Flock Safety, a Y Combinator participant, raised $275 million at a $7.5 billion valuation

Flock Safety, a Y Combinator participant and developer of computer vision-based surveillance systems, has raised $275 million in funding, increasing its valuation to $7.5 billion. Andreessen Horowitz, Greenoaks, Meritech Capital, Matrix Partners, and Y Combinator itself participated in the new funding round. Longtime investor Bedrock Capital also backed the deal.

Founded in 2017, Flock Safety develops automatic license plate recognition technology, gunshot detection systems for schools, and recently acquired drone manufacturer Aerodome. In 2024, the startup reached $300 million in annual revenue, a 70% increase compared to the previous year.

Jeff Lewis, head of Bedrock Capital, recalled how he offered Flock $10 million as early as 2018, while Andreessen Horowitz partner David Ulevich emphasized that Flock Safety's technologies not only protect property but also save lives.

Source: TechCrunch