Rhombus, a leading provider of cloud-managed physical security solutions, has recently secured $45 million in Series C funding. This round was led by NightDragon, a cybersecurity investment firm, with participation from Bluestone Equity Partners and other investors. With this new funding, Rhombus plans to expand its go-to-market strategy and further develop its product capabilities to meet the growing demand for modern security solutions in the market.
The physical security market is rapidly evolving, with organizations shifting towards integrated solutions that utilize cloud technology and advanced analytics for improved security and operational efficiency. Rhombus offers a comprehensive hardware-software solution that includes smart security cameras, access control, IoT sensors, alarm monitoring, and a user-friendly console, all managed through a cloud-based platform. The company’s open API allows for easy integration with other systems, providing users with personalized end-to-end security solutions tailored to their specific needs.
According to Dave DeWalt, Founder and CEO of NightDragon, “Physical security is entering a new era, where it is possible to have smarter, safer spaces through the power of connected systems, cloud platforms, artificial intelligence, and more.” Rhombus’ innovative technology and open platform approach are driving this transformation and paving the way for a more secure future.
With over 3,000 customers, including Fortune 500 companies, school districts, and cities, Rhombus has established itself as a leader in the physical security space. The company currently oversees over 100,000 devices and cameras securing locations worldwide, generating over 5 million alerts per day to enhance customer security.
The new funding will support Rhombus’ growth initiatives, including expanding its partner and developer ecosystem, increasing its international presence, and advancing its artificial intelligence capabilities. NightDragon’s proprietary NightScale platform will provide additional support for these efforts, helping Rhombus accelerate its mission of making organizations safer and spaces more intelligent.
To learn more about Rhombus and its cloud-managed physical security solutions, visit their website at http://www.rhombus.com. For more information about NightDragon and their cybersecurity investment and advisory services, visit http://www.nightdragon.com. If you’re interested in Bluestone Equity Partners and their strategic capital partnerships with sports, media, and entertainment businesses, check out http://www.bluestoneequity.com.
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