Subscribe to RSS - Motorola Solutions Venture Capital

Motorola Solutions Venture Capital

PSIM providers raises $15.6 million

 - 
Monday, July 29, 2013

PSIM provider VIDSys announced last week that it’s raised $15.65 million in one equity financing.

The investment was lead by NewSpring Capital. Previous investors Atlanta Equity, Flybridge Capital Partners, JVax Investment Group and Motorola Solutions Venture Capital also participated in the round.

I have a call into VIDSys and hope to speak to someone tomorrow about what the company plans to do with the new funds.

NewSpring Capital, is based in Radnor, Pa. It invested through its technology and business services growth equity fund, NewSpring Growth Capital. Marc R. Lederman, NewSpring general partner, has now joined the VidSys board of directors.

VIDSys' PR folks said that CEO Michael P. Jackson wasn't available for a call. They provided me with this prepared statement: “VidSys will use these funds to help grow and scale the company on a global basis beyond our existing footprint. ... We will also invest in further development of our core software ... for our public sector and enterprise clients.”

MicroPower gets $5.7m investment

Ultra-low power wireless surveillance provider goes after new vertical markets
 - 
07/29/2013

SAN DIEGO—Wireless surveillance provider MicroPower Technologies announced today that it has a new $5.7 million round of equity financing, which it will use for R&D and to expand into more vertical markets.

Motorola makes $6.5m investment in BriefCam

 - 
Wednesday, March 13, 2013

Video synopsis provider BriefCam has a brand new $6.5 million investment led by Motorola Solutions Venture Capital, the investment arm of Motorola Solutions.

I spoke to Droro Irani, CEO and president of BriefCam today who told me this is a Round 3 investment for Briefcam, but that  Motorola is a new investor and new strategic partner for BriefCam.

Irani is excited about the investment and the fact that Motorola joined “forces with us on the business side.” Motorola signed a worldwide reseller agreement with BriefCam. While the investment arm and business side of Motorola are separate businesses, the deals happened at about the same time, Irani said.

The new funds will be used to expand BriefCam’s presence in the U.S., China, South Asia, and other locations where Motorola has a presence.

BriefCam has “a lot of customers on the safe city [vertical] in the U.S.,” Irani said. He expects Motorola to introduce BriefCam to its many customers who work on “similar government-related projects,”

BriefCam’s flagship product is the Video Synopsis solution which enables the quick review, analysis and indexing of video surveillance footage.

Irani said BreifCam has had a lot of success in the U.S. and China with its “on demand” concept.

“The mindset and technology is still led by the U.S., and in China, there’s been a dramatic increase in the use and budget [for] public safety [installations],” he said.

The company has “several installations that include thousands of cameras and the new architecture allow us … to support really big installations like those that are typical in safe city installations,” he said. On the commercial side, BriefCam is looking to grow in the hospital, higher ed and critical infrastructure verticals. BriefCam and partners will be showcasing its solutions at ISC West, he said.

The funding round included participation from all of BriefCam’s exisiting investors. Another new investor is Hebrew University. “In a way it closes the circle,” Irani said. “Our IP comes out of Hebrew University and now [the university’s fund] decided to join in.”

 

MicroPower Technologies gets $6.5m from Motorola

Cameras are solar-powered and completely wireless
 - 
01/11/2012

SCHAUMBURG, Ill. and SAN DIEGO—Jonathan Siann, founder and CEO of solar-powered, wireless surveillance provider MicroPower Technologies, says his company’s mission “is to change the economics of camera deployment,” and he now has $6.5 million in capital to achieve that goal.

Motorola Solutions Venture Capital looks to invest in security

 - 
03/24/2011

SCHAUMBURG, Ill.—Motorola Solutions Venture Capital announced last week that it’s interested in investing in “five or six more start-up companies,” and physical security companies are definitely under consideration, Reese Schroeder, managing director of Motorola Solutions Venture Capital, told Security Systems News.