Tag: Financing
Smartvue gets $15m for IoTV play (Internet of Things Video)
April 29, 2015Martha Entwistle
NASHVILLE, Tenn.—Cloud video surveillance provider Smartvue announced this week that it secured $15 million in financing from Fortress Investment Group, a $67 billion firm.
I spoke to Martin Renkis, Smartvue founder and CEO, this morning and asked him what Fortress, which typically works with much larger companies, saw in Smartvue. Fortress likes Smartvue's vision of being "a major cloud platform in the video surveillance services business," Renkis said.
"[Fortress] saw what we saw,...
Pivot3 closes $12 million round
August 13, 2014Martha Entwistle
AUSTIN, Texas—Storage provider Pivot3 on August 7 closed a $12 million funding round which will be used for “product development, sales and marketing," Pivot3 CEO Ron Nash told Security Systems News.
The round was led by S3 Ventures, a new investor in the company. S3 Ventures managing director Brian R. Smith has joined the Pivot3 board. Also participating in the round were InterWest Partners and Mesirow Financial.
Pivot3 also hired Mike Dansby as VP and CFO.
Since Nash took over...
Interface raises $115m
June 4, 2014Martha Entwistle
ST. LOUIS—Interface Security Systems, an integrator that offers physical security with managed network solutions in a bundled service, has raised $115 million to fund growth that includes adding an important new retail customer.
“Unlike the $230 million bond that we completed in January, that was substantially a refi, � this latest financing is truly growth capital,” Interface CEO Michael Shaw told Security Systems News on June 2.
Shaw said he could not name the major new...
Is Avigilon in a buying mood again?
March 18, 2014Martha Entwistle
Avigilon will soon have more cash for purchases.
The HD surveillance provider on March 17 increased a previously announced financing to $100 million (Canadian).
The official statement said that the “company intends to use the net proceeds from the offering for general corporate purposes and for potential strategic acquisitions.”
I have a call in to Avigilon to see if they'll comment on why they're increasing the financing.
The offering is expected to close just after...