Boston – MassDevelopment has provided a $2,250 million Emerging Technology Fund (ETF) loan to Armored Things, Inc., a Boston-based software developer startup.
The company has developed proprietary software, the Armored Things Crowd Intelligence Platform, which unifies existing data to support decisions around operations and security. Armored Things will use loan proceeds to hire additional full-time employees and support continued product development.
Armored Things provides SaaS (Software-as-a-Service) solutions for crowd intelligence. By combining data from existing security and IT systems with predictive analytics, its platform provides facilities management teams with a real-time visual representation of people and flow within any campus or venue space.
Easy-to-use dashboards equip clients to anticipate changes and inform decisions to improve service, operations, staffing, and security.
Since the company’s founding in 2016, it has built a team of security and technology experts to deliver world-class solutions to stadiums, corporations, and campuses around the country.
MassDevelopment’s ETF provides low-cost, long-term venture debt to early-stage, emerging technology companies.