BriefCam Receives $6.5M From Motorola
FARMINGTON, Conn. — Through its strategic investment arm Motorola Solutions Venture Capital (MSVC), Motorola Solutions has invested $6.5 million in video synopsis solutions provider BriefCam. The funds will be used to expand BriefCam’s worldwide marketing and sales activities.
BriefCam’s video synopsis technology enables the rapid review of captured video — with an index to the original source — for on-the-spot event tracking, forensics and evidence discovery, according to a press release. With the majority of the firm’s customers being in the public safety field, such as police, military, border control and other homeland security agencies, BriefCam representatives expect the deal to bring the company into other markets.
“It is our hope that Motorola Solutions’ experience and global presence opens new opportunities for BriefCam in areas such as public safety, safer cities and law enforcement, as well as enterprise and retail. We expect Motorola Solutions’ global presence will also assist BriefCam greatly in accelerating penetration of new geographic regions where we have not been active to date,” BriefCam President and CEO Dror Irani says.
The deal is Motorola’s third investment in the video surveillance space since 2011, according to Boaz Or-Shraga, managing director of MSVC.
“We have been looking into various companies in the Israeli hi-tech industry, specifically in the area of public safety technologies,” he says. “We were happy to find a great investment like BriefCam to expand our exposure in the growing video space. The substantial growth in the amount of surveillance videos created each year provides new opportunities for public safety and other industries, and we’re glad to seize such an opportunity.”
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