Flock Safety, which operates a safety technology platform, announced a $275M fundraise at a $7.5B valuation. “The investment will fuel product innovation, research and development, and U.S.-based manufacturing, furthering Flock’s mission to eliminate crime and create thriving communities,” the company stated. The financing was led by Andreessen Horowitz, whose “strong conviction anchored the round,” the company added. In a previous Northcoast downgrade of Axon (AXON) to Neutral from Buy on February 19, the firm called Flock Safety a “partner turned competitor” for plate readers, drones and real-time crime center technology.
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