Mentioned:
Public safety technology is on the rise. And now, one of the most exciting publicly traded companies in North America for weapons detection has raised a fresh round of financing.
What’s happening:
- Liberty Defense (TSXV: SCAN) has successfully raised $5M CAD in a new equity financing round
Why it matters:
- Liberty Defense has quickly become one of the most exciting publicly traded companies in North America for weapons detection technology, which has led to multiple notable contracts for public safety including a deal with the United States Transportation Security Administration
Going deeper:
- Liberty Defense’s HEXWAVE and HD-AIT scanning hardware leverages artificial intelligence technology to rapidly detect metallic objects, liquids, powders, plastic explosives and even 3D printed guns
- Multiple airports have recently struck deals with Liberty Defense for installing their HEXWAVE scanning hardware, including the Palm Springs International Airport and the Fairbanks International Airport
The intrigue:
- Public safety technology also continues to be an emerging theme in Silicon Valley, with Flock Safety just recently raising a new mega round of funding backed by a16z, Founders Fund, Tiger Global, Kleiner Perkins and Y Combinator
