VideoIQ Secures $7.5 Million in Series C FundingAdditional funding will be used to accelerate rapid growth and new product development
September 12, 2011
VideoIQ, the leader in video surveillance innovation, today announced that is has raised $7.5 million in a Series C funding from Atlas Venture, Cisco, Matrix Partners and Tenaya Capital. The additional funds will be used to further accelerate the company’s rapid growth and product development.
Unlike conventional IP video systems, which face significant bandwidth and storage challenges, VideoIQ’s iCVR cameras and encoders store video in up to 500GB of onboard storage for months of continuous recording, while at the same time intelligently reducing network traffic and bandwidth consumption by more than 90 percent. VideoIQ’s all-in-one solutions deliver up to full 1080p high-definition video and calibration-free adaptive analytics to provide unmatched perimeter protection for critical infrastructure, commercial and industrial facilities.
“Pairing advanced video analytics with distributed storage has allowed us to develop the most intelligent and network efficient IP-based video solution on the market,” said Ed Bednarcik, president and CEO of VideoIQ. “This combination makes it dramatically easier for corporations and critical infrastructure customers to protect their facilities and expand the use of their existing networks without saturation or bottlenecks.”
Morgan Keegan & Company, Inc. served as exclusive advisor and placement agent to VideoIQ in the transaction.
VideoIQ is the leading innovator in intelligent video surveillance. VideoIQ’s award-winning IP surveillance cameras and encoders include the most advanced, adaptive analytics in the industry, onboard NVR storage and enterprise class video management. Now, VideoIQ is delivering a new standard in high-definition surveillance, with zero bandwidth recording and full high-definition analytics. VideoIQ’s simple and powerful surveillance solutions allow customers to pro-actively secure their most important assets across commercial, education, industrial, transportation, telecommunications and government markets. Learn more at www.videoiq.com today, or follow us on Twitter @VideoIQ.