Ensuring that the startup is well heeled to continue warning customers’ staff of various hazards, AlertMedia has received a new windfall from a growth equity fund.
AlertMedia, an Austin, Texas based startup, announced it received a $25 million investment from JMI Equity, a growth equity firm. Bob Nye, a general partner in JMI, will join the AlertMedia board. This brings the startup’s total funding to date to $42 million.
AlertMedia helps organizations monitor adverse events, such as wildfires, hurricanes, terrorist attacks, winter storms, network outages and even active shooter scenarios. Companies use AlertMedia’s two-way communications software to connect employees over multiple channels (text, email, mobile app, voice, social media, etc.) to keep employees in touch.
“As the global demand for AlertMedia software and services continues to skyrocket, this funding will be used to help us grow our team to satisfy that demand, as well as explore new ways to enable organizations to protect their workers and expand our offering,” said Brian Cruver, chief executive officer of Alert Media, in a statement. “We are thrilled to partner with the JMI team, as they bring to the table a level of expertise in B2B software that is simply unmatched.”
AlertMedia will use the new funding to accelerate it’s strategic growth initiatives, including new product development, international expansion and hiring.