Revelations of problems and concerns with video analytics up-start BRS Labs is mounting. An investigative report by the Houston Chronicle on BRS Labs reveals:
- In October, "BRS laid off 10 employees who worked on product development to cut costs" (despite $47 Million in investment)
- The company has "has earned less than $500,000 in revenue" and the "company's largest sale so far totaled $78,000" (again, despite $47 Million in investment)
- Two of BRS Labs CEO's previous start-ups went out of business with one violating SEC procedures and the other "accused of being unfairly favored for the contract by the city's then technology director"
Be Careful About BRS Labs
Integrators and end users should be careful about accepting the extreme claims of BRS Labs. As the Houston Chronicle report shows, layoffs, poor revenue (even for the video analytics market) and a questionable track record signal significant risk.
4 reports cite this report:
BRS Labs Is Gone; Giant Gray Is Here
on Mar 28, 2016
BRS Labs is no more. After raising over $100M and years of outrageous claims, the company is effectively starting over.
In the report, we examine...
The State of the VMS Market 2010
on Sep 12, 2010
Video Management Software is undergoing a violent transformation. Evolving from its niche beginnings, VMS has matured into a core component of...
Other Reports on BRS Labs
BRS Labs Raises $18 Million
on May 14, 2015
Let the money flow.
After a few years of relative quiet, BRS Labs is back fund raising in a big way, with ~$18 million coming in.
We break down...
BRS Labs Gets New CEO
on Feb 03, 2015
BRS Labs, who claims to be preparing for a public offering in the next few months, has hired a new CEO.
In this note, we look at the transition...
The BRS Labs IPO
on Aug 06, 2014
BRS Labs is IPOing.
Maybe. Probably Not.
The TV Interview
This started with a Fox Business News TV segment with BRS Lab's...
BRS Layoffs and New Strategic Direction
on Jul 18, 2013
BRS Labs' new press release trumpets bringing their 'technology to new markets.' Inside the release, they note that they are embarking on "a new...
Responding to BRS Labs Demands
on Jun 20, 2013
Earlier this month, we read a BRS Labs document detailing the company’s historical performance and future plans. On June 10th, we reached out to...
BRS Labs Ambulance Chases Mass Stabbing
on Apr 08, 2013
BRS Labs is wasting no time responding to today's Texas Tragedy. Their PR agency is imploring 'security industry journalists' to understand how BRS...
BRS Labs Wins 'Most Desperate' Award
on Nov 14, 2012
The least respected award in all of surveillance - BRS Labs has now bought won it. When struggling manufacturers need a shot of fake authenticity,...
Most Recent Industry Reports
ADI Now 'Manufacturing' Metal Detectors
on May 27, 2016
ADI aims to be far more than just a distributor.
ADI launched W-Box which started as a collection of basic "everyday" products - low-cost cameras,...
Negotiating Discounts From Manufacturers
on May 26, 2016
Is there room for just a little more discount in your purchase order?
This report outlines some common tactics that often work, and do not work,...
Ring Pro Tested
on May 26, 2016
This year, Ring received $61.2 million more of VC funding.
For a video doorbell.
The video doorbell market is evidently hot but how good are...
Arecont Stellar Camera Tested
on May 25, 2016
STELLAR (Spatio TEmporal Low Light ARchitecture) technology that dramatically increases low light performance to capture color...
Weekly Sales Meetings Are Harmful
on May 24, 2016
Sales managers under pressure often resort to weekly team meetings as a way to try and drive revenue and keep the sales team on track. This...