In this Research Note, we examine Evolv Technology, a U.S. provider of AI-based weapons detection for security screening. This article covers the firm’s development, 2022 financials, vertical market approach and growth strategy. It is based on Evolv’s 2023 Analyst Day Presentations, Q4 Earnings Deck, 2022 10K Report and our analysis. The Boston, Massachusetts startup has developed security systems to detect anyone attempting to carry a weapon or other threat into venues without slowing the flow of visitors or employees. By fusing the latest sensors and Cortex AI, Evolv delivers weapons detection smart enough to screen thousands of people without the need to stop and empty pockets or remove bags. Their solution claims to be ten times faster than traditional metal detectors. It can also discriminate between a weapon like a firearm and a personal item like a cell phone or wallet in under 250 milliseconds which is orders of magnitude faster and more efficient than […]