Incident Response Technologies closes convertible note round led by Innosphere Fund

Wednesday November 14, 2018 Tags: Denver, Incident Response Technologies, Innosphere Fund, Mike Freeman, Jarret Winkelman

DENVER -- Incident Response Technologies, Inc. (IRT), a crisis response company with cloud-based incident management software, announced it closed a convertible note financing round with the Innosphere Fund as their lead investor.

The round was fully subscribed by the company’s current investors, IRT said. The amount of the investment was not disclosed.

With this financing, IRT said it will immediately begin to pursue an accelerated growth plan by utilizing the funds to further build out its mobile application, make strategic additions to its executive team and expand sales and marketing outreach.

IRT’s flagship product, Rhodium Incident Management Suite (Rhodium), along with their product RhodiumSE Special Event Management, are used by hundreds of public safety and corporate security agencies in 40 U.S. states and internationally.

Rhodium is a complete command-and-control solution allowing organizations to increase the availability and accessibility of critical data during emergencies and special events. It supports incident management for police, fire, EMS, emergency management, and campus security of all sizes, including large multi-agency events.

“This funding paves the way for IRT to extend our 2018 success into 2019, while also accelerating our product roadmap and making key hires to help take the business to the next goal post,” said Jarret Winkelman, IRT’s president and CEO.

“The need for modern incident planning and management solutions has never been clearer.”

IRT is a current client company of Innosphere, Colorado’s leading incubator for high-tech companies.

“It was an easy decision to continue the Innosphere Fund’s support of IRT and its CEO Jarret,” said Innosphere Fund general partner and IRT board member Mike Freeman.

“IRT has a clear, differentiated offering and the investor base is excited to watch IRT’s progress in the coming years.”

IRT said it has achieved record sales in 2018 and expects to continue this trend into 2019. Rhodium was recently utilized by multiple agencies responding to Hurricane Florence and RhodiumSE continues to be deployed for special event management including the Oklahoma City Memorial Marathon and Super Bowl LII.