- Evolv Technology (EVLV, Financial) partners with Cosm to deploy AI-based screening systems in LA and Dallas.
- Partnership initiated in December 2024 aims to enhance security for major events.
- Expansion supports Evolv's presence in key metropolitan markets.
Evolv Technology (EVLV), a leader in AI-powered security solutions, has entered a strategic partnership with immersive entertainment company Cosm. This collaboration will see Evolv’s Express® screening systems deployed at Cosm's initial venues in the Los Angeles and Dallas metro areas. Initiated in December 2024, the partnership is designed to provide rapid, secure, and convenient entry screening for large-scale events, complementing Cosm’s innovative 'Shared Reality' immersive experiences.
This development further bolsters Evolv's existing market presence, with its Express systems already operational at key venues in the Los Angeles area such as SoFi Stadium, Crypto.com Arena, the Hollywood Bowl, and Honda Center. By enhancing venue security with its advanced technology, Evolv continues to establish itself as a pivotal player in the sports and entertainment sectors.
Evolv's collaboration with Cosm not only aligns with its strategic growth objectives but also reinforces its commitment to transforming security standards in high-profile settings. While this partnership is unlikely to have an immediate substantial financial impact on Evolv's market cap of approximately $550 million, it strategically positions the company for future growth, adding to its impressive track record of over a billion people screened since 2019.
