PRESS RELEASE
DENVER — ForceMetrics, the leading provider of Precision Policing, announced strong results for the fiscal year 2024, capped off by a record-breaking fourth quarter. The company achieved significant milestone growth across key performance indicators, driven by increased customer adoption, strategic partnerships and continuous product innovation.
FY2024 Highlights:
● Funding: ForceMetrics secured its Series A funding led by Costanoa Ventures, the Hobson Lucas Family Foundation (founded by George Lucas and Mellody Hobson), Stand Together Venture Labs and more in October, bringing the total funding raised to date to $22 million.
● Annual Recurring Revenue (ARR): Achieved 205% year-over-year ARR growth, demonstrating strong customer retention and expansion.
● Customer Acquisition: Increased net new logos by 300% year-over-year.
“ForceMetrics puts all the information about a specific location or about an individual or a vehicle at the officer or dispatcher’s fingertips so the more information the officer has going into a circumstance the better the outcomes. It saves a lot of time because you don’t have to go into multiple systems. - Chief Darrell Lowe, Redmond Police Department
● Strategic Partnerships: Formed key technology integrations with Flock, FirstTwo, and Axon to expand market reach and enhance product offerings.
● Product Innovation: Launched Regional Data Sharing feature.
“The ease of use and being searchable are not the same. ForceMetrics is easy to use. We pull up Forcemetrics in every command staff meeting. Our command staff is using it everyday and it is now second nature. This is groundbreaking for our profession.” - Commander Todd Brown, Castle Rock Police Department
● Industry Recognition: CEO Andre McGregor was recognized as ‘CEO of the Year’ finalist for Colorado Technology Association’s APEX Awards.
“FY2024 was a pivotal year for ForceMetrics, marked by tremendous growth and the strengthening of our position as a leader in our industry,” said Andre McGregor, CEO of ForceMetrics. “We are proud of our achievements and remain committed to delivering exceptional value to our customers through innovative solutions and strategic partnerships. We look forward to continued momentum in FY2025 and beyond.”