Evolv Technologies Holdings, Inc. EVLV

Company Overview

Evolv Technologies Holdings, Inc. is a U.S.-based security technology company focused on AI-enabled weapons detection and security screening systems for public venues and commercial facilities. The company operates primarily in the physical security and security technology industries, offering touchless screening solutions designed to detect firearms, explosives, and other prohibited items while maintaining high throughput for pedestrian traffic. Evolv’s core products are used across sectors including education, healthcare, sports and entertainment, transportation, government, and industrial facilities.

The company’s primary revenue drivers include hardware sales, subscription-based software and analytics services, maintenance agreements, and multi-year security platform contracts tied to its screening systems. Its flagship products, including the Evolv Express screening system and associated software platform, are positioned as alternatives to traditional metal detectors by combining sensor technology, artificial intelligence, and cloud-based analytics. Evolv was founded in 2013 and later became publicly traded through a merger with a special purpose acquisition company in 2021, forming Evolv Technologies Holdings, Inc. The company has emphasized scalable AI-based threat detection and operational efficiency as key differentiators within the security screening market.