3VR Security Infused With $12M of New Capital
3VR Security Inc. has acquired $12 million in Series D funding from investors led by Menlo Ventures. As part of this transaction, Sonia Hoel Perkins, a Menlo managing director, will join the 3VR board of directors.
The private equity stake will help 3VR Security expand its offerings of searchable surveillance products and technology, according to the company.
“This financing is a testament to the burgeoning market for searchable surveillance solutions and the great momentum we have established in the industry,” says Al Shipp, 3VR Security’s chief executive. “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.”
In the past year, 3VR has released its S-Series SmartRecorder platform surveillance solution, forged partnerships with Diebold and Ingersoll Rand (IR), and continued to expand its base of more than 600 customers.
3VR also offers the E-Series SmartRecorder hybrid DVR/NVR, in addition to its S-Series SmartRecorder, a compact, economical and low-bandwidth video system that’s also built on 3VR’s searchable surveillance platform. The devices feature video analytics, data integration and search capabilities, in addition to advanced motion and facial surveillance.
In addition to its suite of SmartRecorder intelligent video management platforms, 3VR has also 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 social-networking capabilities and a Web-based database of profiles for more than 14,000 criminal suspects, CrimeDex fully integrates with all 3VR SmartRecorders.
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