Business news

Irish-founded body cam company HALO raises $20m

Posted By:
Halo Technologies Europe Ltd

6th Mar 2024

HALO, the leading provider of subscription-based bodycams and cloud-based digital asset management systems and member of the Northern Ireland Chamber has raised $20 million in Series A funding from Volition Capital. This investment will accelerate the adoption of HALO’s innovative and affordable video evidence gathering technology that enhances safety and security for individuals and organisations.

The global wearable and body-worn camera market is estimated to reach $15.74 billion by 2029, driven by increasing demand across law enforcement, security, retail, healthcare, transport and logistics sectors. Traditional bodycam providers often struggle with high upfront costs and measuring ongoing return on investment.

HALO addresses these challenges with a subscription model that optimises technology budgets and enables broader deployment. Their solutions offer consumer-grade experiences backed by enterprise-grade security and scalability. The funding will support talent acquisition, with plans to grow from 50 to 100 employees by year-end, as well as investment in R&D for AI, machine learning, and advanced digital asset management capabilities.

Over 500 customers across 14 countries already leverage HALO’s bodycams and centralised digital evidence platform. The company was founded in 2020 by Belfast based entrepreneurs with UK & European bodycam expertise.

Co-Founder and Global Partnership Director Matthew Nesbitt has stated that HALO was founded not only with safety and security in mind, but also to provide a valuable evidence gathering tool for companies looking to provide proof of services, such as goods delivery, cash-in-transit, and remote auditing.

Fiona Shanley, appointed CEO in 2023, is spearheading HALO’s aggressive growth in new markets and sectors, particularly in the USA. With her experience at Stripe and Microsoft, Shanley aims to solidify HALO’s position in the competitive SaaS landscape by meeting diverse security and flexibility needs through custom subscription packages.