What is Brivo?
Brivo is a leader and innovator in cloud physical security, providing a centralized, cloud-based security management system for commercial buildings. Serving over ten million users, the company offers a comprehensive suite of services including access control, video surveillance, alarms, and extensive third-party integrations. As a Software-as-a-Service (SaaS) provider, Brivo emphasizes a convenient and mobile-first strategy for securing facilities. Headquartered in Bethesda, MD, Brivo was founded in 1999 and has been instrumental in the digital transformation of the physical security sector.
How much funding has Brivo raised?
Brivo has raised a total of $169.5M across 3 funding rounds:
Debt
$2M
Debt
$75M
Other Financing Round
$92.5M
Debt (2020): $2M with participation from PPP
Debt (2022): $75M led by Runway Growth Finance
Other Financing Round (2023): $92.5M supported by SECOM CO.
Key Investors in Brivo
SECOM CO.
SECOM, founded in 1962, is a global security system company headquartered in Tokyo, Japan, offering a wide range of security services from physical security to software security solutions.
Runway Growth Finance
Runway Growth Capital is a specialty finance company providing flexible capital solutions to growth-stage companies, focusing on venture capital and financial services with a specialization in B2B financial services.
What's next for Brivo?
With the infusion of $92.5M in major strategic investment, Brivo is poised for accelerated expansion and further innovation in the cloud physical security market. This capital injection, following previous debt financing rounds, suggests a strategic move towards scaling operations, enhancing its SaaS platform, and potentially broadening its market reach. The company's focus on mobile-first solutions and integrations indicates a commitment to staying ahead of technological advancements and meeting the evolving demands of commercial building security. Future developments are likely to center on deepening its technological capabilities and solidifying its leadership position in the enterprise-level security solutions space.
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