Flock is headquartered in Atlanta and was founded in 2017. It has deployed about 120,000 AI-powered cameras across 49 states, installed on streets and highways, automatically reading license plates and recording passing vehicles. Its customers include more than 4,800 law enforcement agencies and nearly 1,000 businesses.
The capital side is equally striking: the company has raised more than $950 million from venture capital investors, including a latest $275 million round in March led by Andreessen Horowitz, which valued the company at $7.5 billion. According to the company, these funds support a new U.S. manufacturing facility and an upcoming drone product.
So these layoffs are not happening against a backdrop of exhausted funding, but at a time when the company's scale and capital are both at a high point. This contrast itself is the starting point for understanding the controversy that follows.