Incident Response Technologies Closes $1.2M Seed Round led by the Innosphere Fund
Fort Collins, Colorado – The Innosphere Fund, an early-stage venture capital fund made available to Innosphere client companies that meet certain qualifications, has announced the Fund’s first investment in a Denver-based startup company, Incident Response Technologies, Inc. (IRT). After the Innosphere Fund selected IRT as its first investment, the company announced their closing of a $1.2 million Seed Round financing led by the Innosphere Fund, joined by angel investors in Colorado, New York, and Kentucky.
IRT will utilize the funds to scale revenue growth of the business, including product improvements and new features that drive new revenue growth, and invest in marketing and sales staff.
IRT’s flagship product, the Rhodium™ Incident Management Suite, is a cloud-based command and control software that was widely deployed in response to Hurricanes Harvey and Irma. The software provides public safety organizations with intuitive, cloud-based solutions to improve the coordination of resources for first responders to emergency situations.
“We saw a clear need for the critical services Rhodium can provide across large and small public safety organizations,” said Mike Freeman, General Partner of the Innosphere Fund. “So the Innosphere Fund is proud to support Founder and CEO Jarret Winkelman in the company’s next phase of growth. We’re excited about their software because it’s a unique offering to public safety organizations across the nation struggling to continuously improve coordination and management of resources on the front line of fire services, police services, and emergency medical services.”
IRT is a client company of Innosphere, Colorado’s leading technology incubator supporting high-growth companies in hardware/software, engineering and scientific-based industries.
“The need for collaborative planning and response management tools for public safety has never been more clear. This capital will allow us to accelerate our mission to bring this important technology to all public safety organizations,” said Jarret Winkelman, IRT’s CEO and co-founder. “We are excited to be working with the Innosphere Fund. Their expertise with scaling technology companies in Colorado will aid us in moving rapidly to achieve our goals.”
The Rhodium platform allows incident commanders to quickly review pre-plan data, view current situation status, and document actions from a user-friendly touch screen interface. The software also includes a module that assists organizations with rapidly creating and distributing the FEMA Incident Command System forms. Currently, there are more than 150 progressive public safety organizations who have deployed the Rhodium solution to improve managing critical first response to emergency situations.
For more information on Incident Response Technologies, contact CEO Jarret Winkelman at [email protected] or (720) 505-2710.
For more information on the Innosphere Fund, contact General Partner of the Innosphere Fund, Mike Freeman, at [email protected] or (970) 818-7736.
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, call (866) 260-7333 or visit IRT’s website at www.irtsoftware.com.
About the Innosphere Fund:
The Innosphere Fund is an early-stage venture capital fund made available to Innosphere client companies that meet certain qualifications, such as being Colorado-based and having a motivated team.
Innosphere is a non-profit technology incubator accelerating the success of high-impact science and technology startups. Innosphere has physical locations in Fort Collins, Denver, and Boulder, Colorado to support entrepreneurs building potential high-growth companies in the industries of bioscience, life sciences, enterprise software, hardware, water, energy, transportation, and advanced materials. Innosphere’s incubation program focuses on ensuring companies are investor ready, connecting them with experienced advisors, and making introductions to corporate partners. Once accepted into the program, companies receive customized development plans and ongoing support to ensure they’re getting the know-how to raise the right kind of capital and all the resources to grow. innosphereventures.org