Reported about 10 hours ago
Flock Safety, a U.S. startup specializing in surveillance technology, has raised $275 million in funding led by Andreessen Horowitz to establish a manufacturing facility and expand into drone products. The investment boosts the company’s valuation to $7.5 billion and is part of its strategy to enhance U.S. manufacturing and increase annual recurring revenue, which has grown 70% year-over-year. With plans to launch U.S.-made drones in 2025 and a focus on aiding law enforcement, Flock aims for an eventual public listing while expanding its market presence among police agencies and businesses.
Source: YAHOO