FinTechFunding

Rhombus Systems: Raises $10M in Series A Funding

Rhombus Systems Raises $10M in Series A Funding

  • Rhombus Systems, a Sacramento CA-based provider of managed physical security solutions, raised $10M in Series A funding
  • The round, which brought total funding to over $20M, was led by Cota Capital with participation from MSD Partners, Lemnos Labs and Promus Ventures
  • The company intends to use the funds to expand R&D initiatives and build out the sales team
  • RhombusSystems provides smart security cameras and IoT sensors for organizations to understand physical spaces
  • They are today deployed in over 10,000 locations worldwide across many industries and organizations including school districts, healthcare providers, city governments, and Fortune 500 companies
  • The company’s devices come online in minutes without any complex configurations and can be managed from a single pane of glass via the Rhombus Console
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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