December 3, 2015
ARLINGTON, Va., –(HEARST)– LiveSafe, a smartphone app and mobile safety communications platform today announced that Hearst Ventures and IAC are investing in the technology which is transforming how universities, sports teams, and global businesses empower and protect their people. The two media and Internet companies together are investing $4 million in Series A venture financing for LiveSafe.
The funding announcement comes as noted Washington, D.C. mobile-technology and startup developer Carolyn Parent joins LiveSafe as chief executive officer and president. Parent has led growth in companies ranging from large public companies like Deltek, to small venture-backed startups like Gravy.
LiveSafe enables two-way, real-time interaction between individuals and security and facilities teams. The convenience of using a smartphone to text information or ask for help is a game-changing way to open up communication on safety- and security-related concerns. Users can send text, photos and videos and precise location information, reporting incidents ranging from routine maintenance needs to suspicious activity to safety threats and crimes.
“LiveSafe is leading a movement to put safety in everyone’s hands,” said Parent. “Our mobile safety communications platform empowers people in businesses, colleges, and other organizations to quickly upgrade security. In a world where personal and organizational security feels increasingly at risk, today’s investment in LiveSafe by Hearst and IAC will allow us to more rapidly expand within our core enterprise and education markets.”
LiveSafe clients include Cox Communications, Hearst, Children’s Medical Center of Dallas, the 49ers’ Levi’s® Stadium (where the Super Bowl will be played in 2016), the University of Southern California, Arizona State University, Yale, and Virginia Tech.
“Maintaining safety of employees and security for company assets is a growing imperative for businesses and a rapidly growing field,” said Scott English, managing director of Hearst Ventures. “We are investing in LiveSafe because we recognize them as a leader in providing that security in smart new ways.”
Since its founding, the LiveSafe platform has expanded to serve nearly a million people on college campuses, in large sports and entertainment arenas, and at businesses, across the country.
Also investing in LiveSafe today is IAC, which includes top digital brands and products to engage consumers around the world.
“IAC invests in organizations that transform the way people live,” said Gregg Winiarski, IAC Executive Vice President, General Counsel. “We believe LiveSafe is making life safer for people, and this additional investment will help them accelerate bringing the platform to more people and organizations.”
LiveSafe’s advisory board includes Jan Fedarcyk, former assistant director, Federal Bureau of Investigation; Mark Sullivan, former director, U.S. Secret Service; Dick Newton, Lt. General, U.S. Air Force, Ret.; Patrick Gross, chairman of the Board, Rosetta Stone; and Alan Merten, president emeritus, George Mason University.