Who gets: Mark43, a software maker that uses cloud-based records management and analysis tools for patrol officers. The technology enables detectives to review traffic diagrams, as well as collaborate, attach uploaded files, and control access to cases.
Amount raised: $27 million in Series B. Mark43’s $10.8 million Series A round was announced last August.
Who invests: Financing for the round was led by Spark Capital and General Catalyst with participation from existing seed and Series A investors including former director of the CIA General David Petraeus. New participants include Jeff Bezos, Ashton Kutcher’s Sound Ventures and Goldman Sachs. Existing investors Lowercase Capital, SV Angel and the Govtech Fund also returned.
What the CEO says : “From massive amounts of administrative work to ineffective information-sharing, workflow issues can seriously limit law enforcement and their ability to fight crime,” said Scott Crouch, co-founder and CEO of Mark43. “Mark43’s platform vastly improves the overall information collection and management while helping detectives immediately access information and conduct investigations. Whether in the field or at their department, Mark43 saves valuable time and energy for police departments so they can optimize how they allocate valuable resources.”
Company details: As police departments are adopting body cameras and using other instrumentation, Mark43 could be the local station’s latest addition. Based in the Flatiron District, the startup aims to assist police departments of all sizes in their reporting and analysis. The software platform, known as Cobalt, integrates records management with investigative tools within a seamlessly-integrated suite. Mark43, Gen. Petraeus said last year, “can accommodate the input of increasing types of data as the world of policing continues to evolve.” Indeed, police departments are increasingly adopting body cameras and using other instrumentation.
This article originally appeared in the New York Business Journal.This article originally appeared in the New York Business Journal.