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Security Type
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Equity
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Categories
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Technology, AI
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Min Investment
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$110
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Offering Date
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April 03, 2023
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Expected Close Date
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July 03, 2023
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Target Raise
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$15.00K-$1.23M
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No. Investors
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181
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Security Price
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$13.81
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Valuation
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$30,005,774
- Number of Employees
- 2
- Cash
- $1,169,907
- Revenue
- $1,606,151
- Short Term Debt
- $201,528
- Cost of Goods
- $100,176
- Long Term Debt
- $0
- Net Income
- $2,195,294
Company Description
We are a police body camera analytics company that automates supervision, facilitates coaching, & promotes police professionalism. We are deployed across 15 police departments & have booked $1.5M in 2022.
Key Deal Facts
TRULEO BUILDS TRUST: Trust in the police is at record lows and, from our research and user feedback, <2% of body-cam footage is reviewed due to department bandwidth. Truleo’s fast analytics review 100% of body-cam data; providing departments with “Baseball Card Like stats” to detect critical events and measure police professionalism.
MASSIVE MARKET POTENTIAL: The body-cam market is projected to grow at over 70% per year by 2030 and for the 1st time ever the Department of Justice has issued grant funding for using the footage for training and constitutional policing; Truleo believes it is positioned to at least double their deployments to 30 early adopter departments by the end of 2023.
CUTTING-EDGE TECHNOLOGY: Truleo leverages Natural Language Processing, a branch of Artificial Intelligence, that our founders pioneered on Wall Street. This patent pending capability enables us to separate officer language from civilian, protecting civilian privacy, and differentiating us from raw transcription. NLP technology is today widely used in call centers and in Wall Street banks such as J.P. Morgan and Goldman Sachs.
Management Team / Advisory Board Bios
Anthony TassoneChief Executive Officer, Director, and Co-FounderAnthony Tassone is the CEO of Truleo and comes from a proud military and law enforcement family. Anthony works closely with FBINAA and Major Cities Chiefs Association. He received his bachelor's degree from DePaul University in Computer Science and lives just outside of Chicago with his wife and 4 kids. Anthony is an avid bow hunter and triathelete, and he regularly speaks about culture, leadership, and entrepreneurship., Tejas ShastryChief Technology Officer & DirectorTejas Shastry is the Chief Technology Officer of Truleo. He grew up in central Illinois and received his bachelor's degree and PhD from Northwestern University. Tejas works closely with NIJ LEAD Scholars and lives in Chicago with his wife and 2 kids. He is an avid data scientist and technologist who has authored over 30 peer-reviewed research publications and 10 patents, received 2 fellowships, and has been previously recognized on Forbes 30 under 30.
