ClipFort

Company Overview

Snapshot

Founded in June 2013 by Daniel Biran, Omer Kotzer, and Tsachi Cohen, ClipFort operates with 1–10 employees. The company has raised $1.2 million across one funding round from OurCrowd. In April 2016, ClipFort was acquired for $28.1 million.

Business overview

ClipFort develops advanced safety solutions for defense, law enforcement, and consumer applications. The company's core product is a patented Biometric Magazine that integrates fingerprint-recognition technology with a locking mechanism to enhance firearm safety and security. This solution incorporates biometric and network connectivity into the firearms experience, enabling tracking and management of a firearm's location, status, and maintenance, while ensuring it can only be activated by authorized users. ClipFort operates within the Aerospace, Defense & HLS sector, specifically focusing on Security and Safety Technologies.

Strategic signal

In April 2016, ClipFort was acquired for $28.1 million, signaling a significant validation of its biometric firearm safety technology. This acquisition highlights the growing interest in advanced security solutions within the defense and law enforcement sectors, and suggests a strategic move to integrate ClipFort's innovations into a larger entity's product portfolio.

Company Intelligence Q&A

When was ClipFort founded and by whom?

ClipFort was founded in June 2013 by Daniel Biran, Omer Kotzer, and Tsachi Cohen.

What was a significant corporate milestone for ClipFort in April 2016?

In April 2016, ClipFort was acquired for $28.1 million, as reported by Biometric Update.

What is the total disclosed funding ClipFort has raised?

ClipFort has raised a total of $1.2 million across one funding round. This funding was secured in September 2014 from OurCrowd.

What is the primary sector ClipFort operates in?

ClipFort operates primarily in the Aerospace, Defense & HLS sector, focusing on Security and Safety Technologies.