Armored Things, a company that uses the Internet of Things devices and their data to keep large venues safe, today announced that it has completed $5. 5 million institutional seed funding round Glasswing Ventures and iNovia Capital led the investment round with the participation of additional existing and new investors, including MassVentures, early stage, Massachusetts-focused venture fund.
This new capital will help the company to step up its product development efforts.
Unique opportunity to develop a predictive cyber-physical incident response platform The
In addition, the company will increase its sales and marketing efforts in advance of the initial product release scheduled for early next year.
Glasswing Ventures is a Boston-based venture capital firm dedicated to investing in the next generation of AI start-ups and frontier technologies that connect consumers and businesses and protect the ecosystem. Rick Grinnell, Glasswing Ventures Founder and Managing Partner, said, “Armored Things is a tremendous investment opportunity, with an all-star team of cyber and physical security experts focused on integrating these two worlds. AI-based innovation will provide the best-in-class protection for the most important assets of society, both digital and physical. “That’s right.
Both Grinnell and Todd Simpson, iNovia Capital Partner, will join the Board of Directors of Armored Things “We are excited to co-lead this round of funding for Armored Things and to support the team in their next phase of growth,” Simpson said. “Their application of AI to the physical world has the potential to solve the critical issues facing communities around the world, and that’s a story that we absolutely want to play a part in. “iNovia Capital is a leading venture capital firm with over a decade of investment experience supporting high-growth technology startups in Canada and the United States.
“Armored Things has the privilege of partnering with Rick and Glasswing Ventures plus Todd and iNovia Capital,” said Charles Curran, CEO of Armored Things. “Both firms have passionate experts who understand the critical intersection where physical security meets cyber security. They are deeply committed and share our mission to keep people safe where they work, live and play. “That’s right.
On Armored Things:
Armored Things is a Boston-based startup that is building a predictive cyber-physical incident response platform to keep people safe in large shared spaces such as schools, stadiums, and streets. We provide security operations with early warning of risks, better information to assess threats, and faster response through automation using existing IoT and mobile devices and systems.
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