Sao Paulo-based company Gabriel has snagged $12m from a Series A funding round led by the SoftBank Latin America Fund.
The round also saw participation from Canary, Norte Ventures, Globo Ventures, Indie Capital, Montlacer Investments, Endeavour Scale Up Ventures, CamelFarm Ventures and Wayra.
Established in 2020, Gabriel provides its users with the support of intelligent camera and proprietary technology. The business spreads its camera parks across multiple neighbourhoods in Rio de Janeiro and new capitals that are soon to be launched.
Currently, the firm manages five times more cameras than the Brazilian government’s network in the city. Through subscribing to its services, users can share images from their public facing cameras with the network through the company’s platform. This can then allow Gabriel to carry out investigations and notify the police within a few minutes at no cost to the government.
Gabriel has highlighted that it intends to spend the newly raised capital on investing in resources aimed at building its safety surveillance camera network.
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst
