HAAS Alert, one of the leading auto alert startups, has raised $ 5 million to expand its Safety Cloud platform nationwide. The funding round was led by R ^ 2 and Blu Ventures, with participation from other investors such as UrbanUs, TechNexus, Ride Ventures, Stacked Capital, Techstars and Gramercy Fund.
The startup provides a real-time security alert platform to reduce the risk of collisions between vehicles and connected infrastructure (V2X). Safety Cloud’s mobile sensors and prediction technology work on any vehicle on the road, including fire trucks, ambulances, police cars, and buses. Since its launch, more than 1 billion Safety Cloud alerts from 750 agencies and public organizations have been processed through the platform, aiming to reach 10 billion driver safety alerts within the next year.
Managing Director of R ^ 2, Jeff Eggers believes that investing in HAAS Alert is in line with a commitment to develop a high-risk backup solution. He explained further by stating:
âHAAS Alert is a rare type of business, which builds truly innovative and disruptive technologies that are all about making the world a safer place. We are proud to invest in a company so dedicated to the protection of public safety professionals and their communities.
The mission of the auto alert startup is to build smart solutions to reduce the risks to vehicles on the road. Today, Safety Cloud is considered the standard for road and emergency vehicle manufacturers and has already been connected to thousands of vehicles. Company Founder and CEO Cory Hohs said:
âWe are celebrating the start of an exciting new chapter at HAAS Alert, with the goal of connecting vehicles everywhere for road safety. We will continue to measure our success the same way we always have: by the trust of our customers and the value of the security services we can offer.
Safety Cloud’s minimum hardware requirement has allowed it to become more and more popular among car manufacturers. Not only has the technology significantly supported multiple agencies, it has also been integrated into smart applications involving predictive modeling and coordination.