Robotics company Asylon secures $24 million in Series B funding for the advancement of its automated security platform.
Asylon Secures $24 Million Series B Funding for Robotic Security Solutions
Asylon, a US-based company specialising in automated, tech-enabled security services, has announced it has raised $24 million in a Series B funding round. The funding round was led by Insight Partners, with participation from Veteran Ventures Capital, Allegion Ventures, and the GO PA Fund [1][2][4].
Asylon's goal is to deliver on the promise of automated, tech-enabled security services that are more cost-effective and resilient than traditional systems. The company offers U.S.-made solutions that integrate autonomous drones, ground robotics like their "DroneDog" robotic guard dogs, and AI-driven command software [1][3].
With this funding, Asylon plans to accelerate product innovation, scale deployments, and expand its presence in the commercial and government sectors. Specifically, the capital will support expanding Asylon's engineering efforts and enhance its robotic security services [1][2][4].
The company's CEO, Damon Henry, stated that this funding empowers Asylon to push forward a future where intelligent security via robotics is normalized and more cost-effective than conventional security services like human guards [1][3].
Detailed plans for the funding include scaling operations to meet growing demand across diverse environments such as corporate campuses, critical infrastructure, logistics hubs, and defense installations. The company also plans continued product development of integrated robotics technologies and expanding deployments across the U.S. commercial and government markets, leveraging its track record of having completed over 250,000 robotic security missions [1][2][4].
Mike Hayes, Managing Director at Insight Partners, believes that Asylon is the next dimension of physical security. He expressed excitement about partnering with Damon and the Asylon team to help pioneer industry transformation [1].
Insight Partners shares Asylon's vision of a future where intelligent security is the norm, not the exception. The funding from Insight Partners empowers Asylon to scale its operations and strengthen its market leadership as a U.S.-based provider of automated security solutions [1][2][4].
In summary, the $24 million Series B round will fuel innovation and growth in Asylon’s robotic security technologies and enable broader adoption across commercial and government sectors, strengthening their market leadership as a U.S.-based provider of automated security solutions [1][2][4].
\n\n [1] Asylon Secures $24 Million in Series B Funding for Robotic Security Solutions. (2022, October 12). Retrieved October 12, 2022, from https://www.asylon.ai/news/asylon-secures-24-million-series-b-funding-for-robotic-security-solutions
\n\n [2] Asylon Raises $24 Million in Series B Funding. (2022, October 12). Retrieved October 12, 2022, from https://www.prnewswire.com/news-releases/asylon-raises-24-million-in-series-b-funding-301648616.html
\n\n [3] Damon Henry, CEO and Co-Founder of Asylon, on the Future of Robotic Security. (2022, October 12). Retrieved October 12, 2022, from https://www.asylon.ai/news/damon-henry-ceo-and-co-founder-of-asylon-on-the-future-of-robotic-security
\n\n [4] Asylon Secures $24M Series B Funding to Lead the Future of Robotic Security. (2022, October 12). Retrieved October 12, 2022, from https://www.crunchbase.com/organization/asylon/press-releases/asylon-secures-24m-series-b-funding-to-lead-the-future-of-robotic-security
Asylon plans to use the $24 million funding for product innovation and scaling deployments in both commercial and government sectors, with a focus on expanding its engineering efforts and enhancing its robotic security services, which involve technology like autonomous drones, ground robotics, and AI-driven command software.
This funding empowers Asylon to invest in the future, making intelligent security via robotics more normalized and cost-effective, and potentially disrupting traditional security services like human guards.
