The Series A investment from Volition Capital will accelerate adoption of its highly scalable and affordable video evidence gathering technology that safeguards lives and businesses
AUSTIN, Texas and DUBLIN, Ireland, Feb. 27, 2024 /PRNewswire-PRWeb/ — HALO, the leading subscription-based bodycam and cloud-based digital asset management platform, today announced it closed a $20M Series A funding round from Boston-based growth equity firm, Volition Capital. The investment follows rapid company growth fueled by demand for HALO’s all-in-one subscription technology that protects people and safeguards businesses.
The global market for Body-worn Camera technology is estimated at $10 billion in 2024 and is projected to reach USD $30 billion by 2030. Originally associated with law enforcement, BodyCam technology is now growing strongly in the private sector and HALO is supporting its customers – spanning retail, healthcare, transportation, private security and law enforcement – to de-escalate incidents, deter crime, capture clear video evidence and enhance employee and public safety.
HALO provides a unified solution to capture full HD video and audio footage, live streaming to its Digital Asset Management cloud platform. HALO’s camera fleet is coordinated through advanced IoT technology which allows videos to become available in real time. Once uploaded, videos can be searched, edited, categorised or shared to meet the user’s needs. HALO combines a consumer-style user experience with enterprise-grade robustness in a simple, cost-effective, and scalable solution.
“We started HALO with a mission to fundamentally transform the safety and security sector and provide innovative technology that safeguards lives and businesses,” said CEOÂ Fiona Shanley. “Various social and economic realities have escalated demand for effective and reliable security solutions that maximise tech budgets and most importantly, protect people. This investment will enable us to continue to scale globally. We plan to invest substantially in further innovating our product, ensuring that we stay at the forefront of our industry and continuously meet the evolving needs of our customers.”
The investment from Volition Capital will support HALO’s continued investment in advancing its hardware and software platform, with a focus on bringing new AI and analytics features to market and delivering on Open APIs to integrate seamlessly with partner solutions. The capital will also fund market, use case and partnership expansion and the growth of HALO’s team in the U.S and Europe.
“There are several converging trends driving increased demand, adoption and growth potential of bodycam and digital asset management solutions in the public and private sectors,” said Tomy Han, Volition Capital Partner. “Technology including hardware and software has become a critical part of safeguarding lives and businesses. The use cases for bodycam solutions have expanded well beyond traditional law enforcement and with its subscription-based SaaS model and experienced leadership team, HALO is well positioned to meet the diverse and flexible needs of these sectors globally.”
About HALO
HALO is the world’s leading subscription-based bodycam and cloud-based digital asset management system. Halo’s technology safeguards lives, employees and business by deploying advanced camera technology on the ground and intelligent asset management in the cloud. From its offices in Dublin, Belfast and Austin and its network of partners globally, the company serves 700+ customers in 14 countries across private security, transport, retail services and law enforcement sectors and is proud that more lives are protected; greater evidence is captured; and support is there when and where it is needed most. For more information, visit https://haloamericas.com/.
About Volition Capital
Volition Capital is a Boston-based growth equity firm that principally invests in high-growth, founder-owned companies across the software, Internet, and consumer sectors. Founded in 2010, Volition has over $1.7 billion in assets under management and has invested in and/or provided sub-advisory advice to more than 40 companies in the United States and Canada. The firm selectively partners with founders to help them achieve their fullest aspirations for their businesses. For more information, visit http://www.volitioncapital.com or follow us on Twitter @volitioncapital.
Media Contact
Peter Moran, Indicate Media, (347) 880-2895, peter@indicatemedia.com, indicatemedia.com
SOURCE HALO
