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Market

Physical Security funding activity

257 disclosed rounds across 183 companies in the last three years. Below: how they split by stage, which investors appear most often, and where the totals come from.

Rounds per quarter
2023-Q32026-Q1

Peak 28 rounds in a quarter. Axis starts at zero.

The last three years

Computed from disclosed rounds. Figures update when the data does.

0
Rounds
0
Companies
0
Rounds with an amount
$15B
Disclosed total
$3M
Median round

Where the money enters

Stage distribution over the same three years. A sector weighted to Pre-Seed and Seed is being formed; one weighted to later rounds is consolidating.

Seed
9136%
Late Stage (Series C+)
7429%
Series A
5120%
Pre-Seed
3012%
Series B
73%

Investors appearing most often

Ranked by number of rounds participated in, not by capital deployed — an accelerator writing 180 small cheques ranks above a fund writing four large ones, which is the right ranking when the question is who to approach.

  1. The Duke Energy Foundation5 rounds
  2. PA State Fire Commissioner3 rounds
  3. Eclipse3 rounds
  4. Antler3 rounds
  5. AU Small Finance Bank2 rounds
  6. Cota Capital2 rounds
  7. First Round Capital2 rounds
  8. 8i Ventures2 rounds

Largest disclosed raisers

By disclosed amount across the period. Companies whose rounds carried no public amount cannot appear here however large the raise was.

  1. Gallagher$9B
  2. The GEO Group$2B
  3. Cadre Holdings$717M
  4. Flock Safety$675M
  5. Verkada$470M
  6. Alarm.com$425M
  7. ASSA ABLOY Group$269M
  8. Lockall Company$173M

How to read these numbers

A company usually carries several sector tags, so its rounds count towards each. Sector totals therefore sum to more than the total number of rounds, and two sectors here can describe the same round.

Only rounds with a publicly disclosed amount contribute to totals and medians. Roughly a quarter of rounds carry no amount, and those are counted in the round count but never modelled into a figure.

A sector appears only with at least 100 rounds in the last three years. Below that the quarterly shape is noise, and a chart of noise is worse than no chart.

Work the underlying rounds, not the summary

This page is a fixed slice. In the product the same rounds are filterable by stage, geography and investor activity, and every investor here opens to their full participation history.