Nashville-based wireless video surveillance systems company Smartvue Corp., has raised $1.75 million in new funding, according to company founder Martin Renkis.
Four investors contributed to the raise, including Nashville resident and economist Art Laffer, who is one of three directors listed on the SEC filing.
Eventually, the company plans to raise $3 million in new funding, Renkis (pictured) said.
The funding will be used mainly to add engineering and sales staff. Relatedly, Smartvue is moving from Belle Meade into an office building located near the Haywood Lane and Interstate 24 interchange. The move is slated to take place Feb. 1.
“This funding supports our next step in building the world’s largest cloud surveillance network as we continue our exponential growth," Renkis said.
Local security and surveillance video technology company Smartvue Corp. has launched Smartvue S9i, with the cloud-based server to be unveiled this week at the 2013 International Security Conference in Las Vegas.
TheS9i is powered by Intel and Microsoft Windows Azure.
“S9i enables organizations to cost-effectively deploy and centrally manage thousands of surveillance servers and cameras worldwide,” Martin Renkis, Smartvue founder and CEO, said in a release.
John Deatherage, Intel director of product marketing, said the new cloud-powered platform is suited for those entities seeking video surveillance for multiple-location businesses.
S9i supports "plug and play" integration for more than 300 cameras from multiple vendors and runs on almost any browser on Windows and Apple computers with no software to install. Its “point and click” configuration allows users to integrate cloud-powered video surveillance using existing networks, hardware and infrastructure.
It’s not exactly like waiting for the next version of Microsoft Windows, but it’s close.
Nashville-based video surveillance technology provider Smartvue Corp. on Monday released Sharevue 2.0, its latest cloud-based technology offering, at the 11th International Cloud Expo in Santa Clara, Calif. There, Smartvue Founder and CEO Martin Renkis presented his idea that cloud-based incident video could be shared simultaneously and in seconds with a large group of users.
“For over a decade, Smartvue has made the world a safer place with its cloud-powered video surveillance," said Renkis. "The new value in the video surveillance cloud is collaborative sharing — enabling customers with cameras and video management servers installed around the world to quickly, easily, and securely share video to collaborate on business and security intelligence."
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