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 or three percent, it would be able to stop raising money and “not go on the road.” But since then, IPVM has discovered government filings showing that BRS Labs has raised another $25 million this year. In this note, we examine the breakdown of the funding and what this means for the company.
UPDATE: BRS Labs disclosed another $2.2 million in funding plus plans for even more. Read the full update.