New Funding will accelerate product enhancements and support key hires
Incident Response Technologies, Inc. (IRT), a crisis response company with cloud-based incident management software, announces that the Company has closed a convertible note financing round with the Innosphere Fund as their lead investor. This round was fully subscribed by the Company’s current investors.
With this financing, IRT will immediately begin to pursue an accelerated growth plan by utilizing the funds to further build out its mobile application, make strategic additions to its executive team and expand sales and marketing outreach.
IRT’s flagship product, Rhodium™ Incident Management Suite (Rhodium), along with their product RhodiumSE Special Event Management, are utilized by hundreds of public safety and corporate security agencies in 40 U.S. states and internationally. Rhodium is a complete command and control solution allowing organizations to increase the availability and accessibility of critical data during emergencies and special events. It supports incident management for police, fire, EMS, emergency management, and campus security of all sizes, including large multi-agency events.
“This funding paves the way for IRT to extend our 2018 success into 2019, while also accelerating our product roadmap and making key hires to help take the business to the next goal post,” said Jarret Winkelman, IRT’s president, and CEO. “The need for modern incident planning and management solutions has never been clearer.”
IRT is a current client company of Innosphere, Colorado’s leading incubator for high-tech companies. “It was an easy decision to continue the Innosphere Fund’s support of IRT and its CEO Jarret,” said Innosphere Fund general partner and IRT Board member, Mike Freeman. “IRT has a clear, differentiated offering and the investor base is excited to watch IRT’s progress in the coming years.”
IRT has achieved record sales in 2018 and expects to continue this trend into 2019. Rhodium was recently utilized by multiple agencies responding to Hurricane Florence and RhodiumSE continues to be deployed for special event management including the Oklahoma City Memorial Marathon and Super Bowl LII.
About Incident Response Technologies
Incident Response Technologies, Inc., has been providing cloud-based solutions for public safety organizations since 2005. IRT’s flagship product, the Rhodium Incident Management Suite, is currently in use throughout the United States and Canada by Police, Fire, EMS, Emergency Management, Campus Security, and other organizations. For more information on the Rhodium Incident Management Suite, visit IRT’s website at www.irtsoftware.com or call (866) 260-7333.
About the Innosphere Fund:
The Innosphere Fund is a seed-stage venture capital fund which seeks to lead seed-stage investment rounds in companies that are likely to achieve a near-term exit through a corporate acquisition and require smaller amounts of capital to achieve superior growth milestones. Made available to Innosphere client companies that meet certain qualifications, such as being Colorado-based and having a motivated team, the Fund was formed to accelerate the growth and exit of Innosphere’s client companies. Innosphere Fund operates separately from Innosphere’s non-profit organization.