Rhombus Systems

Overview

Rhombus Systems, a cloud-managed physical security company, was founded in 2016 by Garrett Larsson, Dave Gustafson, and Omar Khan. Based in Sacramento, California, the company has made significant strides in the use of artificial intelligence for enhancing security systems. To date, Rhombus Systems has raised over $90 million in funding, including a noteworthy Series C round led by NightDragon. The company is known for creating security solutions that integrate cameras, IoT sensors, and access controls in a unified platform.

Recent Developments

September 2024: Rhombus unveiled two new security products, the R600 Multisensor Camera and the E50 Environmental Sensor, driven by the integration of advanced analytics and AI. These innovations are designed to transform basic surveillance systems into active threat prevention platforms. Both devices offer significant improvements in coverage, data analysis, and environmental monitoring, aiming to boost security in schools, hospitals, and other large-scale facilities.
August 2024: A partnership with Convergint, an industry leader in integrated security services, was forged to expand Rhombus's global reach in delivering comprehensive security solutions.
July 2024: The company announced a significant $45 million Series C funding round led by NightDragon, targeting the expansion of their capabilities in the $45 billion physical security market.
February 2024: Rhombus secured $26 million in funding to propel their innovation in cloud-managed physical security, enhancing their capabilities with advanced AI and machine learning integrations.
October 2023: Rhombus launched advanced features for its Rhombus Access Control, offering more seamless integration across their product suite.

Attribute	Information
Founding Date	2016
Headquarters	Sacramento, California, U.S.
Founders	Garrett Larsson, Dave Gustafson, Omar Khan
Revenue	$5.0-25M annual estimate
Profits	Not publicly disclosed
Key Investors	NightDragon, Bluestone Equity Partners, Caden Capital, Tru Arrow Partners, and Uncorrelated Ventures
Industry	Cloud-Managed Physical Security Solutions
Number of Employees	Approximately 100-250

Early History

Founded in 2016, Rhombus Systems was established by three industry veterans with a vision to simplify and enhance physical security through cloud integration. Drawing from their experiences in enterprise IT and security, the founders were inspired by the challenges observed in traditional security systems. The foundational product, the R1 camera, was initially developed in a garage and quickly set the stage for the company to become a leader in cloud-based security solutions.

Company Profile and Achievements

Rhombus Systems operates on a business model centered around innovation in cloud-managed security technologies. The company's smart cameras, IoT sensors, and integration tools have drawn attention from sectors such as healthcare, education, and commercial real estate. Notable achievements include:

Completing Series C funding with NightDragon, enhancing their strategic and market position.
Development and continuous enhancement of AI analytics for real-time threat detection.
Establishing key partnerships with technology firms like Convergint and Omnilert to expand solution offerings.
Integration of environmental sensors with security solutions to detect anomalies like vape detection and air quality monitoring.

Current Operations and Market Position

Rhombus Systems has carved out a significant niche in the physical security market, focusing on cloud-based solutions that emphasize scalability and real-time data analysis. The company competes in a crowded marketplace but distinguishes itself by offering a full-stack approach that combines hardware and software solutions integrated under a single pane of glass. Strategic initiatives include global expansion, especially in collaborating with security service providers, and the development of more sophisticated AI and machine learning capabilities to anticipate and counter emerging security threats.

Conclusion

Rhombus Systems has rapidly positioned itself as a key player in the physical security market, thanks to its innovative use of cloud technology and AI. With a dynamic approach to product development, strategic partnerships, and market expansion, Rhombus is set to play a significant role in shaping the future of integrated security solutions. With ongoing investments in technology and strategic alliances, Rhombus is poised for further growth, offering scalable and intelligent security solutions catering to a wide range of industries.