Flock Safety, a startup at Atlanta Tech known for Surveillance Technology, has won a fresh $275 million funding led by Andreessen Horowitz. The investment will encourage the company’s push towards drone products and support the development of new manufacturing facilities, Reuters reports.
This funding round values the safety of the herd, ranging from $4.8 billion last year. The company currently raises more than $950 million, making it one of Atlanta’s most funded startups, according to Pitchbook.
Andreessen Horowitz’s third investment in flock safety is noteworthy given how unusual it is to double one company. Greenoaks Capital and Bedrock Capital also participated in the round.
“Flock Safety, which develops monitoring technology for a startup based in Atlanta, Georgia, has raised $275 million in new funding, led by Andreessen Horowitz, to invest in manufacturing facilities and expand into drone products.”
Founded in 2017 by Garrett Langley, Matt Feury and Paige Todd, Flock Safety sells security cameras and software designed to help law enforcement and businesses tackle crime. Its technology lineup includes license plate readers (LPRs), gunshot detection systems, AI-powered cameras, and drones as first responder (DFR) functions. It also offers software for real-time crime centres and investigation tools.
Flock Safety Founders: Garrett Langley, Matt Feury, Paige Todd
Tech startups fight crime and keep their neighborhoods safe
The company reported an annual recurring revenue of over $300 million, an increase of 70% over the past year. To prepare for the final public list, Flock added Brandon Simins as CFO, but no timeline for the IPO is set.
Flock is set to launch a US-made drone in 2025, and is building a 100,000-square-foot manufacturing facility in Georgia. “We are excited to bring more manufacturing in the US, and we support our mission to manage our supply chain more strongly and eliminate crime,” CEO Garrett Langley said.
Flock’s AI-driven surveillance system is used by over 4,800 law enforcement agencies and around 1,000 companies, including major retailers and healthcare systems. Enterprise clients account for approximately 30% of their revenue.
Investing in law enforcement-focused startups is a rare occurrence in Silicon Valley. However, David George, general partner of Andreessen Horowitz, believes Flock’s growth is a testament to the strength of the market.
“Flock Safety has one of the most persuasive ROI (ROI) equations of law enforcement seen in the software and hardware market in terms of solving crimes. The ability to permeate many police departments and have a very high market share can produce venture-scale results,” George said.
“Flock Safety’s pace of innovation and growth is impressive as it expands its product suite to meet the evolving needs of emerging markets,” added George.
Flock Safety works with over 4,800 law enforcement agencies and nearly 1,000 businesses. Their client list includes four of the top 10 retailers in the four National Retail Federation, seven of the 10 largest shopping malls in the United States, and 10 of the 40 largest US health systems.
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