Thursday, July 10, 2008

VideoIQ, Inc. is the technology leader in intelligent video surveillance solutions

What Company Is Offering:

VideoIQ, Inc. is the technology leader in intelligent video surveillance solutions. VideoIQ uses superior analytics to transform video surveillance into a dynamic, real-time system that delivers early warning of security breaches, fast appearance-match video search, and new levels of video quality, network and storage efficiency. The VideoIQ iCVR is the industry's first intelligent Camera with Video Recording - with advanced video analytic detection and search, content-aware storage and intelligent networking embedded inside a state of the art security camera. Additionally, the VideoIQ HD family of video analyzers delivers the industry's best detection accuracy for conventional analog cameras of all types, requiring human response only when a real event takes place.

How Much They Got From VCs:

VideoIQ?, Inc. announced that it has closed $10 million in a Series B funding round, led by Lehman Brothers Venture Partners and with participation from existing investors Matrix Partners and Atlas Venture. As part of the investment, Brian Paul, a partner at Lehman Brothers Venture Partners, will join VideoIQ's board of directors. The new round of funding will be used to fuel VideoIQ's market expansion and continue product development of its line of intelligent video surveillance offerings.

"Over the last decade, demand for physical security solutions has skyrocketed. IP video surveillance and video analytics are seen as the future of the industry, yet no vendor has been able to deliver solutions that overcome the large network and storage requirements, unreliable detection, and high costs that have stood in the way of widespread use," said Brian Paul, partner, Lehman Brothers Venture Partners. "VideoIQ is changing all of that. It is revolutionizing the industry by enabling companies of all sizes to cost-effectively implement intelligent video surveillance, in which analytics is not just an 'add on' but rather the foundation that drives the benefits of the entire system. We are excited to work with VideoIQ to make intelligence part of every surveillance system out there."

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