Contact Information: Media Contacts: Whitney Glockner 3VR Security, Inc. wglockner(at)3vr(dot)com +1 415 874 2527 Dana Zemack or Leonora Stevens LaunchSquad 3vr(at)launchsquad(dot)com +1 415 625 8555
3VR Security Lands $12 Million in Funding to Expand Company's Leadership in Intelligent Video Surveillance Market
Menlo Ventures-Led Round Targets Fast-Growing Market for Surveillance Platform Solutions
| Source: 3VR Security, Inc.
SAN FRANCISCO, CA--(Marketwire - August 19, 2009) - 3VR
Security, Inc., the searchable surveillance leader, today announced
that it has closed a $12 million Series D round of funding led by Menlo
Ventures. As part of this transaction, Sonja Hoel Perkins, a managing
director of the firm, will join the 3VR Board of Directors.
Founded in 2002, 3VR pioneered the first intelligent video surveillance solution, which
has become a new standard for the security surveillance market. In the past
year, the company has released its
S-Series SmartRecorder, a game-changing new platform surveillance
solution, forged channel partnerships with industry leaders including
Diebold and Ingersoll Rand, and continued to build its base of over 600
customers in industries ranging from retail and hospitality to banking and
government. Today, 3VR leads the market with the largest private facial
recognition deployment in the world, the most accurate facial
surveillance recognition technology and the industry's most sophisticated
integrated video management solution overall.
"This financing is a testament to the burgeoning market for searchable
surveillance solutions and the great momentum we have established in the
industry," said Al Shipp, CEO at 3VR Security, Inc. "The ability to combine
advanced analytics and biometrics into a single surveillance platform with
simple integration options is one of the most significant developments in
the history of the security industry. Comprehensive surveillance platforms
are fast becoming table stakes for any company looking to more efficiently
combat fraud and improve the overall security and profitability of their
operations."
3VR offers a full family of searchable surveillance solutions for
enterprises, from the
E-Series SmartRecorder, the world's most advanced and flexible hybrid
DVR/NVR, to the
S-Series SmartRecorder, a newly released compact, economical and
low-bandwidth video system also built on 3VR's unique searchable
surveillance platform. All 3VR SmartRecorders feature video analytic, data
integration and search capabilities, in addition to advanced motion and
facial surveillance. The solution furthermore features best-in-class
central management options ideal for cost conservative organizations.
In addition to its suite of SmartRecorder intelligent video management
platforms, 3VR also recently released CrimeDex 2.0, a collaborative criminal
data-sharing service that allows criminal investigation organizations to
share information, expedite investigations and prevent fraud and theft.
Featuring unique social networking capabilities and a comprehensive
Web-driven database of complete profiles for more than 14,000 criminal
suspects, CrimeDex fully integrates with all 3VR SmartRecorders.
"In 3VR, you have a company that is offering new levels of innovation while
continuing to provide its customers with the industry's most sophisticated
video management platform overall," said Sonja Hoel Perkins, managing
director at Menlo Ventures. "We have been impressed with 3VR's incredible
momentum, upside potential and ability to deliver completely unique
technology in a broad and fast-growing market."
About 3VR
3VR Security, Inc., the searchable surveillance leader, provides the first
intelligent video management system powered by a search engine with
integrated video analytics. 3VR systems lower physical and operational
costs while dramatically improving the effectiveness and efficiency of
investigations for fraud, theft, and other crimes. Based in San Francisco,
CA, the company is privately held with funding from Kleiner Perkins
Caulfield & Buyers, VantagePoint Ventures, In-Q-Tel, and DAG Ventures. 3VR
is the three-time winner of the SIA best new video product, was named
security product of the year from Frost & Sullivan 2006 and 2007 among
other awards. For more information please visit www.3vr.com.