Congratulations to our client, 3VR, who last week announced $12 million in new funding from Menlo Ventures — a testament to the growing market for searchable surveillance solutions and incredible momentum the company has established in the security industry.
Started five years ago, 3VR makes searchable surveillance technology that is used by big banks, cities, hotels and retailers to more effectively solve fraud, theft and other crimes. 3VR essentially does for video what Google did for the Web and what TiVo does for television — organizing unstructured data to drive smarter, more effective applications. In this case, the application is video surveillance.
Today, the company has more than 600 customers, a who’s who in retail and banking (including the governments of Chiapas and Korea), and is the video surveillance platform of choice for leading security channels including Diebold, Ingersoll Rand and others. 3VR also leads the market with the largest private facial recognition deployment in the world, the most accurate facial surveillance recognition technology and the industry’s most sophisticated integrated video management solution overall.
Please see our previous blog post, “3VR: The New Wave of Crimefighting“, for more information on the company, or click through to In Hard Focus, the founder’s blog, for further insight into surveillance and security industry trends.