Tag: Peter George
AI weapons detection technology included in NYC pilot program
April 10, 2024Cory Harris, Editor
NEW YORK—Evolv Technology’s AI system will be used as part of a new pilot program by the New York City Police Department (NYPD) to detect weapons carried by travelers into the Metropolitan Transit Authority's (MTA) subway system.
According to a release by the Office of the Mayor of New York City, the NYPD seized 1,515 weapons in the subway system in 2023, compared to 947 weapons the previous year – a nearly 60% increase.
“The NYPD contacted Evolv to...
Evolv Q4 2023 highlights gun detection offering, new sporting venues
March 4, 2024SSN Staff
WALTHAM, Mass. – Evolv Technology, a security technology company developing AI-based weapons detection systems, announced its financial results for the fourth quarter (Q4) 2023 and issued its outlook for 2024 on February 29.
Among the notable statistics was that total revenue for the fourth quarter of 2023 was $21.8 million, an increase of 4% compared to $20.9 million for the fourth quarter of 2022. Annual Recurring Revenue (“ARR”)1 was $75.0 million at the end of fourth quarter...