Greater Sum Ventures acquires majority stake in STRAX Intelligence Group
The funding will provide additional capital to increase STRAX’s investment in the innovation of data aggregation capabilities that streamline emergency response.
Greater Sum Ventures (GSV), the Knoxville-headquartered entrepreneurial family office and growth equity firm, has announced its majority investment in STRAX Intelligence Group, a leader in cloud-native sensor fusion and collaboration solutions.
The investment follows on GSV’s recent acquisitions of Utility Associates, Inc. and SOMA Global, both leaders in integrated technology solutions for public safety and government agencies. Terms of the transaction were not disclosed.
The funding will provide additional capital to increase STRAX’s investment in the innovation of data aggregation capabilities that streamline emergency response. The company’s solutions aggregate live video, data, and sensor feeds from public and private sources to provide a seamlessly interconnected real-time crime center platform for monitoring, detecting, and responding to emergencies.
“STRAX is a natural addition to our growing suite of solutions that help law enforcement and first responders make communities safer,” said Ross Croley, GSV’s Chief Executive Officer (CEO) and Founder. “The STRAX team is dedicated to understanding security challenges and providing targeted solutions to improve both responder and community safety. This combination of best-in-class technologies will enable security organizations and public safety agencies to operate more efficiently and do their jobs more effectively.”
STRAX, which is based in Boca Raton, FL, will continue to be led by CEO and Founder Scott Adams.
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