Wednesday October 11, 2017 0 comments
FORT COLLINS -- The Innosphere Fund, an early-stage venture capital fund made available to Innosphere client companies that meet certain qualifications, has announced the Fund’s first investment in Incident Response Technologies (IRT), a Denver-based startup company.
After the Innosphere Fund selected IRT as its first investment, the company announced the closing of a $1.2 million Seed Round financing led by the Innosphere Fund, joined by angel investors in Colorado, New York and Kentucky.
IRT said it will use the funds to scale revenue growth of the business, including product improvements and new features that drive new revenue growth, and invest in marketing and sales staff.
IRT’s flagship product, the Rhodium™ Incident Management Suite, is a cloud-based command and control software that was widely deployed in response to Hurricanes Harvey and Irma. The software provides public safety organizations with intuitive, cloud-based solutions to improve the coordination of resources for first responders to emergency situations.
“We saw a clear need for the critical services Rhodium can provide across large and small public safety organizations,” said Mike Freeman, Innosphere Fund general partner.
“So the Innosphere Fund is proud to support founder and CEO Jarret Winkelman in the company’s next phase of growth. We’re excited about their software because it’s a unique offering to public safety organizations across the nation struggling to continuously improve coordination and management of resources on the front line of fire services, police services, and emergency medical services.”
IRT is a client company of Innosphere, Colorado’s leading technology incubator supporting high-growth companies in hardware/software, engineering and scientific-based industries.
“The need for collaborative planning and response management tools for public safety has never been more clear,” said Winkelman.
“This capital will allow us to accelerate our mission to bring this important technology to all public safety organizations. We are excited to be working with the Innosphere Fund. Their expertise with scaling technology companies in Colorado will aid us in moving rapidly to achieve our goals."
The Rhodium platform allows incident commanders to quickly review pre-plan data, view current situation status, and document actions from a user-friendly touch screen interface.
The software also includes a module that assists organizations with rapidly creating and distributing the FEMA Incident Command System forms.
Currently, there are more than 150 progressive public safety organizations who have deployed the Rhodium solution to improve managing critical first response to emergency situations.
For more information on Incident Response Technologies, contact Winkelman at firstname.lastname@example.org or (720) 505-2710.
For more information on the Innosphere Fund, contact Freeman at Mike.Freeman@innosphere.fund or (970) 818-7736.