Motorola Solutions Investment in Gunshot-Detection Technology Pays Back
According to Crain's Chicago Business, Motorola Solutions Venture Capital made a solid return on its investment in ShotSpotter, a manufacturer of of technology that detects gunshots.
The Chicago police says that the gun shot technology has helped to minimize violence and shootings in one of the city's neighborhoods with the highest crime rate.
In 2012, Motorola Solutions invested $500,000 in the Newark, California based company ShotSpotter. This was five years before the company went public.
According to Securities & Exchange Commission filings, on 10 January 2018, Motorola Solutions sold the full 100% stake in ShotSpotter for more than 14.000.000 USD.
The sale of ShotSpotter can be seen as major success for Motorola's venture-capital unit, one of the oldest corporate venture funds in Chicago, making 211 investments since 1999.
More information on SpotShotter can be viewed here
