SOURCE: 3VR Security, Inc.

3VR Security, Inc.

August 19, 2009 08:00 ET

3VR Security Lands $12 Million in Funding to Expand Company's Leadership in Intelligent Video Surveillance Market

Menlo Ventures-Led Round Targets Fast-Growing Market for Surveillance Platform Solutions

SAN FRANCISCO, CA--(Marketwire - August 19, 2009) - 3VR Security, Inc., the searchable surveillance leader, today announced that it has closed a $12 million Series D round of funding led by Menlo Ventures. As part of this transaction, Sonja Hoel Perkins, a managing director of the firm, will join the 3VR Board of Directors.

Founded in 2002, 3VR pioneered the first intelligent video surveillance solution, which has become a new standard for the security surveillance market. In the past year, the company has released its S-Series SmartRecorder, a game-changing new platform surveillance solution, forged channel partnerships with industry leaders including Diebold and Ingersoll Rand, and continued to build its base of over 600 customers in industries ranging from retail and hospitality to banking and government. Today, 3VR 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.

"This financing is a testament to the burgeoning market for searchable surveillance solutions and the great momentum we have established in the industry," said Al Shipp, CEO at 3VR Security, Inc. "The ability to combine advanced analytics and biometrics into a single surveillance platform with simple integration options is one of the most significant developments in the history of the security industry. Comprehensive surveillance platforms are fast becoming table stakes for any company looking to more efficiently combat fraud and improve the overall security and profitability of their operations."

3VR offers a full family of searchable surveillance solutions for enterprises, from the E-Series SmartRecorder, the world's most advanced and flexible hybrid DVR/NVR, to the S-Series SmartRecorder, a newly released compact, economical and low-bandwidth video system also built on 3VR's unique searchable surveillance platform. All 3VR SmartRecorders feature video analytic, data integration and search capabilities, in addition to advanced motion and facial surveillance. The solution furthermore features best-in-class central management options ideal for cost conservative organizations.

In addition to its suite of SmartRecorder intelligent video management platforms, 3VR also recently released CrimeDex 2.0, a collaborative criminal data-sharing service that allows criminal investigation organizations to share information, expedite investigations and prevent fraud and theft. Featuring unique social networking capabilities and a comprehensive Web-driven database of complete profiles for more than 14,000 criminal suspects, CrimeDex fully integrates with all 3VR SmartRecorders.

"In 3VR, you have a company that is offering new levels of innovation while continuing to provide its customers with the industry's most sophisticated video management platform overall," said Sonja Hoel Perkins, managing director at Menlo Ventures. "We have been impressed with 3VR's incredible momentum, upside potential and ability to deliver completely unique technology in a broad and fast-growing market."

About 3VR

3VR Security, Inc., the searchable surveillance leader, provides the first intelligent video management system powered by a search engine with integrated video analytics. 3VR systems lower physical and operational costs while dramatically improving the effectiveness and efficiency of investigations for fraud, theft, and other crimes. Based in San Francisco, CA, the company is privately held with funding from Kleiner Perkins Caulfield & Buyers, VantagePoint Ventures, In-Q-Tel, and DAG Ventures. 3VR is the three-time winner of the SIA best new video product, was named security product of the year from Frost & Sullivan 2006 and 2007 among other awards. For more information please visit www.3vr.com.

Contact Information

  • Media Contacts:

    Whitney Glockner
    3VR Security, Inc.
    wglockner(at)3vr(dot)com
    +1 415 874 2527

    Dana Zemack or Leonora Stevens
    LaunchSquad
    3vr(at)launchsquad(dot)com
    +1 415 625 8555