VideoIQ Secures $7.5 Million in Series C

VideoIQ, in video surveillance, has raised $7.5 million in a Series C funding from Atlas Venture, Cisco, Matrix Partners and Tenaya Capital.  

The additional funds will be used to further accelerate the company’s growth and product development.

Unlike conventional IP video systems, which face significant bandwidth and storage challenges, VideoIQ’s iCVR cameras and encoders store video in up to 500GB of onboard storage for months of continuous recording, while at the same time reducing network traffic and bandwidth consumption by more than 90 percent.  

VideoIQ’s all-in-one solutions deliver up to full 1080p high-definition video and calibration-free adaptive analytics to provide perimeter protection for critical infrastructure, commercial and industrial facilities.

"Pairing advanced video analytics with distributed storage has allowed us to develop the most intelligent and network efficient IP-based video solution on the market," said Ed Bednarcik, president and CEO of VideoIQ. "This combination makes it dramatically easier for corporations and critical infrastructure customers to protect their facilities and expand the use of their existing networks without saturation or bottlenecks."

Morgan Keegan & Company, Inc. served as exclusive advisor and placement agent to VideoIQ in the transaction.