Security Startup Octopus Raises $2.5M
The cloud-based physical security tool raised the money from a group called Singulariteam
- By Matt Holden
- Jul 09, 2015
A Tel Aviv startup called Octopus has raised $2.5 million in startup money from Singulariteam. Octopus makes cloud-based physical security systems for large facilities.
According to a report, the company will use the funds to expand in the U.S. and Asia. Octopus’ products are already used in Israel by the government, Coca-Cola, Visa and three national banks.
Octopus develops security systems intended for facilities such as airports, factories, hospitals and commercial buildings that can be monitored from a web or mobile app. The cloud-based system analyzes data in real-time from sources such as video feeds, traffic reports, social media keywords, and fire/burglar alarms.
Matt Holden is an Associate Content Editor for 1105 Media, Inc. He received his MFA and BA in journalism from Ball State University in Muncie, Indiana. He currently writes and edits for Occupational Health & Safety magazine, and Security Today.