Maker of School Security Systems Sued in Class Action Over AI-Powered Detection Claims

A federal class-action securities fraud lawsuit against Evolv Technology accuses the global company of deceiving investors and school districts with false claims about its “AI-powered” weapons detection system. The 39-page complaint was filed on March 25 in the U.S. District Court in Massachusetts. The deadline for additional plaintiffs to join was May 24. Lead plaintiff Gerald Raby, an investor, alleges that this advanced security system did not function as efficiently as even the simplest low-tech metal detector despite its claims, as cited in court papers: “Evolv is the global leader in AI-based touchless security screening. “Unlike conventional walk-through metal detectors, our products use advanced sensors, artificial intelligence software, and cloud services to reliably detect guns, improvised explosives, and large knives while ignoring harmless items like phones and keys....