BlackRock Leads $75 Million Round by AI Safety Startup RapidSOS

RapidSOS, a startup that uses artificial intelligence to help emergency response teams, raised a $75 million investment led by BlackRock Inc. funds.

The fresh capital brings the company’s latest round to a total of $150 million, it said on Tuesday. RapidSOS will use the funds to further develop its intelligent safety systems that help direct firefighters and other emergency response personnel to the right location quicker.

The New York-based startup combines data from more than 540 million connected devices, including smartphones and gadgets in US homes, schools, trains, cars and buildings to more than 16,000 public safety agencies and ...