Razberi Technologies Raises $3.5M in Series A Funding
The maker of the ServerSwitch appliance also appoints security industry veteran Ken Boyda to its board of directors.
Razberi Technologies has received a $3.5 million capital investment led by Texas-based LiveOak Venture Partners.
CARROLLTON, Texas – Razberi Technologies, a provider of network video solutions, announces it has raised $3.5 million in capital led by Texas-based LiveOak Venture Partners and appointed security industry veteran Ken Boyda to its board of directors.
The $3.5 million in Series A funding will support product development and business growth for Razberi, whose ServerSwitch appliances combine an NVR, a PoE switch, storage and open-platform video management software (VMS) into one solution.
“We’ve had great success in bringing the revolutionary Razberi model to the physical security market and we’re excited that LiveOak Venture Partners has joined us to support our exponential growth,” says Razberi CEO Tom Galvin. “Our success with our innovative Razberi ServerSwitch over the last three years has taken us to the next stage. We are at a point where outside investment for new products and marketing is necessary to sustain our rapid growth. The depth of experience from our new board members is a huge asset as we move forward to expand our product portfolio and market reach.”
Boyda, an SSI Industry Hall of Fame inductee, will serve as non-executive chairman of Razberi’s board of directors. His heralded industry resume includes serving as president and CEO of GE Security and president, CEO and director of Interlogix, which was acquired by General Electric in 2002.
“The acceptance by the industry’s leading VMS providers speaks to the value Razberi provides, and the opportunity to advance the video platform the security industry uses. I look forward to working with the Board, Tom, and his executive team to accelerate Razberi’s rapid growth and innovation,” Boyda says.
Other new Razberi board appointments include: Jiri Modry, entrepreneur and security industry innovator who co-founded one of the original DVR companies, Impac Technologies, that was acquired by Interlogix; LiveOak Venture Partners Co-Founder Ben Scott; and Krishna Srinivasan, whose experience prior to LiveOak includes Austin Ventures and Motorola.
“We like to back companies with great teams with strong domain knowledge and approach to disrupt large multi-billion dollar markets,” says Srinivasan. “Razberi’s execution and growth in a short period of time is clear evidence of all of those traits and we look forward to building the next successful company in the physical security market.”
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