Mentioned:
FIG +2.13% MSI

A public safety drone startup has just raised a fresh round of funding. And they’re aiming to change the future of responding to emergency situations.

What’s happening:

  • BRINC has raised $125M USD in a new financing round

By the numbers:

  • BRINC has now raised a total of roughly $280M USD in total venture capital funding since inception

Why it matters:

  • The new funding round was led by Motorola Solutions (NYSE: MSI)

Going deeper:

  • BRINC has developed proprietary drones that are purpose built to respond rapidly to emergency situations and provide a live view of situations before first responders arrive at the scene
  • Motorola Solutions and BRINC have an existing partnership in which Motorola Solutions’ 911 dispatch and radio systems are used to allow police officers and firefighters to dispatch a BRINC’s drone remotely
  • Figma (NYSE: FIG) co-founder Dylan Field personally invested in BRINC’s $125M USD financing round

The intrigue:

  • OpenAI co-founder Sam Altman is also an early investor in BRINC