ZeroEyes Raises $21 Million
ZeroEyes has raised $21 million, with the company's CEO telling IPVM that they grew 50X in 2020, and are "hyper-focused" on weapon detection.
In this note, we share feedback from the company's CEO Mike Lahiff to IPVM looking at where the company is growing, what it aims to become, and what challenges we believe the company will face.
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********** * *** ********* ***** ********* company, **-******* ** **** ** ****** Navy ***** ****** ** ******* ************ monitoring *** *********** **** ***** ********'* existing ****** *******, ** ***** ** assist ***** ********** ****** ****** ******** incidents ** *******, ********** *********, *** defense *****. *** ******* ********* **** year ** ****'* ******* ****, ***** embedded *****:
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*** ********** **** ****** * ******* background ** **********, ***** **** ***** time ** *** *****. **** ****** (CEO), ****** ** *** ******** ** Digital ******* ********** ** *******, *** Huberty (***) ****** ** ** ********** Manager ** ******, *** *** ****** (CRO), *** ********** ** ********* ******* at * ******* ****** ****.
*******
*** ******* ******** ****** $** ******* in ***** ****** * *****, *** by ****** ********. ********* ** ******* Kim, ******* ** *** ****:
****** ******** ***** ** ******* **** high-growth ********* **** ** *** ** making * ********** ******** *** ******** impact.
****** ******** ** * ******* ** firm **** ***** *********** ****** ** *********. ********* ******** ********** ** ******** *********** ******** ******.
CEO ** ***********
*** *******'* *** **** **** ***** some ********** **** ********* ** ***** early **** ** ***********, *** ***** showcasing *** *******'* ***** ****** *** portraying *** ******* ******* ** ****’* been ********* ** *** ** (******** in *** ******** *** **** *********), investors ****** ******* ** **** ******.
** *** ******** *****, *** ******* said **** ***** **** ********* ******* since **** ****** **** **** ******* on ****** **** ** ****** *********** or ******* ********* *** *** ****** detection ************. *** ******* ******* ******* its *********** ***** ********* **** ** the ****** *** ********** *** ******** attacks ***** **** **** *********.
**********'* ******* ***** *** *********** *** ***** **** ******** ******* that ******** ***** **** ********** ******* the **** ** ********:
Revenue **** ******, *** ****
** ******** **** *** *******'* **** revenue **** ** ** *** *** millions ** *******, ****** *** ******* declined ** ***** ******** *******. **** did *** **** *** *** ****** in ****, ****** **** * **** of **** **** *** *** ****** so *** **** ****.
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*** ******* **** **** ** *** just ** *********, ****** ***** ********* are ********* ***** / ********** **** with **% ** *******, **% **********, and **% **********. **** *** ****** expansion ****** ******** ******** **** **** cameras ***** ***** ** *** ********.
******** ****** ****** ******* * *********, the *** ***** *** * ********* school ********:
*******
******** **** ***** ******* ** ** an **** ** $**/***** *** **** does **** ********* ** ******. *** cameras *** **** ********** *** ******** charges *** *** ********* ****.
******
*** ******* ****** ******, ***** *** time-consuming, ****** *** ******* **** ***** pilot *** ** **** ********* **** paying ********* (****** * ***** ******).
Employee *****/******
******** **** **** **** ~** ********* currently *** *** ******** ** ***** the **** *** **** ***** **, which ** ******* ******** ***** ********* from **** ** ~** *********.
Not ******** ********* ** ***** *********
***** ***** ********* ****** *** ******** are ***** ******* ** * **-******* of ***** ****** ********* *******, *** company ** ********* *** ******** ** selling *** ** ***** ******** ** products.
***********
******** ***** *********** **** **** ***** video ********-***** *** ********* *** ******* (audio-based) *********. *** *******, ******* **** year,***** ******* ****** $* *******, ****** **** **** ******** ****** gun ** **** ******* *********. ****** Security ******* ** ***** ********* ****** *********** *******. *** **** ****,*****.*** ******** ******* ********* *******, ** *******-***** ******* ********* ******. Many ***** *********** ***** *** **** does *** *** *** ************ ******** company *** ** **** *******.
****: *********** ** * ***** ******* detection ******** *** **** *** **** complementary ** ********* **** ******** ***** ShotSpotter ******* ** ****-**** ********* ****** site-specific *********.
Debate ***** *** *********
*** ********* ********* ****** ***** ******* as ** *** ***** *********** ********* and *** ******** ** ******** ******** offerings. ** *** ***** *********** ****, since ****** ******* ****** *** ***** rare *************, *** *** ********** ********, debate ****** ***** *** ***** ** spending *** **** *******. ** *** analytic ******** ****, ** *** ** difficult *** ******* ** ******* ******* guns *** *** **** **** *** analytic ****** **** ** ****** *** or ****** ******* ** ** ****** that ** *** * *** (*.*., a *********). ******** ****** *** *** monitoring ******* ** ****** *** ***** alarms.
Outlook *** ********
******* ~$** ******* ** * ***** milestone *** * ******* ** **** niche, ** *** ********* *** *** been **** ****** ************. **** ******* ZeroEyes ** ****** *** *********** *** sales ************ ** ***** **** ********* customers.
********' ***** ** **** ***** ****** help **** **** **** ********* ********* but **** ******* ** ** **** is *** *** *** ****** ** and, *******, ** ***** ***** ******* did, **** ******** ******* ** ***** a ******* ***** ** ******** *********.
Poll / ****
** * ********** **, ******** **** humans ** *** ******* ** *** final ****** ** ************ ** * gun.
*** ** **, *** *** ******* whether * ******** **** ****** ** “Twoeyes” ** ********…
***, **** **** ****** ** *** backend, *** ******* ******* ****** *** ** ********* at ******** ** **** *****.
******* * ****** **** ******, ** didn't ******** **.
***** ****** ** ********** ***** **** impractical ** *** ***** *** ********** impossible ** *** ******** *****.
***** ****** ** ********** ***** **** impractical ** *** ***** *** ********** impossible ** *** ******** *****.
***% *****.
*** *********** **** *** *** ********* and ************, *** ***, ***** *** identify ******* - ********* ** **. Carroll ** **** ****** **** **** - ** * ********* ******* ***.
** *** ****** ******** **** **'* in * ******* ? ** *** hope *** ****** ** ***, ******* considering *** *** **** ******* **** and *** *** ** ****** ***********, if *** *** ** *** ******* triggers ** ***** **** **'* *** (imagine **** ********** ****** ********* **** walk ** *** ****** ***** ** view), ** ** **** *** ******* an ***** ** ** *** ** well.
**** *** *********, *** ****** **** is **** ****.
** *** ****** ******** **** **'* in * ******* ?
** ******* *** ******** *** **** confirmed ***** ****** *** *** ******* to ****** ********.
*'** *** * ******* **** ** team *** ********, *** *** **** concerned ***** *** *******. **** **** having ******** ******** *** ******. * understand **** *** ****** *** **** it **** **'* ******* ** *** worst ****. **** * ********* * follow *** ***** ****** ** ** team ** ** *******, **** *** very ******* "********" *** ******. * haven't ****** ** **** *****. *'** heard ****** ****** ***** *** **** startup ****, *** ** *** ***** to ****** **** *** **** ***********. Is **** ******** ** ***** * test ** ****?
** *** ***** * ******* ********* test ********* (*****) *** ** ** plan ** ** ***** ***** ** the *** *********/ **** ********* ****. However, ** ***'* **** *** ******** timeline ***** ***. *** **** **** ZeroEyes ****** $** ******* *** **** be ******* ** ***** ***** *** marketing ******* ********* ***** ******* **** of ******* ******** ** **** *******.
*** **** **** ******** ****** $** million *** **** ** ******* ** their ***** *** ********* ******* ********* makes ******* **** ** ******* ******** to **** *******.
*** **** **** ******.
* **** ************.
*** ** ** *** *********** ****** in *** **** - * ** asking ******, *** *** ******** ***** of *** ** ***** **** ***** are ** ***. * ******** ***** center *** "****** ** ********" - Either ***** ******** ** **** ******** quite *****, ***** *** ******, ** their ******** ** **** *****. ********* for ***** * ******.
** * ********** **, ******** **** humans ** *** ******* ** *** final ****** ** ************ ** * gun. ** **** ** *******, ** makes ******* **** ******. *** *** confirm **** **** ** *** *** detection ** ***% ‘**’ ** ** there *** ****** ** *** ****?