Evolv Technology

Evolv Technology, based in Waltham, Massachusetts, specializes in AI-based physical security solutions aimed at enhancing safety in public spaces. Founded in 2013, the company focuses on innovative weapons detection technology that ensures accurate threat identification while providing a positive experience for visitors. The flagship product, Evolv Express®, is an AI-powered platform that screens visitors quickly and non-intrusively for firearms, knives, and other prohibited items. This technology is widely used in various sectors, including sports stadiums, theme parks, schools, and hospitals. As of 2023, Evolv's systems have screened over 500 million people and detected hundreds of weapons daily. The company serves more than 500 venues across 45 U.S. states and Puerto Rico, with a customer base that includes notable organizations such as the CIA, FBI, and TSA. Evolv Technology went public in July 2021 and has shown significant financial growth, reporting $76.1 million in revenue for 2024, a 48% increase from the previous year. The company continues to seek partnerships to enhance its security offerings.