Rhombus, a trailblazer in cloud-managed physical security solutions, has successfully completed a $45 million Series C funding round. The investment was spearheaded by NightDragon, with participation from Bluestone Equity Partners, alongside existing supporters Caden Capital, Cota Capital, Tru Arrow Partners, and Uncorrelated Ventures. This latest infusion of capital brings Rhombus’ total funding to over $90 million.
The funding marks a significant milestone in Rhombus’ growth journey, reflecting its burgeoning leadership in the $45 billion physical security sector. Rhombus, renowned for its comprehensive hardware-software security solutions, plans to leverage this capital to expand its go-to-market strategy and enhance its technological capabilities. With a platform that integrates smart security cameras, access control, IoT sensors, and an intuitive cloud-based console, Rhombus is poised to address critical security challenges across diverse sectors—from educational institutions to retail and construction.
“Physical security is evolving towards more intelligent, interconnected solutions,” said Dave DeWalt, Founder and CEO of NightDragon. “Rhombus is at the forefront of this transformation, and we are excited to support their vision of a safer, more secure world through advanced technology and open platforms.”
Garrett Larsson, CEO of Rhombus, highlighted the importance of this funding: “The support from NightDragon and Bluestone Equity Partners validates our market potential and will accelerate our mission to enhance security for organizations globally. This investment will enable us to further develop our AI-driven solutions and expand our international reach.”
Editorial Insight: Rhombus’ latest funding round underscores a pivotal moment in the evolution of physical security technology. By embracing a cloud-managed approach and integrating advanced analytics, Rhombus is not just keeping pace with industry demands but setting new standards for security and operational efficiency. As organizations increasingly seek modern solutions to replace outdated systems, Rhombus stands out with its innovative, user-centric platform. The company’s commitment to advancing security technology while addressing global challenges makes it a compelling player in the field.
As Rhombus continues to expand its capabilities and market presence, its focus on creating interconnected, intelligent security solutions will likely reshape how organizations manage safety and operations worldwide.
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