ORLANDO - TapShield, an Orlando-based security company specializing in mobile emergency reporting and response, announced today that it has raised $750,000, a combination of private investment and public funding from the Florida Institute for the Commercialization of Public Research.
The funding will allow TapShield to scale its operations to meet existing demand from higher ed and corporate institutions. The company plans to hire additional leadership, including sales and marketing support, to accompany recent hires that include Ben Boyd as Head of Technology. Ben recently left Discovery Communications in New York to join the TapShield team.
The Institute is a non-profit organization formed in 2007 to support new company creation and growth based on publicly-funded research across Florida. TapShield is incorporating technology developed at the University of Florida as part of its mobile inbound alert system, and in order to qualify for Institute funding had to raise private matching investment capital. This use of leading-edge indoor positioning and location tracking technology will allow the company to advance solutions that reduce emergency reporting and response time.