Mark43, formerly known at Nucleik, announced a $1.95 million Seed Round led by General Catalyst and Spark Capital. The company, which was started by three recent Harvard graduates, created an information management platform that helps law enforcement officials track gang activity, drug dealers, and other criminal activity.
Mark43 plans to use the new funding to expand its software to more law enforcement agencies throughout the country. Currently, the company has used its product with police departments in L.A. County, Massachusetts, as well as a few other locations. The platform allows officials to share information, reduce time spent on administrative work, and makes it easier for agencies to analyze the wealth of data that currently exists on criminals.
Started by Scott Crouch, Florian Mayr, and Matthew Polega, Mark43 previously won the grand prize for Harvard University’s recent President’s Challenge, a prize of $70,000 and space to work out of the Harvard iLab.
They came up with the idea for the product while working with a team of Massachusetts State Troopers. Testing the product over the last eight months, Mark43 has created a 90% increase in information efficiency, allowing Massachusetts troopers to spend more time in the field, the press release announcing the deal said.
In the same press release, Crouch, the company’s CEO, said, “Mark43 is a game-changer for policing technology and is transforming the face of law enforcement.” He added, “Outdated software is preventing law enforcement agencies from sharing information and is increasing the amount of hours officers spend on administrative tasks - time that would be better spent in the field.”
“Our platform is designed in the field with law enforcement, for law enforcement to save time, money and, most importantly, save the lives of law enforcement officers and the civilians they have sworn to protect,” Crouch explained. “We want to help protect the people that protect us.”
In addition to Spark and General Catalyst, the Seed Round was joined by Lowercase Capital, SV Angel, Launchpad LA, Rough Draft Ventures, and Harvard Business School professor Tom Eisenmann, among others.
Dennis Keohane is a staff writer for VentureFizz. You can follow Dennis on Twitter (@DBKeohane) by clicking here.