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Rekor Systems has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $25 Million in New Equity Investment.

Rekor Systems has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $25 Million in New Equity Investment.

March 11, 2024 Craig Etkin

According to filings with the U.S. Securities and Exchange Commission, Rekor Systems is raising $25,000,000.00 in new funding. About Rekor Systems: Rekor Systems, Inc., a technology company, provides intelligent infrastructure solutions for transportation management, public safety, and urban mobility markets in the United States, Canada, and internationally. It leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility. The company’s platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that provides various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and fully automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which fully automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders. The company also offers Rekor AutoNotice, a cloud-based financial management application that delivers an information and citation management solution for cities, states, and municipalities for primary and secondary offenses; and Rekor CarCheck, which allows its AI based vehicle and license plate recognition technology to be conveniently accessed for a range of commercial applications. In addition, it offers Rekor Edge Max System, a fixed traffic data collection system; Rekor Edge Pro, a vehicle recognition solution; and Rekor Edge Flex, a portable data collection system. Rekor Systems, Inc. was incorporated in 2017 and is headquartered in Columbia, Maryland.

To learn more about Rekor Systems, visit http://www.rekor.ai/

Contact:
Robert Berman, Chief Executive Officer
410-762-0800

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.


Venture Capital
720, Baltimore, Columbia, Maryland, Rekor Systems, Venture Capital

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