BRS Labs Layoffs and Skepticism MountAuthor: 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"
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