Loading organizations...
§ Private Profile · Denver, CO, USA
Technology solutions firm delivering technology for media production industries, specializing in virtual production gear and services.
Evolv Technology is an enterprise based in Waltham, Massachusetts, that develops artificial intelligence security screening systems designed to detect weapons and mitigate threats in public spaces. Operating as a publicly traded corporation on the NASDAQ exchange under the ticker symbol EVLV, the organization generates revenue through the sale and servicing of its proprietary threat detection hardware. The firm provides these advanced security technology solutions primarily to enterprise customers and public venues seeking safer operational environments. In late 2024, the organization underwent a significant leadership transition, terminating former chief executive officer Peter George and appointing John Kedzierski as the permanent president and chief executive officer. During this executive search period, the corporation was temporarily guided by interim chief executive officer Michael Ellenbogen. Evolv Technology was originally founded in July 2013 by Michael Ellenbogen and Anil Chitkara.
Evolve has raised $198.7M across 8 funding rounds.
Evolve has raised $198.7M in total across 8 funding rounds.
Evolve has raised $198.7M across 8 funding rounds. Most recently, it raised $1.0M Seed in November 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 10, 2025 | $1M Seed | Igor Ryabenkiy | 500 Startups, Brayne.vc, Funders.vc, Ultra Venture Capital | Announced |
| Dec 1, 2023 | $300K Seed | — | Louis Beryl, Marc Benioff, Scott Belsky | Announced |
| Sep 1, 2022 | $380K Seed | — | Louis Beryl, Marc Benioff, Scott Belsky | Announced |
| Feb 14, 2022 | $100M Venture Round | Henry Ellenbogen | — | Announced |
| Aug 24, 2018 | $80M Venture Round | T. Rowe Price Associates | Allen & Company, Annox Capital, ArrowMark Partners, Foxhaven Asset Management, PAR Capital Ventures, Winslow Capital | Announced |
| Jun 1, 2017 | $11M Venture Round | T. Rowe Price Associates | Allen & Company, Annox Capital, PAR Capital Ventures | Announced |
| Jun 9, 2016 | $5.5M Venture Round | T. Rowe Price Associates | Allen & Company, Annox Capital | Announced |
| Nov 7, 2011 | $530K Seed | — | Andrew Houser, John Anderson, Kevin Willer | Announced |
Evolve has raised $198.7M in total across 8 funding rounds.
Evolve's investors include Igor Ryabenkiy, 500 Startups, Brayne.vc, Funders.VC, Ultra Venture Capital, Louis Beryl, Marc Benioff, Scott Belsky, Henry Ellenbogen, T. Rowe Price Associates, Allen & Company, Annox Capital.
Evolv Technology (NASDAQ: EVLV) is a leading security technology company that develops AI-based screening and analytics solutions to detect concealed threats and create safer experiences in venues like workplaces, schools, hospitals, and public spaces.[2][4] Its core products, such as Evolv Express® and Evolv eXpedite™, enable high-throughput weapons detection with alert images, while Evolv Insights® provides dashboards and analytics for operational efficiency, serving high-profile organizations worldwide.[4] The company demonstrates strong growth momentum, with Q3 2025 revenue of $42.9 million (up 57% year-over-year), ending ARR of $117.2 million (up 25%), and a raised full-year 2025 revenue outlook of $142-$145 million (up 37%-40%).[4]
(Note: Multiple companies share similar names, such as Evolve Technologies Ltd for bespoke software development[1] or Evolve Technologies for IT networking[3][6]; this profile focuses on Evolv Technology as the prominent public tech firm matching the query's description, based on scale, innovation, and market presence.[2][4])
Evolv Technology emerged as a pioneer in transforming traditional human security into AI-driven systems, with its mission rooted in making the world safer for living, working, learning, and playing.[2] While specific founding details are not detailed in available sources, the company has evolved into a publicly traded entity (NASDAQ: EVLV) headquartered in Waltham, Massachusetts, focusing on AI-powered screening since at least its early deployments in schools and venues.[4] Pivotal moments include expansions like a 2025 district launch adding Evolv eXpedite™ to existing Express® systems and new partnerships scaling manufacturing and global supply chains announced in November 2025, underscoring its trajectory from innovative screening tech to a high-growth security leader.[4]
Evolv Technology rides the wave of AI-driven security transformation, addressing rising threats in public spaces amid post-pandemic reopenings and heightened safety demands in schools, events, and workplaces.[2][4] Timing is critical as global venues prioritize contactless, efficient screening over invasive methods, fueled by market forces like increased mass shootings, urban density, and regulatory pushes for proactive threat detection.[4] The company influences the ecosystem by setting standards for AI in physical security, enabling data-informed operations that reduce response times and integrate with broader IoT/smart building trends, while its 2025 growth (e.g., 57% Q3 revenue surge) validates demand in a $10B+ weapons detection market.[4]
Evolv Technology is poised for continued expansion, with its raised 2025 revenue guidance and manufacturing partnerships positioning it to capture more market share in AI security.[4] Emerging trends like advanced edge AI, predictive analytics, and global urbanization will shape its path, potentially driving ARR beyond $150M in 2026 through deeper integrations in smart cities and enterprises. Its influence may evolve from venue-specific screening to ecosystem-wide platforms, solidifying its role as a safety innovator—transforming how the world experiences security, much like its core mission to pioneer safer spaces.[2][4]