RapidSOS Company Profile

By Joey Walter, Published on Oct 12, 2020

RapidSOS has raised $100+ million providing dispatchers free software and caller locations from mobile apps, but is it competing with central monitoring and will they make money?

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In this report we examine the company's background and business model:

  • Company overview
  • $100+ million funding
  • Pitch / offering
  • Business model
  • Home security vs. central stations
  • Company growth / hiring
  • Opportunities / challenges

This company profile is part of a series of more than 100 company profiles that IPVM has published.

Overview / $****+ *******

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*** ******* *********** ********* of ******** ** *** integration **** *,*** ****** agencies ****** *** ** that *** ******* ****** provides ****** *** **** accurate *********** *** ****** facing ***********. ******** **** charges ************* (**** *****, Google, ****) ** ******* their ***** ** ***** public ******** *************'* ***.

**** **** ****** **** $100 ******* **** $**+ million ** *** **** 20 ******. **** ********, in **** ****, ********** $** ****************** *** ******** ** a ********* *** ********* their *******.

** *** **** ** months (******* *** ********* of ****), ******** *** claimed ** * ****** of *** ***** ****:

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*** **** ****** ** primarily **** ******* ** Apple, ******, *** ****. The ******** ******* ** not *********.

*** ******* **** **** are **** ***** **** funding ** *** ************ ****** *******, ********** **** *** American ***** *********** *** the *** ***** ** improve ***** ****-**** ****** sources ** ****.

Replacing "***** **********"

******* *** ********** ************* *** ******** ******** technology, "**** ********* ** the *****" ** * reason "**% ** ****** 911 ***** ***'* ** located". **** ****** *** win *$**,*** ******* *********** ** 2015, ****** ** ******* the **** ***** ** VC *********:

**************, ****** ****** ********* points (*****) **** ** triangulation **********, ********* ** the *****, ******* **** phone ****** ** ****** callers.

********'* ******** ** ***** digital ******** **** **** callers' ****** ******, **** companies *** ***** *** most **** –********** **** ******, *****, and ****.

******* ** ***** "************ landline ******", ** *** more *********-***** ***** ** ******, ********* *********** *** the******** ******** ******* * ****'* profile **** ***** ********, health / ******* ***********, demographic ****, ***. *********** from ***** ****** **** to *********** *************.

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******** ****** **** ******* is **-** ******* ****** than ******** ******* *** gives * **** ******* location, **** ***** ********* material:

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Business ***** – ******** / ************

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******** ****** *** ***** Clearinghouse *** ****** "***% free" ** *****, *** have *** ** ********** pay *** ****** *********.

**** **** ***** ******* from ***** ***** **** partner ***** *.*. ******, Apple, ****, *** *** trying ** ******* ***** emergency ********, ** (*) licensing ******** ** ********* the *** **** ***** devices *** ****, *** (2) ********** ***** ***** to ********* *********** *** are ***** ********. **** is **** ** *** right **** ******* *** *** ***********.

******* ******* *** ******** are **** ************ **** command & ******* ********* such ********, ***** **** ******** Clearinghouse *** *** ******, *** ******** ******** into **** ******** ********* as ********* *****.

******** ***** *** **** list ** ***** ************ (e.g. ******** *******, ********* providers):

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*** **** ******* *** this ******** ***** ** whether **** ****** **** continue ** **** **** their **** *** **** due ** * ******* of *******, ********* *** HIPAA ******* **** *** other ********* ********** ** other ******** ********* *.*. Google ****** * ***** in ***.

******** *** *** ******* specifics ** *** *******'* revenue *** *** ********* prices *** *****.

Home ******** ********** ** ******* ********

** ****** ****, ******** ********* with *** ***** **** security ********, *** ******** ***********.

**** **** **** ***** monitoring ******** **** ** confirm ******** **** *** user, *** **** ********, Cove's ********** ******* *** verify * ****'* ******** with * **** ****. Other ***** ******** **** have ** ******** ******** all *********** ** *****, but ******** **** ****** Cove ** **** * user's *********** ** ***** with * "****** ****".

*****-**-**** ** ***** ********** stations ******** **** ******** Powered ** ********** **** ***** *-* minutes *** **** ***********.

*******, ******** ** *** replacing ********** ******** ** alarms ***** **** ** be ******** ** ****** at * *******.

******** ** *** ********* directly **** ******* ********** stations, ******, ** **** model ***** **** *** only **** ** ********* with ******** ******* **** are ********* ** "******** Ready", *** ***** ****** that ******* ******* ********** stations.

** ***** ********** ******* president ********* ** **** that ** ** *** a *********** *** ******* RapidSOS, ** **** ****** are ***** ******. *******, he **** ********'* ******* plan *** ** ******* central **********, ***** ******** and ** ** ****** alerts.

Attracting ****** / ***** *******

******** ** ******* *** team ******** *** ************ ********** ****** **** top *******, *** *********** executives **** ******** **** the *******.

** ******** ********* **** a *** ** "*****" people **** ****, *** we ********* *** ** their *** ** ****** Safety,**** *************** *******, **** ** ******** and ***** ****.

*******, * ******** *** description *** * "** ** ********* ********" ****** *** ******* has ***** *** **** 3x ** *** **** 20 ******.

******** ***** **** ** their **** *** ******* MBAs *** ******** ************* with **+ ***** **********. Some ** *** ********* are *** *******, ******* they *** ********** ********* people ** **** ***** like *****-****** *********.

**** *** ****** ***** called "******* ********" *** "Health *********** *****", ******* on "******** *** ************* with * ********* ** Vendor ******** *** ******* information". ******** ***** ***** relationships ** ***** *** the ***** ** **** ******* ****, **** are *** ******** ********* a *******.

*** ******* ** ** a "****** *****" ********* to ************ *******, *** ******** ***** overall **** **** ******* steadily **** *** **** 2 *****:

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*******

******** *** ***** * sizable ******* *********** ***** API **** *,***+ ****** agencies ***** ***** $*** million ** *******, ****** them * *************** *** warranting **** ********* **** Apple, ****** *** **** providing ************ ******* *** data ** *** *******.

*******, ** ** *** clear ******* **** *** get **** **** **** forever, ** ***** **** companies **** ******** ***** of ***** *** *** face ******* ********. ******** is *** ******** ** expand *** ******* ******* by ********** **** *** security *********. **** **** start ** **** ******* monitoring ******** ****** ** the ******** ****** ** a ******* ***?

Comments (2)

***** ***, ****! ***** be ***** ******* ************* * ******-** ** RapidSOS. *******'* ***-***** (*.*. PSAPs) **** ** **** a **** ******* ******* to ***** ** ********; however, ******* *** * more ************* ******* (******* in ******, ***** ******** to ***, ********* ********** more ******* **** ****** than *** *.*.).

*****, ***** ******!

******** *** *******… **** disruptors, **** ******.

** ******* ******** ********-**-***** will **** *** ****** the ************* ** *********** *****-*****-********** ***********”,**** ***** ******** *** Lydia/COPS. *** *** ****, RapidSOS *** *****, *** quickly ******* ******** ** existing ********* *** ******** of *** *********. *** firms **** ********** *** do ***** *** ********** with ***** ********. *********** firms **** ********, ****** Universal, ******** ** ***, that ******* ***-**-*** ******* for *********, *** **** the **********, **** ******* and ******. ******* ******** providers **** **-******* ** go ****. *****, ********** = *************.

** ********* **** **** readers ** *********** ** this ************ ***** * massive ****** ****** ** revenue **** ******** ** subsets.

******: *** *****; ******* Services *****

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