Shot Spotter has repeatedly been forced to raise new money via private placements in order stave off insolvency, with investors describing the company as “ subsisting on fumes”. But the collection and analysis of the “big data” did have one result: there was now enough data gathered to prove categorically that Shot Spotter’s technology simply does not work. So Shot Spotter quickly adopted a campaign to thwart any release of that data, including blocking access for universities seeking to research it under the Freedom of Information Act.At one point, Shot Spotter decided to change the direction of its business and attempt to create a“big data” play on its detection of gun shots. After more than 20 years of providing cash infusions to keep afloat this struggling business, these private investors were finally unwilling to put in any further funds.
: Should Miami-Dade Police Spend Million on a Gunshot Detector They Abandoned Before?
Not surprisingly, each of these banks has been able to ignore the wealth of information that I present in this article.
A large December fee event will no doubt provide a nice bump up in each of their year end bonuses.
Recent headlines have indicated that Shot Spotter is on track to implement a major contract installation in Miami.
Shot Spotter is a brand new IPO, so perhaps investors can be forgiven for not knowing the prior history of major contract announcements (specifically for Miami) which were then repeatedly cancelled with little or no revenue.