Flock Safety, a video surveillance startup specializing in license plate recognition and gunshot detection tech, raised $275 million at a $7.5 billion valuation, with Bedrock Capital and other investors participating. The Atlanta-based company, founded in 2017 and a Y Combinator alum, saw 70% year-over-year growth, surpassing $300 million in annual recurring revenue last year. Despite its success, Flock has faced controversies, including privacy concerns from the ACLU, a lawsuit from a California mayor, and legal pushback against its deployment in Norfolk, Virginia. Bedrock founder Geoff Lewis has heavily invested in Flock since 2018, adding to his portfolio that includes OpenAI and Rippling. Flock’s continued investor confidence stems from its rapid revenue growth and claims of successfully aiding crime prevention. Continue here.
