Prism Skylabs, a cloud-based service that enables business owners to use data from existing video surveillance cameras for business intelligence, marketing and other purposes, is looking at doing a $10 million Series B funding round, according to a report published on PE Hub today.
I emailed Steve Russell, Prism Skylabs CEO and founder of 3VR, this morning to ask when the new funding round would happen. He didn't give me an definitive answer, but said he'll keep me posted.
The PE Hub report was a glowing review of Ron Palmeri of MkII Ventures. Palmeri co-founded Prism Skylabs with Russell and is involved in a number of other non-security ventures. In that report, Palmeri is quoted as saying that Prism Skylabs "is probably worth about $80 million."
SAN FRANCISCO—Prism Skylabs, a startup company that "leverages data from existing video surveillance cameras to unlock information on customer patterns, trends and behaviors," on Oct. 16 announced it had raised another $7.5 million in funding.
Prism Skylabs has raised another $7.5 milliion in funding, the company announced today. Here's a link to the story. I've put a call into founder Steve Russell, (also founder of 3VR) and expect I'll get a chance to speak to him in the next few day. Prism Skylabs, which offers a cloud service that "leverages data from existing video surveillance cameras to unlock information on customer patterns, trends and behaviors", was launched just before ASIS 2012. Here's an ssnTVnews video interview I did with Steve Russell at ASIS 2012, where he talks about the company, and its first investment round ($1.5 million from the SV Angel, Yuri Milner, Eric Schmidt, Aaron Patzer, Brad Garlinghouse, CrunchFund and others)