BRS Labs, the most discussed recent entrant into the video analytics market, has received another $12 Million USD in funding, increasing their total capital raised to $47 Million USD. The investment is from private equity (not from VC firms).
BRS Labs aims to intelligently alert on threats without rules programming. Read our competitive analysis of BRS Labs' technology and positioning. With their recent funding, BRS Labs announced today that they have hired an EVP for Sales and will build a full fledged sales organization.
BRS Labs has added new demonstrations of their technology. Here's a particularly interesting example of detecting a backback instantly at less than .5 lux.
How Well Does this Work?
The above demo is either (A) a revolutionary breakthrough in video analytics or (B) an extremely creative use of video editing software.
I remain skeptical until I see independent proof of these claims. As we examined in our Intelligent Video Market analysis, the video analytics market is struggling. Has BRS Labs really solved the problems hindering the rest of the market?
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