BeamRail, a public-safety startup founded by a former Cary police officer, has raised $700,000 in pre-seed funding to get off the ground.
- The startup is the maker of an AI-based platform that aims to reduce the amount of time police officers spend on administrative work.
Why it matters: The investment is the first local bet made by Shaper Capital, an investment firm led by Travis May, a serial entrepreneur who returned home to Cary from the Bay Area in 2020. Flex Capital is also part of the round.
…
- May, who previously founded and led the data-focused companies LiveRamp and Datavant, started Shaper in…