HMB would like to congratulate HAAS Alert on the closing of their equity financing round. The $5M in investment capital will support the nationwide expansion of Safety Cloud, the leading automotive digital alerting system that’s standard on emergency and roadway fleet vehicles.
HAAS Alert’s platform enables real-time safety alerts between vehicles and connected infrastructure (V2X) to reduce the risk of collisions. Safety Cloud’s cellular-based sensors and predictive technology digitally alerts drivers via vehicle systems. The service works on any vehicle or infrastructure that alerts drivers on the road, from fire trucks and ambulances and police vehicles to tow trucks, workzone equipment, waste and recycling trucks, school buses and more. To date, more than 750 public agencies and private organizations have sent more than 1 billion driver alerts through Safety Cloud.
“We’re celebrating the start of an exciting new chapter at HAAS Alert, with the goal of connecting vehicles everywhere for roadway safety,” said Cory Hohs, the company’s Founder and CEO. “We’ll continue to measure our success the same way we always have: by the trust of our customers, and the value of the safety services we can deliver.”
HAAS Alert is actively installing its hardware on vehicles across the nation. This new funding will allow it to expand to 10 billion driver safety alerts by 2022.
Read the full press release on HAAS Alert’s website.
Read more about HMB’s Venture Capital and Emerging Companies practice.