Thu, 18-Aug-2022
Wednesday 05 Aug 2020 , 7:06 am

Evolv Technology and STANLEY Security Announce Global Partnership and Strategic Investment

Evolv also announced a strategic investment from STANLEY Ventures, the venture capital arm of $14 billion industrial organization Stanley Black & Decker.
By SIN Bureau
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Evolv Technology announced that Evolv Express – the company’s AI-based touchless security screening system – is now available through STANLEY Security, an electronic security company. As a result, organizations will benefit from the unparalleled expertise and full spectrum of value-added services from the two companies.

Venue patrons walking through Evolv Express touchless security screening system; Express can screen up to 3,600 people per hour—10 times faster than legacy approaches.

The pioneer in human security, Evolv also announced a strategic investment from STANLEY Ventures, the venture capital arm of $14 billion industrial organization Stanley Black & Decker. Terms of the deal were not disclosed. STANLEY Ventures joins backers that include Bill Gates, former Florida Governor Jeb Bush’s firm, Finback Investment Partners, DCVC (Data Collective), General Catalyst Partners, Lux Capital and SineWave Ventures.

Legacy physical security screening procedures rely almost exclusively on metal detectors, hand wands and invasive bag inspections. Rapidly unfolding new requirements prompted by COVID-19, coupled with significant technology advancements, are quickly making those outdated approaches obsolete.

“Security screening must be reimagined in a whole new light, no longer constrained by decades-old technologies or strategies that just don’t apply in today’s world,” said Evolv Technology Chief Executive Officer Peter George. “STANLEY Security shares that same vision with Evolv. We’re thrilled to be working with STANLEY Security and Stanley Black & Decker to provide new and better solutions – and the peace of mind that comes along with them – to our customers and partners.”

"We're committed to helping organizations create safer, healthier environments for their employees, customers, students and partners, and our investment in Evolv Technology helps us deliver on that commitment,” said STANLEY Security Global President Matthew Kushner. “Evolv’s innovative, touchless security screening solutions are an integral part of the security industry’s future. When paired with data analytics and expertise from STANLEY Security, these solutions will deliver even more value to organizations as they adjust operations and enhance security measures to reopen and stay open safely.”

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