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Evolv Technology Announces $75 Million In Non-Dilutive Debt Financing With Silicon Valley Bank

PRIVATEDec 21, 2022

Amount Raised

$75 Million

Round Type

Debt Financing

WalthamInformation TechnologySoftwareSecurityCyber Security

Description

Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that it has closed a $75 million non-dilutive debt financing facility with Silicon Valley Bank, the bank of the world’s most innovative companies and investors.

Quick answer

Evolv Technology raised $75 Million in a Debt Financing round, dated December 21, 2022. Evolv Technology is based in Waltham, Massachusetts, United States.

How much did Evolv Technology raise?
Evolv Technology raised $75 Million in a Debt Financing round on December 21, 2022.
What does Evolv Technology do?
Evolv Technology is a leading security technology company pioneering AI-based weapons screening to create safer experiences, securing the world’s most iconic venues and companies.
Where is Evolv Technology based and how big is it?
Evolv Technology is based in Waltham, Massachusetts, United States.
Who are the decision-makers at Evolv Technology?
Fundz holds 3 contacts at Evolv Technology, including the VP Brand Marketing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Evolv Technology that raised within 45 days of this round, from Fundz verified event records.

  • DryRun Security raised $2.3M on January 6, 2023.
  • BIO-key International raised $2.2M (Seed) on December 22, 2022.
  • Fordefi raised $18M (Seed) on November 8, 2022.
  • Anthropic raised $300M (Funding Round) on February 3, 2023.
  • MedCrypt raised an undisclosed amount (Series B) on January 24, 2023.
  • Nuvento raised $3.3M (Seed) on January 24, 2023.

Who to call at Evolv Technology, and when

A new round usually means Evolv Technology is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Evolv Technology raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Evolv Technology, from your own LinkedIn network

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Company Information

Company

Evolv Technology

Location

Waltham, Massachusetts, United States

About

Evolv Technology is a leading security technology company pioneering AI-based weapons screening to create safer experiences, securing the world’s most iconic venues and companies. We help provide sports fans, theme park visitors, concertgoers, shoppers, employees, students, healthcare workers and others peace of mind so that they can gather without fear of violence. Our security screening has scanned more than 1 billion people worldwide, and our technology combines powerful, advanced sensors with proven artificial intelligence (AI), security ecosystem integrations, and comprehensive venue analytics to detect threats 10 times faster than traditional metal detectors.

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Fundz sees it the moment Evolv Technology raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsOlivia R., VP Brand Marketing hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Evolv Technology's next move

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Evolv Technology raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.