Evolon provides patented Situational Intelligence® software and analytics that transform security cameras and systems into smart devices, delivering edge-to-cloud, hyper-accurate real-time detection and reduced nuisance alerts. Its core product is edge-based video analytics and AI/deep-learning solutions for perimeter surveillance, central station monitoring, and critical infrastructure protection. The company plans to use new capital to expand the team, accelerate research and product development, enhance sales and marketing, implement new products and solutions, and drive growth in the perimeter surveillance software market. Evolon highlights market demand driven by a rapidly increasing camera installed base and complex video-security ecosystems as tailwinds for adoption. The company was founded by former engineers and scientists from the U.S. Department of Energy’s Los Alamos National Laboratory and positions itself as a disruptive provider of detection and classification technology. No revenue or user metrics were disclosed in the article.

Total raised

$16M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2021