Vara Safety

Private

Albany, New YorkConsumer & Commercehttps://varasafety.com/

Last Round

Grant

Sep 19, 2022

Total Funding Raised

$1.7M

Company Overview

Vara Safety is a consumer technology company that develops biometric-controlled firearm storage solutions, including handgun and long gun safes designed for rapid access.

Sector

Consumer & Commerce

Verticals

Consumer Electronics, Home & Lifestyle, D2C Brands

Business Model

B2C

Customer Profile

Hardware Sales

AI Layer

Non-AI

Keywords

biometric firearm storagebiometric gun saferapid access safefingerprint gun safesmart gun safehome defensefirearm securityhandgun storagebiometric authenticationnear-field communicationNFCradio-frequency identificationRFIDgun lockchild safety

Historical Pricing

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Vara Safety Comps

Public and private peers based on sector, stage, and business model.

Vara Safety comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Vara Safety Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Grant	Sep 19, 2022
Seed	Oct 11, 2018
Grant	Sep 24, 2018
Grant	Sep 24, 2018
Grant	Sep 24, 2018
Grant	Apr 1, 2016

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Key People

Founding team and executive leadership

Timmy Oh

Founder & CEO

Founding Team

Vara Safety Investors

Notable investors and investment history

Vara Safety investors
Investor	Rounds
Smart Tech Challenges Foundation	Grant
FuzeHub	Grant
U.S. Department of Veterans Affairs	Grant
New York Business Plan Competition	Grant

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Vara Safety Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Vara Safety Filings

SEC and related filings with document metadata.

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Firmographic Details

HeadquartersAlbany, New York

Employee Range5

Year Founded2016

Last FundingSep 19, 2022

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