Evolv Technology Starts the Quarter in Record Fashion, Closing $24 Million in New Funding and Adding Accomplished CFO

Posted on October 31, 2019July 31, 2024 by admin

Evolv Technology, the Leader in Free-Flow Threat Detection, Continues Upward Momentum

WALTHAM, MA, October 31, 2019 – Following last month’s successful Evolv Express® product launch, Evolv Technology continues to build momentum with $24 million in new funding just days after hiring accomplished CFO Peter Faubert.

Evolv Technology, a Boston area start-up founded in 2013, has launched its second proven weapons-screening systems to stop mass casualty threats. Evolv’s products, which are designed to address the active shooter, workplace violence and terrorism epidemic without the hassle of traditional security screening, return confidence and peace of mind to security professionals and visitors around the world. Evolv plans to use the additional funding to support operations and capital needs as the company scales to support the rapid adoption of Evolv’s revolutionary weapons-screening capability.

““We’re truly fortunate to have strong investment partners who share our vision. This most recent funding will enable the company to scale quickly to support the need for improved security in venues across industries.””

“We started Evolv to develop truly seamless technology to detect anyone attempting to carry a weapon or other threat into venues without slowing the flow of visitors or employees. Public landmarks, workplaces, stadiums, schools and other venues are quickly adopting Evolv’s free-flow weapons-detection systems to solve today’s mass vulnerability problem.” states Mike Ellenbogen, Chief Executive Officer of Evolv Technology. “We’re truly fortunate to have strong investment partners such as Bill Gates, General Catalyst Partners, Lux Capital, Data Collective, SineWave Ventures, Finback Investment Partners, and others who share our vision. This most recent funding will enable the company to scale quickly to support the need for improved security in venues across industries.”

In addition to the $24 million preferred stock financing closed on October 16, Evolv anticipates raising additional funds at a second closing later this quarter. The company expects to grow its team as it continues to expand its breadth of solutions, fine-tune its AI capabilities, and stop new threats as they are discovered.

ABOUT EVOLV TECHNOLOGY

Evolv Technology, the leader in free-flow threat detection, has screened more than 25 million people to-date, preventing visitors from bringing more than 5000 weapons into public venues and places of work globally. Organizations such as Lincoln Center, Oakland Airport, Gillette Stadium, and LL Bean use Evolv’s free-flow weapons detection to prevent active shooters and terrorists from entering their venues while providing a non-intrusive experience. By fusing the latest sensors and Cortex AI™, Evolv delivers the only weapons detection smart enough to screen thousands of people without the need to stop and empty pockets or remove bags. Evolv eliminates the need to choose between safety and convenience, reducing the burden on security teams and taking the hassle out of people screening at places of work, schools, sports stadiums, entertainment venues, hotels and conference centers, airports, houses of worship, and government agencies. For more information, visit www.evolvtechnology.com

MEDIA CONTACT

Julie Zomar
Evolv Technology
P: 781-374-8100
E: media@evolvtechnology.com

Evolv Technology Continues to Expand Leadership Team by Hiring Peter Faubert

Posted on October 28, 2019July 31, 2024 by admin

WALTHAM, MA, October 28, 2019 – Evolv Technology announces the hiring of accomplished CFO Peter Faubert. Peter, a CPA with an established record of building successful high-growth companies, joins Evolv from SeaChange International, Inc., where he spent the last three years playing a strategic role in the company’s ongoing turnaround efforts.

Peter is a well-seasoned CFO with significant startup experience, having served with eight public and private technology companies over the last 20 years, five of them as CFO. He has vast experience in corporate finance, business administration, and management for entities ranging from early-stage to international public companies and brings extensive team-building capabilities to the Evolv team.

“We are thrilled to have Peter join the Evolv Technology executive team,” states Mike Ellenbogen, Chief Executive Officer of Evolv Technology. “His extensive financial leadership experience and proven expertise scaling cohesive, well-functioning teams are exactly the traits and qualities we need as Evolv enters an accelerating growth phase.”

“I am excited to have accepted the roles of CFO, Treasurer, and Secretary at Evolv Technology,” states Faubert. “In a very short amount of time, Evolv has positioned itself as a leader in the weapons-screening market. Among its many innovations across the industry are Evolv’s advanced technology and unique business model. As a father of five, I’m thrilled to join the Evolv team to help fulfill the mission to create a safer world while also positioning the company for financial success.”

Prior to his CFO roles at SeaChange International, Inc., This Technology Inc., Vision Government Solutions, Inc., JNJ Mobile (MocoSpace), and Turbine, Inc., he has held various senior finance positions with Viisage Technology Inc., Burntsand Inc. and Ariba Inc. Peter is a Massachusetts native and received his degree in accounting from Northeastern University.

ABOUT EVOLV TECHNOLOGY

Evolv Technology, the leader in free-flow threat detection, has screened more than 25 million people to date, preventing visitors from bringing more than 5000 weapons into public venues and places of work worldwide. Organizations such as Lincoln Center, Oakland Airport, Gillette Stadium, and LL Bean use Evolv’s free-flow weapons detection to prevent active shooters and terrorists from entering their venues while providing a non-intrusive experience. By fusing the latest sensors and Cortex AI™, Evolv delivers the only weapons detection smart enough to screen thousands of people without the need to stop and empty pockets or remove bags. Evolv eliminates the need to choose between safety and convenience, reducing the burden on security teams and taking the hassle out of people screening at places of work, schools, sports stadiums, entertainment venues, hotels and conference centers, airports, houses of worship, and government agencies. For more information, visit www.evolvtechnology.com.

For news and updates on Evolv Technology, follow us on Twitter at @EvolvTechnology and on LinkedIn at https://www.linkedin.com/company/evolv-technology/.

Media Contact

Julie Zomar
Evolv Technology
P: 781-374-8100
E: media@evolvtechnology.com

Evolv Technology Honors Partner, PT Hayam Wuruk Proteksindo, with Million Dollar Sales Award

Posted on October 24, 2019July 31, 2024 by admin

Safeguarding Visitors and Employees from Bombs and Firearms at Government Buildings and Facilities.

WALTHAM, MA, October 24, 2019 – Evolv Technology, the leader in frictionless smart threat detection, honors PT Hayam Wuruk Proteksindo with an Evolv Technology Million Dollar Sales Award for their success selling the Evolv Edge® Internationally.

PT Hayam Wuruk Proteksindo, headquartered in Indonesia, began their partnership with Evolv in June of 2018. For more than a year, the Proteksindo team have been effectively selling the Evolv Edge high-speed smart checkpoint systems into the Asia Pacific region to safeguard visitors and employees from bombs and firearms at government buildings and facilities.

“At Evolv, we value the partnerships we’ve developed to sell our threat-detection systems into the International markets to bring safety and peace of mind to venues worldwide. We have been thrilled to work with the team at Proteksindo, and look forward to our continued partnership,” stated Peter George, Chief Commercial Officer at Evolv Technology.

“Our vision at PT Hayam Wuruk Proteksindo, is to be the most credible partner providing SAFETY and SECURITY solutions to protect the things that matter. We carefully select partners that will help make our vision possible. Evolv Technology’s smart people-screening technology helps enable our vision and mission,” stated Jhonny Sitanggang, Managing Director at PT Hayam Wuruk Proteksindo.

ABOUT PT HAYAM WURUK PROTEKSINDO

Hayam Wuruk Proteksindo provides personal safety devices, defense security equipment, and screening solutions with professional teamwork to achieve our customer’s satisfaction. Our mission is to be the one-stop solution through our full range of products and services while giving maximum benefit to stakeholders. For more information, visit http://hayamwuruk.co.id/.

ABOUT EVOLV TECHNOLOGY

Evolv Technology has screened more than 25 million people to-date, preventing visitors from bringing over 5000 weapons into public venues and places of work worldwide. Organizations such as Lincoln Center, Oakland Airport, Gillette Stadium, and LL Bean use Evolv’s free-flow weapons detection to prevent active shooters and terrorists from entering their venues. By fusing the latest sensors and Cortex AI™, Evolv delivers the only weapons detection smart enough to screen thousands of people per hour, without the need to stop, and empty pockets or remove bags. Evolv eliminates the need to choose between safety and convenience reducing the burden on security teams and taking the hassle out of people-screening at places of work, schools, transportation hubs, sports stadiums, entertainment venues, hotels and conference centers, airports, houses of worship, and government agencies. For more information, visit https://evolvtechnology.com.

For news and updates on Evolv Technology, follow us on Twitter at @EvolvTechnology and on LinkedIn at https://www.linkedin.com/company/evolv-technology/.

Media Contact

Julie Zomar
Evolv Technology
P: 781-374-8100
E: media@evolvtechnology.com

Evolv Technology Launches First Free-Flow Weapons-Detection System Designed to Stop Active Shooters and Other Threats

Posted on October 22, 2019July 31, 2024 by admin

Express is the fastest weapons-screening system on the market, consistently screening 60 people every minute for firearms and other threats.

WALTHAM, MA, October 22, 2019 – Evolv Technology, the leader in free-flow weapons detection, launched Evolv Express™, the first no-stop weapons-screening system built to automatically screen groups of people as they walk through without slowing or stopping. With hundreds of systems deployed globally that have screened more than 25 million visitors to-date, Evolv continues to deliver innovative threat detection products. Express screens visitors individually or together, while automatically differentiating weapons from personal items.

Express is the fastest weapons-screening system on the market, consistently screening 60 people every minute for firearms and other threats. That’s 3,600 people per hour – 10X faster than a traditional checkpoint system. Express is designed to address the active shooter epidemic by detecting potential shooters before they enter a venue, without slowing the flow of visitors. Applications for Express include addressing workplace gun violence and school shootings, protecting iconic landmarks and keeping sports and entertainment venues safe. Venue managers no longer must choose between effective security and positive visitor experience.

“We live in an era of viral violence which has created a mass vulnerability problem. There is a clear need for a better way to deter or detect firearms and other threats before they enter a safe space, all while maintaining a positive experience for visitors and employees. Since the vast majority of visitors pose no threat, how do you allow them to walk right through while simultaneously identifying and separating those few individuals who may require a closer look?” stated Mike Ellenbogen, Chief Executive Officer, Evolv Technology. “We’re dedicated to solving the protection paradox. Today’s facilities need a solution that can quickly identify a threat but still welcome the crowds. We’re proud to have developed the first weapons-detection system capable of preventing the mass slaughter of innocent people without subjecting visitors to the traditional prison-like security experience.”

Using a new patented method of threat detection, Evolv’s Cortex AI™ software platform can instantly detect and identify a person carrying a weapon without slowing the flow of visitors who are carrying their personal items and bags. By fusing the latest high-speed sensors and Cortex AI, Express is the only weapons-detection system to deliver:

10X Faster Throughput than Traditional Checkpoints: Screening more than 3,600 people per hour. Visitors and employees walk one at a time or in groups through multi-lane entrances up to eight feet wide.

Free-Flow Screening: Only with Evolv, groups of people are screened simultaneously without removing personal items. Visitors no longer must stop and empty their pockets or remove their bags. They simply walk through naturally.

Real-Time Weapons Detection: The Evolv Cortex AI software instantly distinguishes between threats and personal items such as keys, coins, belts, and cell phones on their body or in their bag. Weapons include firearms, explosive devices, and knives.

Targeted Searches: Express provides guards with a real-time image on a local tablet, highlighting the individual with the potential threat and the location on the visitor’s body or in their bag.

Smarter Over Time: Stay ahead of the threat landscape. With the Evolv Cortex AI software platform, Express becomes more intelligent as new threat profiles are discovered.

Evolv is being used by iconic venues worldwide to screen people for threats in a free-flow operation. Express debuted at the Global Security Exchange (GSX) Conference in September, enabling security teams to experience the system live in action for themselves:

Evolv reduces the burden on security teams and takes the hassle out of people screening. Contact us to Experience Evolv.

ABOUT EVOLV TECHNOLOGY

Evolv Technology has screened more than 25 million people to-date, preventing visitors from bringing over 5000 weapons into public venues and places of work worldwide. Organizations such as Lincoln Center, Oakland Airport, Gillette Stadium, and LL Bean use Evolv’s free-flow weapons detection to prevent active shooters and terrorists from entering their venues. By fusing the latest sensors and Cortex AI, Evolv delivers the only weapons detection smart enough to screen thousands of people per hour, without the need to stop, and empty pockets or remove bags. Evolv eliminates the need to choose between safety and convenience reducing the burden on security teams and taking the hassle out of people-screening at places of work, schools, transportation hubs, sports stadiums, entertainment venues, hotels and conference centers, airports, houses of worship, and government agencies. For more information, visit www.evolvtechnology.com.

Media Contact

Julie Zomar
Evolv Technology
P: 781-374-8100
E: media@evolvtechnology.com

Evolv Technology Honors Partner, Nasc International Co., Ltd, with Million Dollar Sales Award

Posted on October 17, 2019July 31, 2024 by admin

WALTHAM, MA (PRWEB), October 17, 2019 – Evolv Technology, the leader in frictionless smart threat detection, honors Nasc International, Co., Ltd with an Evolv Technology Million Dollar Sales Award for their success selling the Evolv Edge®.

Nasc International Co., LTD, headquartered in Tokyo, Japan, began their partnership with Evolv in November 2017 and is the sole Japanese distributor for Evolv Technology. For the last 2 years, the NASC team have been effectively selling Evolv’s frictionless threat detection systems into Japan to provide peace and harmony at public and private venues.

““NASC has been our strategic partner for bringing safety and peace of mind to venues in Japan through our Evolv Edge systems.””

“To-date, NASC has been our strategic partner for bringing safety and peace of mind to venues in Japan through our Evolv Edge systems. We have been thrilled to work with the NASC team and look forward to our continued partnership as we strive to secure venues throughout Japan,” stated Peter George, Chief Commercial Officer at Evolv Technology.

“NASC aims for a safe and secure society with the highest security technology of international standards. We are pleased to be the sole Japanese distributor for Evolv Technology and several other world-class security companies that can help us make Japan a model for world peace, and are honored to receive this award,” stated Misako Sakon, CEO at Nasc International Co., LTD.

ABOUT NASC INTERNATIONAL CO., LTD

The company name “NASC” of Nasc International is an abbreviation for National Security Company. As its name suggests, it contributes to the creation of a safe and secure society that prevents crimes such as terrorism by building the world’s most advanced security system. Our motto is Harmony, Well Being & Safety for Japan. For more information, visit http://www.nasc-group.com.

ABOUT EVOLV TECHNOLOGY

Evolv Technology prevents attackers from bringing weapons into public venues and places of work. Organizations such as Lincoln Center, Oakland Airport, Gillette Stadium, and LL Bean use Evolv’s frictionless smart threat detection to prevent active shooters and bombers from entering their venues while providing a non-intrusive experience. By fusing the latest sensors and software AI, Evolv delivers the only free-flow smart threat detection that can screen thousands of people per hour, without the need to stop, and empty pockets or remove bags. Evolv reduces the burden on security teams and takes the hassle out of people-screening at places of work, transportation hubs, sports stadiums, entertainment venues, hotels and conference centers, airports, houses of worship, and government agencies. For more information, visit https://evolvtechnology.com.

For news and updates on Evolv Technology, follow us on Twitter at @EvolvTechnology and on LinkedIn at https://www.linkedin.com/company/evolv-technology/.

Media Contact

Julie Zomar for
Evolv Technology
P: 781-374-8100
E: info@evolvtechnology.com