About SoundThinking
SoundThinking is a company based in Fremont (United States) founded in 1996 by Robert B Calhoun, Jason Dunham, and Robert Showen was acquired by ShotSpotter in February 2022.. SoundThinking has raised $22.01 million across 3 funding rounds from investors including Mainsail Partners and ShotSpotter. The company has 316 employees as of December 31, 2024. SoundThinking has completed 1 acquisition, including SafePointe Security Solutions. SoundThinking offers products and services including ShotSpotter, SafePointe, PlateRanger, and CrimeTracer. SoundThinking operates in a competitive market with competitors including Actuate, V5 Systems, Lassen Peak, Patriot1 Tech and Athena Security, among others.
- Headquarter Fremont, United States
- Employees 316 as on 31 Dec, 2024
- Founders Robert B Calhoun, Jason Dunham, Robert Showen
- Stage Public
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Sectors
Government & Social SectorIndustrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Soundthinking, Inc.
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Annual Revenue
$102.03 M10.05as on Dec 31, 2024
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Net Profit
$-9.18 M-237.75as on Dec 31, 2024
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EBITDA
$2.6 M-43.81as on Dec 31, 2024
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Total Equity Funding
$22.01 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Unspecified
Oct 02, 2017
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Investors
Mainsail Partners
& 1 more
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Employee Count
316
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
ShotSpotter
(Feb 22, 2022)
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IPO & Listings of SoundThinking
SoundThinking is a publicly listed company on the NASDAQ with ticker symbol SSTI in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of SoundThinking
SoundThinking offers a comprehensive portfolio of products and services, including ShotSpotter, SafePointe, PlateRanger, and CrimeTracer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI system for real-time gunshot alerts and location tracking
Discreet screening technology for secure environments
Vehicle identification tool for crime investigation
AI chatbot for investigative data searches
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Leadership Team
14 people
Software Development Team
11 people
Sales and Marketing
7 people
Product Management Team
6 people
Creative and Marketing Team
3 people
Senior Team
2 people
Finance and Accounting
2 people
Operations Team
1 people
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Funding Insights of SoundThinking
SoundThinking has successfully raised a total of $22.01M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $20 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Unspecified — $20.0M
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First Round
First Round
(07 May 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Unspecified - SoundThinking | Valuation | Mainsail Partners |
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| Jul, 2014 | Amount | Unspecified - SoundThinking | Valuation |
investors |
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| May, 2009 | Amount | Unspecified - SoundThinking | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SoundThinking
SoundThinking has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Mainsail Partners and ShotSpotter. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Public safety solutions are provided using AI-driven technologies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SoundThinking
SoundThinking has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SafePointe Security Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Security and threat detection solutions are provided for operations management.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SoundThinking
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Soundthinking Comparisons
Competitors of SoundThinking
SoundThinking operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Actuate, V5 Systems, Lassen Peak, Patriot1 Tech and Athena Security, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud and AI-based gunshot detection systems are provided for security.
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| domain | founded_year | HQ Location |
Provides outdoor security solutions and platform for IOT Applications
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| domain | founded_year | HQ Location |
Remote weapon detection systems are provided for security sectors.
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| domain | founded_year | HQ Location |
Weapon detection is enabled by an online public safety platform.
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| domain | founded_year | HQ Location |
AI-driven security solutions for buildings are provided using computer vision.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Soundthinking
Frequently Asked Questions about SoundThinking
When was SoundThinking founded?
SoundThinking was founded in 1996 and raised its 1st funding round 13 years after it was founded.
Where is SoundThinking located?
SoundThinking is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Who is the current CEO of SoundThinking?
Ralph A Clark is the current CEO of SoundThinking.
Is SoundThinking a funded company?
SoundThinking is a funded company, having raised a total of $22.01M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $1.64M, raised on May 07, 2009.
How many employees does SoundThinking have?
As of Dec 31, 2024, the latest employee count at SoundThinking is 316.
What is the annual revenue of SoundThinking?
Annual revenue of SoundThinking is $102.03M as on Dec 31, 2024.
What does SoundThinking do?
SoundThinking was founded in 1996 and is headquartered in Fremont, United States. Operations center on an online platform for public safety management within the law enforcement sector. Services include sound detection for gunfire response, AI-based weapon identification, crime analysis tools, investigation management, forensic support, highway safety measures, and constituent protection features. These tools are utilized by agencies to enhance incident detection and response.
Who are the top competitors of SoundThinking?
SoundThinking's top competitors include Actuate, Liberty Defense and Athena Security.
What products or services does SoundThinking offer?
SoundThinking offers ShotSpotter, SafePointe, PlateRanger, and CrimeTracer.
Is SoundThinking publicly traded?
Yes, SoundThinking is publicly traded on NASDAQ under the ticker symbol SSTI.
How many acquisitions has SoundThinking made?
SoundThinking has made 1 acquisition, including SafePointe Security Solutions.
Who are SoundThinking's investors?
SoundThinking has 2 investors. Key investors include Mainsail Partners, and ShotSpotter.
What is SoundThinking's ticker symbol?
The ticker symbol of SoundThinking is SSTI on NASDAQ.
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