Surveillance technology company Flock Safety raised $275 million in funding led by A16z

ChainCatcher news, according to TechInAsia, Atlanta-based surveillance technology company Flock Safety has completed a $275 million funding round led by Andreessen Horowitz (A16z), with the company valued at $7.5 billion. Other participants in this round of investment include Greenoaks Capital and Bedrock Capital.

So far, Flock Safety has raised over $950 million in total funding. The company plans to develop domestically manufactured drones in the U.S. by 2025 and build a 100,000 square foot manufacturing facility in Georgia. The company focuses on providing AI-based security monitoring solutions, primarily targeting government and enterprise clients.