New York-based RapidSOS startup raises $21m to help first responders take on unprecedented pandemic
RapidSOS, a New York-based emergency response technology company has raised a $21 million funding round led by Transformation Capital, a leading digital health growth equity fund. The round also included participation from C5 Capital, a leader in cyber security, Laerdal Million Lives Fund, a global health fund focused on life-saving impact, and existing investors.
First responders globally are facing unprecedented challenges amidst COVID-19. RapidSOS will use the funding to extend its work with 4,700+ public safety agencies globally – providing health, connected building, wearable, telematics, and other critical data to first responders to empower faster and smarter emergency response.
Michael Martin, CEO of RapidSOS said: ''First responders are doing incredible work during this unprecedented pandemic. With this funding, we can further connect health information from the patient in need, to first responders on scene, all the way to hospital systems, driving our mission to create a safer, stronger future where technology and people work together to save lives.''
RapidSOS has developed the world’s first emergency response data platform, which links life-saving data from more than 350 million connected devices and mobile apps directly to 911 and first responders, sharing real-time information such as a caller’s name, location, and opt-in health information. This data is critical to helping 911 centers accelerate response, especially in the millions of emergencies where it is challenging for the caller to speak.
Todd Cozzens, Managing Partner at Transformation Capital said: ''Prior to RapidSOS, most emergency medical treatment had to occur without even knowing the patient’s name, much less any other data about the patient. RapidSOS has transformed the way we respond to emergencies and we are excited to help them extend that reach into healthcare.''
Admiral Michael Mullen, Operating Partner at C5 Capital and 17th Chairman of the Joint Chiefs of Staff said: ''911 and first responder systems are critical pieces of our global infrastructure. I’m excited by the partnership between RapidSOS and thousands of public safety agencies to digitize emergency response.''
This new funding brings the company’s total funding to $107 million and comes just over six months after RapidSOS announced the close of a $55 million round led by Energy Impact Partners. Built in partnership with public safety, RapidSOS’s emergency response data platform securely and automatically links life-saving data from connected devices, apps, and profiles directly to over 4,700 emergency communications centers nationwide. Public safety agencies that do not have access to RapidSOS can sign up for free at www.rapidsosportal.com.