Envysion's Funding and Financial Progress Examined

Author: John Honovich, Published on Dec 22, 2010

In this note, we examine managed video provider Envysion's recent fund raising and financial progress, including details from a conversation with Envysion. Of particular interest is Envysion's atypical fund raising pace and revenue/business model.

Since starting in 2006, Envysion has raised approximately $17 Million USD. In the last investment announced on their website, Envysion disclosed $3 Million in new funding in 2008. Since then, SEC Form D filings document $2.3 Million raised in October 2009 and an additional $1 Million in November 2010.

Commenting on the pace of funding, Envysion noted, "We have always been a very conservative fund raiser, bringing in only what we think we need or can make good use of in the near future; Given our existing investors, who management has worked with across multiple companies, are all fully active and have participated 100% pro rata in every round we have a strong position in that we can self-fund our growth without having to seek external capital, adding cash to fund growth opportunities as we identify them."

Envysion reports that they are growing strongly, "doubling key metrics year over year and making very good headway in new verticals." Envysion noted examples including medium sized retailers, service providers (such as hair salons) and convenience stores. Additionally, Envysion notes that they are close to cash flow positive and are using the additional funding to accelerate sales expansion.

If Envysion is close to cash flow positive, this would be both impressive and notable. Envysion sells managed DVRs at a relatively low cost (usually under $2,000) plus ongoing monthly managed service charges. As such, Envysion's revenues are much less front weighted than traditional DVR/VMS offerings, making it more challenging to quickly reach cash flow positive position. Envysion's progress may be a milestone for the emerging cloud surveillance market. That noted, their approach (of providing managed video rather than hosted) is different than the overwhelming majority of VSaaS providers

2 reports cite this report:

DTT Surveillance Solution Examined on Jan 14, 2011
In this note, we overview the products and market positioning of DTT Surveillance, a US company providing an end to end surveillance/POS solution...
Investments & Acquisitions Directory 2011 on Dec 26, 2010
This directory provides a single source of information on funding and acquisitions in the video surveillance market. It is part of our Video...
Comments : PRO Members only. Login. or Join.

Related Reports on Funding

Rare Video Surveillance Fundraising - Verkada $15 Million on Apr 19, 2018
Fundraising in video surveillance (and the broader physical security market) has been poor recently. Highlights are few and far in between...
3VR Firesale to Identiv on Feb 07, 2018
A decade ago, 3VR raised more than $60 million to deliver facial surveillance and video analytics in a '3rd generation' video recorder. Now, 3VR...
Dahua's Car Manufacturer Raises $63 Million on Feb 01, 2018
Not only has Dahua's car manufacturer raised $63 million USD, one of the best VCs in the world led the round. Is Dahua's car manufacturer ready to...
The 2018 Surveillance Industry Guide on Jan 16, 2018
The 300 page, 2018 Video Surveillance Industry Guide, covering the key events and the future of the video surveillance market, is now available,...
Honeywell Crowdfunding Bombs on Nov 08, 2017
100,000+ employees and $40,000,000,000 in annual revenue. That's Honeywell. ~200 backers and ~$67,000 in funding in a week. That's Honeywell...
Assa Abloy Acquires August on Oct 25, 2017
The mega access control manufacturer, Assa Abbloy, has acquired one of the most well funded access control startups, smart lock...
Verkada, Silicon Valley VSaaS Startup, Targets Enterprise on Oct 19, 2017
Verkada says they are building an enterprise-class VSaaS offering, calling it "The new platform for video security". This is a departure from the...
Knightscope Rockets To $20 Million Funding on Oct 03, 2017
Knightscope is celebrating. 15 months after running over a child and 3 months after a Knightscope robot drowned, Knightscope is having the last...
Knightscope Raises $10 Million With $3,320 Average Per Investor on Aug 17, 2017
Congrats to Knightscope. And condolences to their legion of little investors. Knightscope has disclosed they have raised $10+ million from their...
Briefcam New Outsider CEO Promises Exponential Growth 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...

Most Recent Industry Reports

Last Chance - April 2018 IP Networking Course on Apr 19, 2018
Today is the last day to register for our IP Networking course. Register now. NEW - 2 sessions per class, 'day' and 'night' to give you double...
Rare Video Surveillance Fundraising - Verkada $15 Million on Apr 19, 2018
Fundraising in video surveillance (and the broader physical security market) has been poor recently. Highlights are few and far in between...
'Best In Show' Fails on Apr 19, 2018
ISC West's "Best In Show" has failed. For more than a decade, it has become increasingly irrelevant as the selections exhibit a cartoon level...
Security Camera Cleaning Frequency Statistics on Apr 18, 2018
150+ integrators told IPVM how often they clean cameras on customer's sites and why.  Inside we examine their answers and break down feedback...
Worst Access Control 2018 on Apr 18, 2018
Three access control providers stood out as providing the most problems for integrators. In this report, we analyze the answers to: "In the...
Axis VMD4 Analytics Tested on Apr 17, 2018
Axis is now on its 4th generation of video motion detection (VMD), which Axis calls "a free video analytics application." In this generation, Axis...
Arecont CEO And President Resign on Apr 17, 2018
This is good news for Arecont. Arecont's problems have been well known for years (e.g., most recently Worst Camera Manufacturers 2018 and starting...
Strong ISC West 2018, Says Manufacturers, GSX / ASIS Expected Weaker on Apr 17, 2018
Manufacturers say ISC West 2018 was strong, continuing the trend we have seen in 2017 results and 2016 results. However, those same 100...
Key Control For Access Control Tutorial on Apr 16, 2018
End users spend thousands on advanced systems to keep themselves secure, but regularly neglect one of the lest expensive yet most important aspects...
Best and Worst ISC West 2018 on Apr 16, 2018
ISC West 2018 had strong attendance, modest overall new products, and a surge in Artificial Intelligence marketing. First, here are 20+...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact