Utility files details on its $6.6 million financing

XDATA – June 12th 2017
Not to be confused with Utility.com as on Crunchbase.

Utility raised $6.6 million from three financial backers on May 22nd according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.

Utility markets and develops an intuitive platform for effectively capturing, managing and releasing video evidence. The company’s BodyWorn camera and Rocket IoT in-car video system incorporates real-time communications and policy-based automatic recording functionality for the best situational awareness possible during critical times, while it’s AVaiL Web cloud-based digital evidence management solution securely stores captured evidence and offers Smart Redaction – an automatic video redaction software.
The company is headquartered in Atlanta GA. Utility elected to keep its revenues undisclosed.
The executive team includes Robert S McKeeman and Ted M Davis.

Utility is registered under the name Utility Associates.

Offering recap
Status: Completed
Company: Utility
Industry: Other Technology
Amount offered: $6.6 million
Amount placed: $6.6 million
SEC filing: Source
First sale: 05-22-2017
Data as of: 06-12-2017

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s