Overview
ZeroEyes is a pioneering company in the realm of artificial intelligence-based security, with a significant focus on firearm detection through video analytics. Established in 2018 by a team comprising former Navy SEALs and technologists, the company was born out of a need to address active shooter threats, notably following the Marjory Stoneman Douglas school tragedy. ZeroEyes is driven by a mission to enhance public safety through innovative AI solutions.
Core Product and Technology
ZeroEyes offers a proactive, human-verified visual gun detection and situational awareness solution. This technology seamlessly integrates with existing digital security cameras, providing the ability to analyze over three billion images daily from camera feeds. It efficiently alerts authorities within 2-3 seconds if a firearm is detected, significantly reducing response times and potentially preventing mass casualty events.
Market Reach and Impact
Operating across the United States, ZeroEyes has established a presence in 42 states and employs a rapidly growing team of 180 individuals. Its solutions are sought after by major businesses, educational institutions, and defense facilities aiming to bolster their security against active shooter threats.
Recent Developments and Achievements
The company has achieved remarkable growth, evidenced by a 300% year-over-year revenue increase in 2023. ZeroEyes has also attained the full US Department of Homeland Security SAFETY Act Designation, highlighting its leadership role in AI-based gun detection. The deployment of its system at Temple University marks its increasing influence within educational sectors.
Funding and Financials
ZeroEyes has successfully attracted significant investment, securing a total of $107 million across multiple rounds involving 13 investors, including prominent names like Intel Capital and Sorenson Capital. Furthermore, a $2 million grant from the Pennsylvania Commission of Crime and Delinquency supports the deployment of their technology in schools.
Leadership Team
The leadership at ZeroEyes is comprised of individuals with extensive military and technology expertise, underscoring a strong commitment to the company’s mission:
- Mike Lahiff: CEO and Co-Founder
- Sam Alaimo: CRO and Co-Founder
- Tim Sulzer: CPO and Co-Founder
- Rob Huberty: COO and Co-Founder
- Dustin Brooks: CCO and Co-Founder
- David Barton: CTO
- Kieran Carroll: CSO
- Matt Grainer: CFO
- JT Wilkins: SVP of Sales
- Dustin Kisling: SVP of Strategy
- Erin Acheson: VP of Marketing & Business Intelligence
- Carter Stapleton: VP of Operations
- Kelly Webster: VP of Human Resources
Company Values and Culture
ZeroEyes places a strong emphasis on values such as authenticity, effectiveness, attention to detail, and relentless dedication. The company culture is centered around solving critical public safety issues through technological innovation, with a significant focus on veteran employment and support, exemplified by participation in the DoD-SkillBridge program.
Competitive Landscape
Direct Competitors
ZeroEyes competes with several companies offering AI security solutions, including:
- Omnilert: Known for AI visual gun detection and emergency communications, primarily in educational and governmental sectors.
- Evolv Technology: Specializes in AI-based touchless security screening solutions.
- Actuate: Provides system-agnostic AI threat detection, emphasizing cost-effectiveness and high accuracy.
- Ambient.ai: Offers AI-driven threat detection and response, aiming to reduce false alarms and enhance situational awareness.
Additional Competitors
Other significant players in the sector include SoundThinking, Patriot1 Tech, and Lassen Peak. These companies provide a range of AI-powered threat detection technologies.
Emerging Alternatives
Alternatives such as Flex, Weather Map Site, Nixle, SIMSIM, and ZenFire have been identified, albeit possessing varied capabilities that complement security systems.
Market Position and Insights
- ZeroEyes commands a robust market position with an approximate annual revenue of $23.4 million and a workforce of about 150 employees.
- The company's CEO, Michael Lahiff, has an approval rating of 86%, indicating strong market trust and satisfaction.
Strategic Insights
To further strengthen its market position, ZeroEyes might focus on partnerships to enhance integration capabilities with existing security systems, thus providing cost-effective AI solutions. Additionally, utilizing successful case studies and leveraging CEO Lahiff's high approval rating could boost brand credibility and customer acquisition efforts.
Staying abreast with the technological advances and market strategies of competitors like Actuate, Evolv Technology, and Ambient.ai is vital for maintaining a competitive edge, as these companies set industry benchmarks in real-time threat detection and AI integration.
