ZeroEyes Closes 2023 With 300% Year-Over-Year Revenue Growth

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PHILADELPHIA — AI-based gun detection video analytics platform ZeroEyes recently announced 2023 year-over-year revenue growth of 300%, along with an 18% increase in employee headcount, according to a company announcement.

The company “achieved rapid expansion across multiple verticals, including the K-12 education market, commercial sectors including retail, gaming and healthcare, and the U.S. Department of Defense,” the announcement says.

ZeroEyes achieved multiple milestones during the past year, including:

Government/Legislative Success

ZeroEyes’ weapons detection capability was codified into statute, securing wins across multiple states in FY24 legislation. The company also secured its first state Capitol deployment with the Michigan State Capitol.

To expand its ability to service U.S. Department of Defense customers, the company launched a federal subsidiary, ZE Government Solutions, that delivers advanced dual use AI, proactive threat detection and situational awareness of complex threats for national security.

Launch of ZeroEyes Research Center

In Q3, ZeroEyes established its research center, dedicated to the analysis and understanding of gun-related violence. Since its launch, the center has analyzed thousands of gun-related violence incidents, collecting data about the characteristics of public shootings. This information empowers decision-makers to make well-informed safety decisions supported by reliable data.

Industry Certifications and Partnerships

The company received SOC 2 Type 2 attestation for its Information Security Management System, verifying that ZeroEyes’ control systems meet rigorous standards for the integrity, availability, and confidentiality of customer data.

In December, ZeroEyes earned TX-RAMP (Texas Risk and Authorization Management Program) Level 2 certification for government cloud operations, indicating that the company can now operate with confidential/regulated data in moderate or high-impact systems.

The company also established a strategic partnership with Texas’s Region 13 Education Service Center as a vendor under its cooperative contract, which facilitates the ZeroEyes acquisition process for participating schools. ZeroEyes is also affiliated with Omnia Partners Cooperative and TIPS USA, further expanding its reach and impact.

Industry Recognition for ZeroEyes

ZeroEyes received multiple industry awards in 2023, including the ASTORS Homeland Security platinum award for Best Metal/Weapons Detection Solution, and Disabled American Veterans’ national-level honor for Small Employer of the Year.

Growth and Fundraising

ZeroEyes’ solution is currently deployed in thousands of buildings for hundreds of customers in almost 40 states. It has assisted in more than ten arrests through its thousands of detections, verifications and notifications to end users and law enforcement. As a result, the company secured an additional $23 million in equity funding to accelerate customer deployments and national expansion.

“Proud is an understatement,” says Mike Lahiff, CEO and co-founder of ZeroEyes, in the company announcement. “The ZeroEyes team has worked diligently throughout the past year to ensure we execute on our mission to mitigate gun-related violence. Our growth is a direct result of this, and we will continue to establish and set the standard for AI gun detection.”

ZeroEyes’ AI gun detection and intelligent situational awareness software layers over existing digital security cameras. If a gun is identified, images are instantly shared with the ZeroEyes Operations Center (ZOC), staffed 24/7/365 by specially trained U.S. military and law enforcement veterans.

If these experts determine that the threat is valid, they dispatch alerts and actionable intelligence, including visual description, gun type, and last known location, to local law enforcement and staff as quickly as 3 to 5 seconds from detection.

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