Scylla Raises $4.9M in Seed Round to Bring AI-Powered Physical Security Solutions to the Global Market
AUSTIN, Texas, June 24, 2021 — Scylla, the leading real-time physical threat detection solution, announced a Seed Round investment of $4.9M (Seed I of $1.2M and Seed II of $3.7M). The round was led by Mucker Capital, with additional funds coming from BAJ Accelerator and Hustle Fund. The investment will be used to fuel Scylla’s global expansion and making the proprietary AI-powered technology even more precise and versatile.
”We backed up Scylla and their founders as we believe in the team and their mission,” said William Hsu, Co-Founder & Partner of Mucker Capital. “Scylla truly is a game-changer in the private security sector whose technology enables more effective public safety and homeland security. Scylla solutions have unparalleled accuracy, impressively filtering up to 99% of false positives.”
Emma Arakelyan, co-founding partner of the BAJ Accelerator and leader of the investment in Scylla, commented, “We are delighted to continue supporting Scylla which has a superb and highly versatile founding team. We are looking forward to Scylla’s global growth and making a big impact in the computer vision and security space.”
“We are steadfast committed to empower the private security industry with more accurate and powerful physical threat detection solutions that help address critical issues and be proactive, rather than reactive when times matters,” stated Albert Stepanyan, CEO of Scylla. “The investment will allow us to accelerate our growth and bring our technology to more clients.”
Founded in 2018, Scylla develops AI-powered real-time physical threat detection solutions that help organizations augment their security infrastructure, optimize operations, save costs, and increase their situational awareness. Using its proprietary technology, Scylla delivers its solutions with exceptional accuracy and performance, minimizing false alarms by up to 99%. Clients include Daimler, Major League Baseball, Chicago Cubs, CCSD, USC Verdugo Hills, Oman Airports Management Company, and Legrand North Central America, among others.
Since officially launching its solutions to the market in 2018, Scylla has experienced a major revenue growth and is now one of the leading real-time physical threat detection solutions on the global market.
About Mucker Capital
Mucker Capital invests in Seed, Series A, and “pre-seed” stage companies building defensible and scalable, Internet software and services businesses outside Silicon Valley. We partner with exceptional entrepreneurs to provide their earliest institutional funding and work with them side-by-side to help launch and scale their new ventures.
Read more about Mucker Capital at www.mucker.com
About BAJ Accelerator
BAJ Accelerator is a startup accelerator program based in New York that brings together companies, advisors and investors from around the world. BAJ Accelerator is the result of a collaboration of three organizations: Baltic American Chamber of Commerce, Orion Worldwide Innovations LLC, and Jacobs Technion-Cornell Institute at Cornell Tech.
Read more about BAJ Accelerator at www.bajaccelerator.com
About Hustle Fund
Hustle Fund is a pre-seed fund that seeks to invest in early-stage startups operatingin software, business to business, fintech, and digital health sectors. It was founded by former 500 Startups partners Eric Bahn and Elizabeth Yin.
Read more about Hustle Fund at www.hustlefund.vc
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