Today, our portfolio company Multitude Insights announced that it has closed a $10M Series A led by Primary Venture Partners. We participated alongside Counterview Capital, VSC Ventures, NEC Orchestrating Future Fund, Alumni Ventures, E62 Ventures, and Craig P. Abod of Carahsoft Technology.
We led Multitude’s seed round and continue to believe they are building a generational venture. Here's why.
18,000 agencies, outdated coordination
America has roughly 18,000 law enforcement agencies. They all generate crime intelligence: suspect descriptions, modus operandi, vehicle details, investigative leads. And they share it through bulletins, the same way they have for decades.
The problem is that almost all of this intelligence lives in PDFs, emails, and fax machines. Only about 5% ofbulletins ever get opened. The rest sit in inboxes, unsearchable. When a detective in one jurisdiction spots a pattern, the officers in the next town over who need that information often never see it.
There has never been a system that captures this data, structures it, and makes it searchable across jurisdictions at a national scale. That's what Multitude built.
A network business built on proprietary data
This is what got our attention. Multitude isn't building software for police departments. They're building the rails to move highly sensitive, non-public law enforcement data between agencies, and assembling a structured crime dataset that has never existed before.
Their platform, BLTN, takes unstructured bulletin data and turns it into structured, machine-readable intelligence that can be searched and shared in real time across departments. Their AI, SmartLink, sits on top of that dataset and identifies connections between cases across jurisdictions that no human analyst could find manually.
Why we invested
They own a dataset that didn't exist before. Street-level crime intelligence, structured and searchable at national scale. That data is the foundation for everything they build next.
The business compounds. Every agency that joins the network adds data. Every bulletin that enters the system makes the AI better. And agencies that plug into BLTN aren't just getting a tool. They're getting access to a growing national intelligence network. That's a different business than selling software to one department at a time.
Real traction with the people who matter most. Former Boston Police Commissioner Ed Davis, who serves as an advisor to Commonweal, immediately understood the value of the product when we approached him for diligence, and that view has since borne out as BLTN is adopted by police departments nationwide.
We're proud to back Matt White, Aki Izu, and the entire Multitude team.
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