News

Local Venture Capital Firm Makes Second Investment

What: Impact Venture Capital invests in security company that uses drone technology

How Much: Undisclosed

Who: Nightingale Security, based in Mountain View

Notable: Nightingale has developed security systems that use autonomous drones equipped with streaming web cameras. “We are trying to apply modern-day machine learning to solve a lot of problems with physical security,” said Jack Wu, CEO and co-founder of Nightingale.

The drones can be used to provide remote surveillance for structures such as dams, color farms, and pipelines. They also can be used to monitor crowds or perimeters of corporate campuses, decreasing the need for human security guards.

Wu presented his firm’s technology at the Nov. 14 Impact Global Venture Summit, a technology conference at the Golden 1 Center. He described his company’s business model as “robots-as-a-service,” with nightingale owning and mining the drones in exchange for a monthly fee from users.

Impact Venture Capital made its first investment in September, leading a $3 million fundraising round by Cornami, a networking technology tech company started by local technology veterans.

Source: Sacramento Business Journal

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