The emergency technology startup Carbyne announced on Thursday a $25 million Series B1 funding round led by Hanaco Ventures and ELSTED Capital Partners.
The round also had participation from former CIA Director General David Petraeus and all existing investors, including Founders Fund, FinTLV, and more.
The investment will “allow the company to drive its continued expansion and push forward future product development,” the company said in a statement.
The company has raised a total of $53 million since its launch in 2015. The latest funding round follows its Series B financing in 2018 from Founders Fund and ELSTED Capital Partners, which was used to optimize the product market fit and sales processes.
Founded in 2014, Carbyne has built the world’s leading, cloud-native emergency collaboration platform, which delivers real-time secure information between citizens, emergency centers, and state agencies. Its patented solution enables live video, images, chat, voice, VoIP, NLP, and content sharing between callers and emergency call centers.
No app is required. It takes 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.
By 2023, Carbyne aims to have a commanding presence in every state across the country, in addition to its presence in international markets, and will aim to serve 1.5 billion people.
While COVID-19 highlighted the vulnerabilities of traditional emergency services in terms of communications and data-sharing, , Carbyne had a stellar year, deploying a new project every 10 days.
“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.”
“Our investment philosophy focuses on emerging platforms that deliver superior solutions, provide enhanced value, and allow for an improved public confidence and safety,” said Lior Prosor, general partner of Hanaco Ventures. “Carbyne has been on our radar for quite some time because of its strong value proposition and impressive growth. It is led by an experienced founder and reputable team, and has delivered a life-changing product to the market. We are pleased to be partnering with them in their next phase of growth.”
“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,” added Elichai.