Tensility is thrilled to announce our investment in Aegis Systems’ seed round of $2MM. We at Tensility are passionate about cyber security and making any public space a safer place. We are concerned about gun threats to innocent people. According to an FBI study of Active Shooter Incidents in the United States Between 2000 and 2013, around 60% of the shootings end before the police arrive. Unfortunately, law enforcement often receives delayed and inaccurate information. The Aegis technology can detect a gun before it is fired, unlike other technologies that detect the sound of a gunshot after being fired. We believe the Aegis software save precious minutes and has the potential to reduce the causalities by detecting firearms, providing early warnings, and improving law enforcement response.
Aegis Systems builds computer vision software using powerful neural network techniques to turn any security camera into a gun-detecting smart camera, enabling real-time response to gun violence. This system can be described as a threat detection technology. The AI software scans thousands of video feeds simultaneously and alerts building security upon a successful detection of a gun. The technology detects adjacent threats, such as intruders, left objects, and vehicles, enabling end-to-end management security without requiring additional hardware or security personnel.
Aegis was founded by Sonny Tai and Ben Ziomek. Sonny was a US Marine Corps officer, a strategy consultant, and has a deep passion to address gun violence. Ben worked at Microsoft leading engineering and data science teams to leverage Artificial Intelligence and will bring the needed product expertise. Tensility is excited to partner with Aegis Systems to drive the company forward and reduce gun violence.
Tensility is thrilled to announce that one of our Tensility Fund II portfolio companies, Health Data Link, is being acquired by Datavant, a company on a mission to connect the world’s healthcare data. This acquisition will further Health Data Link’s mission of building a reliable data sharing ecosystem to support medical research that ultimately improves patient outcomes.
Privacy laws and fragmented data make sharing of customer healthcare data between enterprises very difficult. Health Data Link (HDL) developed a unique solution to this problem, using an AI hashing function to anonymize the data, allowing it to be linkable to other sources. This makes customer data completely anonymous and gives enterprises the ability to connect data from disparate databases. It significantly cuts down on the time needed to share data, since the data is anonymized and does not have to go through time-consuming compliance processes. Through this process, researchers can perform segmentation and analyses on these datasets and drive critical breakthroughs.
HDL’s customers validated the usefulness of the product for population health studies and health economics studies. Over 40 institutions used HDL’s solution, connecting data from over 10 million patients. A leading research network, REACHnet, based in New Orleans used HDL to link data across health care institutions and payers. PRACnet, a patient-centered health plan research network collaborated with REACHnet for an antibiotic study and HDL’s technology “enabled a more accurate understanding of the effects of antibiotic utilization while helping organizations protect patient privacy.”
We were also impressed with the expertise of the cofounders – Satyender, Abel and Jasmin - in the fields of healthcare analytics and research. It has been an absolute pleasure working with the founders and the CEO, Jacob Plummer, for the past year. We are confident in their ability to help Datavant accomplish their mission of connecting the world’s health data to improve patient outcomes and we are excited to watch their progress in solving this important problem. We continue to be big believers in healthcare data and are excited to make future investments in the space.
More information about the acquisition can be found in Datavant’s Press Release here.