HALO, a bodycam company with offices in both Austin and Dublin, Ireland, announced the closing of a $20 million funding round this week.
Volition Capital, based in Boston, led the Series A round.
HALO makes a subscription-based bodycam and cloud-based digital asset platform. According to the company, the global market for body-worn cameras is projected to reach $30 billion by 2030.
In addition to law enforcement customers, bodycam technology is popular with the private sector. HALO’s customers are retail, healthcare, transportation, private security, and other industries. According to the company, the technology is used to de-escalate incidents, deter crime, capture clear video evidence, and enhance employee and public safety.
HALO’s technology allows for live streaming events, and the uploaded videos can easily be searched, categorized, and shared, according to the company.
“We started HALO with a mission to fundamentally transform the safety and security sector and provide innovative technology that safeguards lives and businesses,” CEO Fiona Shanley said in a news release. “Various social and economic realities have escalated demand for effective and reliable security solutions that maximize tech budgets and most importantly protect people. This investment will enable us to continue to scale globally. We plan to invest substantially in further innovating our product, ensuring that we stay at the forefront of our industry and continuously meet the evolving needs of our customers.”
HALO plans to use the funds raised to advance its hardware and software platform, including adding new AI and analytics features. It will also be used to hire more U.S. and European employees. It will also fund market, use case, and partnership expansion.
“There are several converging trends driving increased demand, adoption, and growth potential of bodycam and digital asset management solutions in the public and private sectors,” Tomy Han, Volition Capital Partners, said in a news release. “Technology, including hardware and software, has become a critical part of safeguarding lives and businesses. The use cases for bodycam solutions have expanded well beyond traditional law enforcement.”
He said that with its subscription-based SaaS model and experienced leadership team, HALO is well-positioned to meet these sectors’ diverse and flexible needs globally.
