BEDFORD, Mass. — With a goal of increasing its growth and product development, IP video surveillance solution provider VideoIQ has raised an additional $3.5 million in Series C funding.
The funds come from exiting investors Atlas Venture, Matrix Partners and Tenaya Capital. Back in September, VideoIQ raised $7.5 million from the aforementioned investors, as well as Cisco.
“By expanding the Series C investment round, we are able to further accelerate our exponential growth by opening additional markets globally. We’ll be able to launch new products faster than ever before,” VideoIQ President and CEO Ed Bednarcik says.
