mission-critical intelligence helps first responders act quickly and effectively, bridging the critical gap in emergency response.
How Much Funding Has RapidSOS Raised?
- Series B
- Amount Raised: USD 25,000,000
- Date: October 2019
- Lead Investors: Energy Impact Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand platform capabilities and increase market reach.
- Series C
- Amount Raised: USD 21,000,000
- Date: June 2020
- Lead Investors: Transformation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance service offerings and support growth.
- Series C
- Amount Raised: USD 85,000,000
- Date: February 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
- Corporate Round
- Date: January 2022
- Lead Investors: Honeywell
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form strategic partnerships and enhance product offerings.
- Series C
- Amount Raised: USD 75,000,000
- Date: September 2022
- Lead Investors: NightDragon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and accelerate growth.
- Series C
- Amount Raised: USD 75,000,000
- Date: March 2024
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and development efforts.
- Series D
- Amount Raised: USD 100,000,000
- Date: November 2025
- Lead Investors: Apax Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance platform capabilities and support strategic growth initiatives.
Total Amount Raised: USD 381,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Apax Partners
- Details: Apax Partners is a global private equity firm that has been investing in companies for over 30 years. They focus on long-term growth and have a strong track record in various industries.
- Investment Focus Areas: Technology, healthcare, consumer, services.
- Notable Investments: ThoughtWorks, Duck Creek Technologies, Inmarsat.
- BlackRock
- Details: BlackRock is a global investment management corporation known for its extensive portfolio and influence in the financial sector. It manages assets for clients worldwide, including institutions and individuals.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Apple, Microsoft, Amazon.
- NightDragon
- Details: NightDragon is a venture capital firm that specializes in cybersecurity, safety, security, and privacy industries. They aim to support companies that protect the digital and physical world.
- Investment Focus Areas: Cybersecurity, safety, security, privacy.
- Notable Investments: Arctic Wolf, Illumio, SafeGuard Cyber.
- BAM Elevate (Balyasny Asset Management)
- Details: BAM Elevate is the private investment division of Balyasny Asset Management, a multi-strategy investment firm. They focus on diverse sectors and aim to generate high returns for their investors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, Airbnb, Palantir.
- Manhattan Venture Partners
- Details: Manhattan Venture Partners is a research-driven merchant bank that specializes in secondary market transactions. They focus on providing liquidity solutions for late-stage private companies.
- Investment Focus Areas: Technology, late-stage private companies.
- Notable Investments: SpaceX, Robinhood, Lyft.
What's Next for RapidSOS?
RapidSOS stands at the cusp of significant growth opportunities, driven by its ability to integrate life-saving data from over 540 million connected devices. The platform's support for predictive incident awareness and real-time data processing positions it to expand its reach among the 16,000 field responder agencies it already serves. This vast network and the increasing importance of IoT in safety management highlight the immense potential for future growth.
With the recent successful closing of a $150 million funding round, RapidSOS is well-positioned for future fundraising opportunities. The backing from prominent investors like BlackRock and NightDragon suggests a strong foundation for continued financial support as the company scales its operations and enhances its technology infrastructure.
However, RapidSOS faces challenges in managing and processing vast amounts of data while ensuring privacy and security. Maintaining and scaling the platform to support a growing number of users and devices will be crucial. Staying ahead of technological advancements and industry competition will also be essential for sustained success.
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