Nationwide invests in innovative security system
Small business owners spend a significant amount of time and energy to grow and protect their businesses. For the owners whose businesses are contained within a physical structure, that means having a security system that utilizes the latest technology to protect the building. Nationwide’s latest venture capital investment is committed to doing just that.
Nationwide’s venture capital team is investing in Deep Sentinel, an innovative security system provider which combines artificial intelligence with human monitoring to prevent crimes before they even happen. The funding comes from Nationwide’s $100 million venture capital investment fund.
“Technology and protection products like Deep Sentinel support small business owners in safeguarding their livelihood which is critical to operational success.” said Nationwide Vice President of Commercial Underwriting and Product Tony Fenton, “Nationwide is proud to have spent the last 90 years empowering and protecting small business owners which aligns well with the capabilities of Deep Sentinel”.
Separating itself from other companies, Deep Sentinel is the only AI-powered security provider with monitoring by live guards. The company recently unveiled a new product designed for small-to-medium businesses: Deep Sentinel for Business. Providing after-hours protection against crimes like vandalism and theft, Deep Sentinel for Business features many of the same benefits as Deep Sentinel’s home security product. Weatherproof cameras use AI to detect potential threats, alerting one of the company’s LiveSentinel™ guards to any unusual activity. Guards can then intervene through the system’s two-way audio and 104dB siren, with the ability to contact local law enforcement within seconds, if needed.
“Nationwide has decades of experience protecting homeowners and businesses, so it’s a natural fit to partner with them as we work to provide best-in-class security for our own customers,” said David Selinger, Deep Sentinel CEO and co-founder. “We share a commitment to exceptional customer care and look forward to working together as Deep Sentinel continues to revolutionize security through cutting-edge technology.”
Nationwide’s venture capital team has made several recent investments, including: Vesta Healthcare, KINETIC, Upstream Security, Socotra, Betterview, Nexar, BlueVine, blooom, Insurify, Next Insurance, Matic and Sure.