# Evolv Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evolv-technologies

- Industry: Business Support Services
- Headquarters: Waltham, US
- Website: www.evolvtechnology.com
- Total disclosed funding: $68M
- Latest round: Series C (Jan 8, 2020)
- Investors on record: 10

## About

Founded in 2013 and based in Massachusetts, US, Evolv Technologies, Inc. develops and provides metamaterials-based imaging and detection products for public security. The company was co-founded by Anil Chitkara and Michael Ellenbogen. In March 2021, Evolv merged with NewHold Investment Corporation, a special purpose acquisition company (SPAC), to operate as Evolv Technologies, Inc. for approximately USD 172.5 million in cash, and in the same month, Evolv Technologies, Inc. raised USD 300 million in PIPE funding from Eldridge Industries, Magnetar Capital, and Motorola Solutions, Inc. 

Evolv operates as an AI-based touchless security screening system that uses digital sensors to detect threats. Evolv Technologies offers its products Evolv Edge, a system that uses active MMW imaging that scans individuals for weapons and bombs and Evolv Pinpoint is a face recognition system that identifies individuals by walking through the Evolv Edge and capturing photos to match them in the real-time database.

IonQ plans to go public to NYSE under the ticker symbol EVLV.

## Funding rounds

- Series C, Jan 8, 2020 — General Catalyst Partners, Lux Capital, DCVC, SineWave Ventures, Finback Investment Partners
- Series B, Oct 16, 2019, $24M — General Catalyst Partners, Lux Capital, DCVC, SineWave Ventures, Finback Investment Partners
- Series B, Jul 10, 2018, $14M — General Catalyst Partners, Cascade Investment, OUP (Osage University Partners), Intellectual Ventures, Lux Capital, In-Q-Tel, DCVC, Gate Ventures
- Series A, Aug 15, 2016, $18M — General Catalyst Partners, Lux Capital, DCVC, Gate Ventures
- Series A, Jul 30, 2013, $12M — General Catalyst Partners, OUP (Osage University Partners), Intellectual Ventures, Lux Capital

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C
- OUP (Osage University Partners) (https://capitalatlas.ai/funds/oup-osage-university-partners) — Series A, Series B
- Intellectual Ventures (https://capitalatlas.ai/funds/intellectual-ventures) — Series A, Series B
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A, Series B, Series C
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A, Series B, Series C
- Gate Ventures (https://capitalatlas.ai/funds/gate-ventures) — Series A, Series B
- Cascade Investment — Series B
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B
- SineWave Ventures (https://capitalatlas.ai/funds/sinewave-ventures) — Series B, Series C
- Finback Investment Partners (https://capitalatlas.ai/funds/finback-investment-partners) — Series B, Series C