Rekor Announces Financing To Solidify Cash Position And Accelerate Business Growth And Technology Development
Round Type
Funding Round
ColumbiaSoftwareArtificial IntelligenceMachine LearningDescription
COLUMBIA, MD / December 21, 2022 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and greener cities through intelligent infrastructure, today announced it has executed a term sheet providing for the issuance of up to $15 million in notes ("the Notes") to solidify its cash position and to accelerate its growth plan. Proceeds will provide necessary funding for Company's execution plan across its public safety, urban mobility, and transportation management business. The Company's Chairman and CEO, Robert A
Quick answer
Rekor raised an undisclosed amount in a Funding Round round, dated December 21, 2022. Rekor is based in Columbia, Maryland, United States.
- How much did Rekor raise?
- Rekor raised an undisclosed amount in a Funding Round round on December 21, 2022.
- What does Rekor do?
- Rekor’s real-time intelligence provides powerful analytical solutions on vehicles, roadways, and city infrastructure that empowers decision-making across government agencies, law enforcement, and a variety of commercial..
- Where is Rekor based and how big is it?
- Rekor is based in Columbia, Maryland, United States.
- Who are the decision-makers at Rekor?
- Fundz holds 1 contact at Rekor. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software and Artificial Intelligence around the same time
Companies in the same sectors as Rekor that raised within 45 days of this round, from Fundz verified event records.
- Anthropic raised $300M (Funding Round) on February 3, 2023.
- Cohere raised $1.1M on February 1, 2023.
- Fingerprint for Success (F4S) raised an undisclosed amount (Funding Round) on January 31, 2023.
- Datavault AI raised $6.2M on January 31, 2023.
- Cosmo Tech raised an undisclosed amount (Funding Round) on January 23, 2023.
- Seek AI raised $7.5M (Funding Round) on January 11, 2023.
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Related People
Rekor raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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