Tag: Evolv Technology
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...
Evolv Technology gives regulatory update following SEC request
February 19, 2024SSN Staff
WALTHAM, Mass. – Evolv Technology, a security technology company working with AI-based weapons detection, has provided an update on a request received from the U.S. Securities and Exchange Commission (SEC).
In a release from Evolv it revealed that on Feb. 16, 2024, the SEC notified the company it was initiating an investigation that was described as a confidential “non-public, fact finding inquiry.” Evolv noted the SEC’s explicit guidance that the investigation “should...
NCS4 forum addresses school safety and security issues
February 2, 2024SSN Staff
KATY, Texas – Recently more than 100 safety and security officials from high schools across the country gathered together for the 2024 National Interscholastic Athletics and After-School Activities Safety and Security Forum sponsored by the National Center for Spectator Sports Safety and Security (NCS4).
The event was held at the Katy Independent School District’s Legacy Stadium. Attendees at the event ranged from superintendents, principals, athletic and facility administrators, to...
Symposium for a Safer Hawaii – Stop Child Trafficking
October 12, 2022Cory Harris, Editor
HONOLULU—Integrated Security Technologies (IST) recently hosted its annual Symposium for a Safer Hawaii, bringing security technology companies and law enforcement agencies together to address a problem that has now become a global issue – child sex trafficking.
IST Co-Founder Andrew Lanning and his wife, IST President Christine Lanning, brought an estimated 100 attendees – guests, vendors and presenters – to the Pacific Club in Honolulu for a daylong symposium to discuss...
STANLEY Security partners with Evolv Technology
August 4, 2020SSN Staff
INDIANAPOLIS—Today, STANLEY Security announced its investment in Evolv Technology, a leader in artificial intelligence (AI)-based touchless security screening. This investment, backed by STANLEY Ventures, the venture capital arm of Stanley Black & Decker, forms a strategic partnership between the two companies.
“We’re committed to helping organizations create safer, healthier environments for their employees, customers, students and partners, and our investment in Evolv...