Evolv Technologies Holdings Watchlist

tz-plus logo Evolv Technologies: Milestone of 1,000 Customers for AI Weapon Scanners – Growth Forecast Raised to 27-30%!

A. Zehetner
Reading Time: 2 minutes

Evolv Technologies (EVLV) begins its comeback with a new CEO and concluded investigations by the U.S. Department of Justice. As a provider of AI-based weapon scanners, it aims to replace traditional metal detectors with advanced sensors. With Evolv Express, a larger number of individuals can be screened simultaneously at entrances to schools, hospitals, and sports stadiums. The acquisition of 60 new customers has now propelled the company to the milestone of 1,000 customers. The devices are sold through four-year subscriptions, generating recurring...

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