Evolv Technology and STANLEY Security Announce Global Partnership and Strategic Investment

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This past June we broke the news regarding Evolv Technology helping Six Flags theme parks reopen with the use of Evolv’s AI-based touchless threat detection system.

Evolv Technology just announced their Evolv Express – the company’s AI-based touchless security screening system – is now available through STANLEY Security, the world’s second-largest electronic security company. As a result, organizations will benefit from the expertise and full spectrum of value-added services from the two companies.

The pioneer in human security, Evolv also announced a strategic investment from STANLEY Ventures, the venture capital arm of $14 billion industrial organization Stanley Black & Decker. Terms of the deal were not disclosed. STANLEY Ventures joins backers that include Bill Gates, former Florida Governor Jeb Bush’s firm, Finback Investment Partners, DCVC (Data Collective), General Catalyst Partners, Lux Capital and SineWave Ventures. Investment in Evolv now exceeds $75 million.

Legacy physical security screening procedures rely almost exclusively on metal detectors, hand wands and invasive bag inspections. Rapidly unfolding new requirements prompted by COVID-19, coupled with significant technology advancements, means organizations need to look for new solutions.

“Security screening must be reimagined in a whole new light, no longer constrained by decades-old technologies or strategies that just don’t apply in today’s world,” said Evolv Technology Chief Executive Officer Peter George. “STANLEY Security shares that same vision with Evolv. We’re thrilled to be working with STANLEY Security and Stanley Black & Decker to provide new and better solutions – and the peace of mind that comes along with them – to our customers and partners.”

Chief Executive Officer Peter George at Evolv Technology

“We’re committed to helping organizations create safer, healthier environments for their employees, customers, students and partners, and our investment in Evolv Technology helps us deliver on that commitment,” said STANLEY Security Global President Matthew Kushner. “Evolv’s innovative, touchless security screening solutions are an integral part of the security industry’s future. When paired with data analytics and expertise from STANLEY Security, these solutions will deliver even more value to organizations as they adjust operations and enhance security measures to reopen and stay open safely.”

Profile photo of Matt Kushner
STANLEY Security Global President Matthew Kushner

Using AI software and powerful sensors, Evolv Express can screen up to 3,600 people per hour – the company estimates this is ten times faster than alternative approaches.

The system facilitates social distancing while minimizing person-to-person interaction – requiring no stopping, no emptying of pockets or removing bags. People simply walk through naturally, alleviating long lines at entrances while greatly reducing interaction between visitors and security staff. Notably, organizations are optimizing the performance of their security teams while reducing labor costs by up to 70%.

Customers include Six Flags Entertainment Corporation, L.L. Bean, Wynn Las Vegas, Georgia Aquarium, Set Jet, Oakland International Airport, two South Carolina school districts, the Biltmore Estate and hundreds of others.