ShotSpotter raises $7,500,000

ShotSpotter, Inc., the world leader in gunshot location systems (GLS) and technology for public safety and the military, announced the recent closing of equity financing totaling $7.5 million.  29 cities across the United States rely on ShotSpotter systems every day to detect and accurately locate gunfire, which studies indicate is only reported to 9-1-1 less than 50% of the time, depending on the city. The ShotSpotter GLS leads the market in deployments, arrests, weapons confiscations and lives saved. The company’s technology has been credited with reducing violent crime by nearly 35 percent and gunfire rates by nearly 60 to 80 percent in cities in which it is deployed.