Emergency communications and data-sharing platform developer Carbyne announced Thursday that it has raised $25 million in Series B1 funding. The capital is expected to help the company continue its expansion and boost product development.
The funding round was led by Hanaco Ventures and ELSTED Capital Partners, with participation from the former director of the CIA, General David Petraeus, and all existing investors, including Founders Fund, FinTLV, and more, The company has now raised a total of $53 million since its launch in 2015, Carbyne said.
“Our patented technology and platforms answer the most pressing needs in a multi-billion dollar sector that witnesses tremendous growth year over year, and there is ample opportunity for growth in the years to come," said Amir Elichai, CEO and Founder of Carbyne. “When COVID-19 first began, we saw governments were struggling with the ability to react to the volume of citizens’ unpredictable needs. We’ve realized we have to act fast. In less than one month we've released many powerful features to support worldwide clients. All deployed remotely."
“Times have changed, and so should the technology that is serving our citizens. In a modern age, facing unprecedented challenges, legacy solutions are failing our community when they need us most. It is no longer what the public expects or accepts,” the CEO added.
Carbyne's cloud-native platform delivers real-time secure information between citizens, emergency centers and state agencies. Its patented, secure omni-channel solution enables live video, images, chat, voice, VoIP, NLP and content sharing between callers and emergency call centers; no app is required and it takes just 30 seconds for deployment anywhere worldwide. Carbyne’s technology covers more than 400 million citizens, has streamed more than one million minutes of video to 911, and delivers over 155 million accurate location sessions a year, making it one of the world’s largest providers of rich data to emergency services, according to the company.
“Carbyne delivers a truly critical capability to the public safety market,” said General Petraeus. “The ability to create transparent emergency communications between citizens, emergency call centers, first responders, and state and local government entities will prove of enormous importance as it is integrated into emergency response systems and will certainly save lives and improve outcomes. What Carbyne provides will dramatically enhance communications in the moments that matter most.”