BRS Labs Layoffs and Skepticism Mount

Author: John Honovich, Published on Dec 04, 2009

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:

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Other Reports on BRS Labs

Months After Raising $18 Million, BRS Labs Has a New, New CEO on Oct 01, 2015
They have raised more money than any video analytics company ever, with well over $100 million total, including their most recent $18 million...
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. [premium_content] 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...
BRS Labs Financials and Future Examined 2013 on Jun 26, 2013
BRS Labs is one of the most ambitious companies in the surveillance market. While the company has aggressively touted its achievements, IPVM's...
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 Big Fund Raising: $27 Million + More To Come on Apr 28, 2013
Last year we obtained an email BRS Labs sent to investors asking for one last drive. The company said if investors increased their positions by two...
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BRS Labs is wasting no time responding to today's Texas Tragedy. Their PR agency is imploring 'security industry journalists' to understand how BRS...
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