Overview

Rhombus provides physical security solutions through advanced security cameras and sensors that are managed via a cloud-based platform. Their system integrates hardware and software, allowing clients to monitor and respond to security threats in real time. A key feature is the proactive alert system that uses AI to detect unwanted behavior and environmental triggers, sending immediate alerts to improve response times. Rhombus stands out by offering a scalable platform that can manage unlimited devices and locations from a single console, along with a zero-trust infrastructure that ensures continuous security verification. Their revenue comes from hardware sales, subscription fees for cloud services, and alarm monitoring services. The goal of Rhombus is to enhance physical security for a wide range of clients, including schools and large corporations, by providing a reliable and easy-to-use security management system.

Simplify's Take

What believers are saying

• Rhombus secured $45M in Series C funding to expand its global footprint.
• Growing demand for cloud-based security solutions boosts Rhombus's market potential.
• Partnerships with cybersecurity firms enhance Rhombus's data protection capabilities.

What critics are saying

• Increased competition from AI-driven startups may erode Rhombus's market share.
• Privacy concerns could lead to stricter regulations on facial biometrics solutions.
• Integration challenges with Dashdive may strain Rhombus's resources.

What makes Rhombus unique

• Rhombus offers AI-powered video analytics for enhanced security insights.
• The platform supports infinite scalability for managing unlimited devices and locations.
• Rhombus's zero-trust infrastructure ensures continuous security verification of each component.

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Funding

Total Funding

$95.5M

Meets

Industry Average

Funded Over

4 Rounds

$45,000,000

Series C

Jul 2024

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$16M

$40M

$45M

$50M

$62M

$100M

View all funding stages