Ping4 raises $3.8 million for hyper-local emergency alerts

February 19, 2013

From MobiHealthNews, by Jonah Comstock

Smartphone-based public safety company Ping4 has raised $3.8 million to develop a next generation emergency alert system and market it worldwide. With more than a million from the founders of the company and $1.8 million raised between January and March last year, the new round brings the company up to $7 million in funding, Ping4 CEO Jim Bender told MobiHealthNews. The $3.8 million raise is made up of individual angel investors, and between two-thirds and three-quarters of the investors were returning from previous rounds, Bender said.

Ping4 creates an app-based alert system called Ping4alerts! for such diverse cases as nuclear reactor breakdowns, Amber Alerts for missing children, and disaster relief. The company sells its system to emergency services, who then reach the public by the means of a free app on their smartphones. They’re planning to use the money to add additional features to their product, file for more patents, and develop a worldwide marketing team to sell their service outside the United States…