Briefcam New Outsider CEO Promises Exponential Growth

By: Brian Karas, Published on Jul 31, 2017

Briefcam is now nearly a decade old, having raised over $20 million, to improve investigations and review of video. The company has remained a niche player.

Now, the company has a new CEO, Trevor Matz [link no longer available], from outside the security industry, who has plans to grow the company into new areas/markets.

IPVM spoke with Briefcam's CEO about his plans for the company. In this report, we analyze his perspective on Briefcam, and their challenges in the security market.

******** ** *** ****** a ****** ***, ****** raised **** $** *******, to ******* ************** *** review ** *****. *** company *** ******** * niche ******.

***, *** ******* *** a *** ***, ****** Matz [**** ** ****** available], **** ******* *** security ********, *** *** plans ** **** *** company **** *** *****/*******.

**** ***** **** ********'* CEO ***** *** ***** for *** *******. ** this ******, ** ******* his *********** ** ********, and ***** ********** ** the ******** ******.

[***************]

CEO **********

*** *** ***, ****** Matz [**** ** ****** available], *** ****** ** a ******* ** **** companies, **** ******** ** CEO ** ****-********** ********** company********, ***** *** **** in ******* ****. ** *** *********** to ********'* *******, *** said ** *** **** watching ******** *** * number ** ***** ** the ******* ********* ** grow ** *** ******** market.

Briefcam **********

*** ******* ******** ** 2009, **** ~$*.** *** in *******, ** ****** a "***** ********" ********, designed ** ***** ***** to ******* ****** ******** video *** **** ******* events. *** ******* *** raised **** $***, **** multiple ******* ******, ****** on ********** ******* ** 3 ** *** **** four ***** (****, ****, and ****). *** ** overview ** ********'* *******, see *********** ***** ******** **************.

Briefcam *** *** ****

***** *** **** *** brought **** ********* ** Briefcam's ******** ** ********* a **** ** *** company. ***** ** ** is ****** ******** ** for ** *********** ** stated "********** ***", ****** plans ** ***** *** products ** ******.

Funding ***** ********

******** **** ** ******* additional ***** ** ******* growth, ********* ******** ** happen **** ****/***** ****.

Revenue *** ******

*** ******* ***** *** disclose ******* ****, *** said **** ******** **** 80% ****** ** **** and ***% ****** ** 2018, *** **** ******** of **** **** *** customers ** *** **, which **** ***** ** their ********* ******. ***** the ******* **** ** the ******* (~** *********), and ***** ***** *******, we ***** ******** ******* to ** ***** $*** USD.

Exponential ****** *******

"************* ******* *** ******* over *** **** *** years" ** *** ****** goal. **** ** **** growth ** ******** ** come **** ******* *** new ********, *** ******** larger ***** ** *** US, **** *** *** East ******* ************. *** company ** ******** **:

******** * *** **** comprehensive ***** ********* ******** addressing *** ***** ** a **** ******* ** markets *** *** *****

30% ********* ****** *******

*** ******* *********** ***** from ~** ********* ***, to ~** ********* ** the *** ** ****. When ***** ***** *** completed, ~**% ** *** employees **** ** ** product/engineering *********.

Integration **********

****** ******** ***** ******* technology ******** [**** ** longer *********], **** **** deep ************ **** ****. This ******** ***** *** want ** *** ********'* software ****** **** ***** VMS ****** ** ********'* own ********* ** ***** instances. ******** ********* ********* prefer ** ******** *** number ** ********** **** deal ****, *** ****** to ****** ******* *** discourage *** ** *** product.

** ********** *** ************, the ******* **** ****** "We *** *** ********* planning ** *********** **** the ***-*** ****** ***’*." This ********* ***** ** clear **** **** ** not ****** ** ****** lower-end ******* ** **** of ***** ****** ********, though * *****-***** ******** could ***** **** ** target ***** ********* ******* requiring * ****** ***********.

Briefcam **********

******** ***** ******** **********:

  • *** ******* *** *** be **** ** **** in * ****** *****-***** fashion. **** *** ***** with **** ***** ***** consider ** ***** ***********, Briefcam ***** ****** ** the *** *** ******* video. *** ************* ** integrations ***** **** ********* need ** **** ***** VMS ******** ****** **** can ******** *** ******** will ******* ** ***** environment. *** ******** ** the *** *** *****, means **** ********'* ******* cannot ******* ***** ***** the ******* ******** ****** is **********, ***** *** encourage ********* ** *** off ********* ***** ***** their ****** ** ** and *******.
  • ********** ****** **** ******* the ******** ********, ** Briefcam's *** ***, ***** find *** ******** ** have ******* ****** **** take **** ** ***** understand *** *******. **** will **** ******** ** general, ** ** ****** these ****** ******* ** doing ******** ** *** security ********.
  • ********'* ******* *** **** fairly ********, ****** **** did ******* ***** ****-**** alert ******** ** ***** 2017, *** ******* **** of ***** ******* ****** releases **** **** ****. This ***** ** **** to ****** *** ******** in *** ******* ****** putting * *** ** resources **** *********** ** get *** ********/******** ** market.
  • ********'* *** ** ***** in ******, ***** *** core ** *** ******* is ** ******. ** is ********* *** * CEO ** ** ***** involved, *** ****** ****** within * ******* **** he ** ******* ****** the *****. *** *********** is ******** ***** ** Israel, ***** *** ***** costly *** **********, ** moving *** ******* ** the **, ***** ***** be **** **** ****** and **********.

Briefcam *******

********* ***** *** ** time ********* *** *********** for *********. ****** ******** has *** ******** *** massive ******** **** *** have ***** ***, ***** brand ** **** ********** for ********* ***** ********/******. Advances ** **** ******** are ******* ** *** capabilities ** ***** ********, and ******** ** **** poised ** **** ********* of ****, **** ** their *******, *** ** terms ** ********** ********* investors. ** ******** *** get *** ********* **** need ** ******* *** product, *** **** ***** team, **** *** ** able ** **** ***** exponential ****** **********.

Comments (29)

The usual challenge.

The sales team is told "Bring us the opportunities!"  What they hear is "Bring us opportunities to decline".

This happens with almost all integrations because the risk/reward is hard to calculate.

Chicken, meet egg.

"Though Briefcam has not achieved the massive adoption they may have hoped for"

Although they have a great product and relatively "cost effective" licensing per channel, they position themselves in the high-end projects. They will never be able to target the mass market and lower end (not even low end as in a cheap project, but lower camera count projects) because of their minimum channel licensing policy. It is hard to convince a small site of about 20 cameras to use briefcam when their minimum licensed camera count is so much higher than that, which brings the price of the product to top-tier level, not suitable for the "mass" market.

That is what I think... I could be wrong though... Briefcam know their market better than we do... 

Check FLIR RapidRecap. They launched their service in consumer a while ago.

https://www.youtube.com/watch?v=9-nwfFg5yiI

https://www.youtube.com/watch?v=-xgqlaWnKmo

"they position themselves in the high-end projects. They will never be able to target the mass market and lower end"

 

I think you pretty clear saw that this is FLIR version of Briefcam, which is targeted for any size of project.

I was talking about the pure Briefcam product

AFAIK Briefcam has patents for this; they will probably complain/suit/negotiate;

https://en.wikipedia.org/wiki/Video_synopsis#Patents

anyway, looks like Russians dont care about patents; see http://www.axxonsoft.com/products/axxon_next/time_compressor.php

The full Briefcam product needs to integrate to other VMS platforms to work.  My point was, without those developments it will reduce the ability to grow and this is common in our industry as a limiter. 

I personally was a fan of BriefCam.  It's a solid analytic, that's easy to use and extremely effective for reviewing a day's worth of video in minutes.  I brought them into several end users who were excited about the retail LP benefits.  Whenever it came to pricing, they priced themselves well out of the job, even before I could put my margins into it.  In my opinion if they want to compete, they need to offer large project discounts and competitive pricing to other analytics out there.  

#5, good feedback!

Whenever it came to pricing, they priced themselves well out of the job

I believe that. A fundamental problem i see for them is that they are a separate component that needs to be sold separately, developed separately, integrated independently, etc.

It is too bad that this type of model cannot work economically better as it would allow for more outside innovation and add ons to systems but the way systems are sold and integrated, such add-ons are tough to sell, develop and support separately.

It is too bad that this type of model cannot work economically better

VMS vendors need an "app store", where customers can easily buy/install/manage supported add-ons. Not just a listing of supported 3rd party products where the user needs to contact other companies to even get the software and figure out pricing, but an Apple/Google style app store.

Briefcam could be much more successful in a model where they did not need to have outside sales people, and the associated costs. 

UI#5 We have seen the same thing.  Customers love the demo and the solution but soon as it comes down to the price they can't justify the cost.   We would be way more successful with better pricing. 

Or Avigilon could acquire them and add Briefcam as a feature? I assume you'd approve :)

In all seriousness, Briefcam would be an interesting acquisition target for a larger VMS / video surveillance player that could 'plug' it in.

They are already fully integrated into ACC though most of the interest I have seen is in their standalone version which allows you to pull in 3rd party clips.   

To your price point objection, being owned by Avigilon would almost certainly reduce the total cost.

As for 'fully integrated', is Avigilon's website description wrong?

It implies that searching needs to be done in Briefcam's software?

Correct Breifcam can access the cameras directly in ACC without the need to export video and import it. 

Can you review / play back the synopsis inside of ACC or do you need to use Briefcam software for that?

Briefcam server connects to ACC server and accesses the cameras/recorded video.  You use Briefcam interface to run the synopsis.  

You use Briefcam interface to run the synopsis.

That's not fully integrated into ACC. Having to switch clients is a drawback.

Some people say it is an advantage and others do not.  All depends on how the customer uses the system.   

When you use Avigilon appearance search, do you use an Avigilon appearance search client or is it inside ACC?

Of course, it is inside ACC.

Overwhelmingly, users want video surveillance functionalities within the single video surveillance client, not to switch to other clients for different functions.

I have better things to do than argue with you about how customers use their systems.   I have seen some customers that want everything in one software interface and I have others that absolutely do not want everything in one interface.   I don't care either way as both have advantages and disadvantages.

Mike, you said it was 'fully integrated into ACC'. I have proven you wrong. Can't you just be fair and admit it?

Having sold similar products myself to similar customers I concur with Michael that both ways are acceptable to some customers.

I would add that in order for adoption to be "exponential" it will have to work both ways equally as well. 

What the customer accepts isn't always what they desire.  

Customers manage value for things they accept and pay a premium for things they desire. 

both ways are acceptable to some customers.

But integrated is preferred easily 90% of the time.

Just look at products out there. Companies strive to have as many functionalities into a single client. That's why Avigilon does not give the 'option' of doing live video in one client and search in another client, and appearance search in a third client, and camera configuration in a 4th client, and maps in a 5th client, etc.

And this is not an academic debate - the fact that Briefcam is not fully integrated into most VMSes is a major barrier for their adoption and sales growth.

Price has way more to do with it then integration. 

""the fact that Briefcam is not fully integrated into most VMSes is a major barrier for their adoption and sales growth.""

 

There is more than that. They have 2 versions FS/FS+ (autonomous) and EP/EP+ (integrated in market leaders VMS).

FS series can handle files and EP series can handle streams from VMSs.

Investigation (police/state) forces prefer FS because they are used to work with video footage extracted from any type of NVRs in the course of the investigation process.

Police officers affected to city surveillance prefer the EP series, since it is integrated in their favorite VMS.

Unfortunately, most of the time our clients would prefer to benefit from the features of both the FS and the EP series, which is not possible (except for very large projects???).

This is a major drawback for the adoption of this product in more City surveillance product. Police can only use BRIEFCAM with the cameras already integrated within their VMS. External video footage cannot be processed by BRIEFCAM Syndex EP series. Of course, you can always acquire the FS and the EP, but this doubles the price.

Eventually, I have the impression that the product is more adapted to special forces/ investigation forces, but then it is much more difficult to sell than being on board of large city surveillance projects (even if we have managed to win some together with BRIEFCAM). 

That said, it is a remarkable video analytics product.

The breakthrough they are lacking is the capability to mix information for different cameras. The video synopsis is processed on a single stream-basis. You can not exploit the work done on the synopsis of camera A on camera B. Inter-camera processing would be incredible for investigators!

 

In all seriousness, Briefcam would be an interesting acquisition target for a larger VMS / video surveillance player that could 'plug' it in.

A company who wants too much for its product would want too much for the company ;)

Wow...the new CEO says Briefcam is "absolutely not [for sale]" but then a year later..."SOLD!" Oh, you mean things changed a lot in 12 months....we get it. 

What's up with Briefcam in 2019...?

 

Seems that after decade of hype and smokeware,  Video Analytics is still immature or/and too costly and too kludgy... :(

Login to read this IPVM report.

Related Reports

Start-Ups Online Show May 2020 - On-Demand Recording of 40+ Company Presentations on May 15, 2020
All 40+ presentations can now be watched on-demand, with 20+ hours of...
Cisco Video Surveillance Is Dead, Long Live Cisco Meraki Video Surveillance on Feb 11, 2020
A dozen years ago much of the industry thought that Cisco was destined to...
ZeroEyes Presents Firearm Detection Video Analytics on Jul 09, 2020
ZeroEyes presented its Firearm detection Video Analytics system at the May...
Vivotek Presents AI Analytics and LPR on May 19, 2020
Vivotek presented its AI Analytics and LPR at the April 2020 IPVM New...
PSIM CNL Acquired By Everbridge on Mar 09, 2020
The end has finally come for CNL. Despite for years saying they would...
Camera Course Summer 2020 - Last Chance on Jul 18, 2020
This is your last chance to register for the Summer 2020 Camera Course. This...
Axton Presents Pulsed-Light Illuminators on May 15, 2020
Axton presented Pulsed-Light Illuminators (Pulsar Series), at the April 2020...
Directory of 95 Video Surveillance Startups on May 20, 2020
This directory provides a list of video surveillance startups to help you see...
Video Surveillance History on May 06, 2020
The video surveillance market has changed significantly since 2000, going...
Cisco Acquiring Fluidmesh on Apr 09, 2020
Cisco announced it is acquiring niche wireless manufacturer...
Hanwha Presents AI Analytics and First 8K Camera on May 11, 2020
Hanwha presented their AI Analytics and the "Industry's First 8K" camera at...
GeoVision Presents AI and Facial Recognition on May 22, 2020
GeoVision presented its AI analytics and facial recognition at the April 2020...
Video Surveillance 101 Book Released on Jul 07, 2020
IPVM's unique introduction to video surveillance series is now available as a...
ISS Presents Face As A Credential and UVSS on Apr 30, 2020
ISS presented its security platform, including access control integration,...
LILIN Presents NDAA-Compliant P2 Cameras on May 26, 2020
Merit LILIN presented its NDAA-compliant P2 camera series at the April 2020...

Recent Reports

Taiwan Lilin NDAA Compliant Cameras Tested on Aug 13, 2020
Taiwan-based manufacturer Lilin is taking direct aim at Dahua and Hikvision...
White House Expands Dahua Hikvision Blacklist To Federal Funding on Aug 13, 2020
The White House is expanding the NDAA to blacklist anyone who "uses" banned...
Actual Coronavirus Testing Options Examined on Aug 13, 2020
Fever cameras have emerged as an indirect and flawed way to test for...
Video Analytics Online Show September 2020 Opened - Axis, Avigilon, Bosch, BriefCam, Genetec, Milestone + 30 More on Aug 12, 2020
IPVM's sixth online show will feature 35+ Video Analytics companies...
The German Company Powering Many China Temperature Tablets (Heimann) on Aug 12, 2020
Many fever tablet suppliers market German-made Heimann thermal sensors while...
Salesforce Drops Dahua and Hikvision on Aug 12, 2020
Salesforce has dropped Dahua and Hikvision as customers, forcing the two mega...
Access Control Course Fall 2020 - Register Now on Aug 12, 2020
IPVM offers the most comprehensive access control course in the industry....
Genetec CEO Declares "We Don't Negotiate Payment With Patent Trolls" on Aug 11, 2020
Are patent trolls like terrorists? Genetec's CEO is coming out strongly...
Hanwha AI Analytics Camera Tested on Aug 11, 2020
Hanwha has released their Wisenet P AI camera, adding person and vehicle...
Alabama Schools Million Dollar Hikvision Fever Camera Deal on Aug 11, 2020
The Baldwin County, Alabama public schools purchased a $1 million, 144-camera...
Dahua Taunts Australian Government, Continues To Sell Illegal Fever Cameras on Aug 10, 2020
Dahua is effectively taunting the Australian government by continuing to sell...
HID Releases VertX Replacement Aero on Aug 10, 2020
HID is replacing two established and broadly supported types of access...
NDAA Compliant Video Surveillance Whitelist on Aug 10, 2020
This report aggregates video surveillance products that manufacturers have...
Telpo China Temperature Tablets Tested on Aug 10, 2020
The provider for overseas companies ranging from Canon Singapore to US'...
Dangerous Hikvision Fever Camera Showcased by Chilean City on Aug 07, 2020
Deploying a fever camera outdoors, in the rain, with no black body, is...