HiveWatch Focuses In On $20M Funding For Security Software

Los Angeles-based HiveWatch, a developer of "multi-sensor" data collection tools being applied to physical security, has raised $20M in a Series A funding, the company said this morning. The funding was led by former Twitter executives Dick Costolo and Adam Bain. HiveWatch is developing artificial intelligence tools which take data from cameras, door sensors, and other sensors at enterprise companies to help them identify physical security threats. The company's founder and CEO is Ryan Schonfeld.