Rhombus announces $45M Series C funding

SACRAMENTO, Calif. — Rhombus, a provider of cloud-managed physical security, has announced $45 million in a Series C funding round led by NightDragon, a dedicated cybersecurity, safety, security and privacy investment firm, with participation from Bluestone Equity Partners, and existing investors Caden Capital, Cota Capital, Tru Arrow Partners, and Uncorrelated Ventures.

The round brings total funding raised to over $90 million.

Rhombus' hardware-software solution combines smart security cameras, access control, connected IoT sensors, alarm monitoring, and an intuitive console in a cloud-managed and open platform. A growing ecosystem of over 40 integrations, along with the ability to easily serve Rhombus data to other critical systems through an open API, arms organizations with personalized end-to-end solutions.

"Physical security is entering a new era, where it is possible to have smarter, safer spaces through the power of connected systems, cloud platforms, artificial intelligence, and more. NightDragon is proud to lead an investment in Rhombus, which is enabling this transformation through its innovative, leading technology and open platform approach to better secure our world for tomorrow," said Dave DeWalt, founder and CEO of NightDragon.

The new round of funding marks a period of increased momentum for Rhombus, including:

Growth to over 3,000 customers

Over 100K devices and cameras

5M+ alerts per day

Rhombus said it will use the new funding to further expand its go-to-market strategy, including continued investment in its partner and developer ecosystem and expansion of its international presence. Additionally, it will continue advancing internal artificial intelligence and open platform capabilities. As an investor, NightDragon will support these efforts through its proprietary NightScale platform.

"We are excited to bring on additional strategic investors, like NightDragon and Bluestone, who bring a wealth of industry experience which will accelerate Rhombus' go-to-market and product capabilities. Their investment validates the massive market opportunity for global physical security and accelerates our mission of making organizations safer and their spaces more intelligent," said Garrett Larsson, CEO, Rhombus.

NightDragon Managing Director Morgan Kyauk will join the Rhombus Board of Directors.