Invest in a Video Surveillance Storage Startup - Secure Logiq

By: John Honovich, Published on Nov 06, 2014

Did you miss out on making millions investing in Intransa or Pivot3?

Well, here is a limited opportunity to get in on an up and coming video surveillance storage startup.

And you can invest less than $250.

*** *** **** *** on ****** ******** ********* in********** ******?

****, **** ** * limited *********** ** *** in ** ** ** and ****** ***** ************ storage *******.

*** *** *** ****** less **** $***.

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

The *****

*** ******* *************.

**** ***** ** ****** performance:

"***********’* ******** ***** ** least ****** ********/*********** ***** ** ************ available ** **** *******"

**** **** ***** ~**% gross ******* ** ***** storage *******.

** **** * *****, they ******* ***** **** basically ******* ** $**+ million ****** *******, **** net ******* ** ~$* million, *** *** ******* of ~**%

********* **** ******** ******* ****.

Dell / ** *** *** *** *******

**** ***** ********** *** the ***** ******** **** Dell *** ** *** 'not *** *** *******'.

The ***********

***** *** *** ** the ****,*** *** ****** ** Secure*****.

**** ** ***** *****, which ** *********** (*** will ****** ****** **** it ** **** **):

******* ********** ** **** 150 *** ($*** ***).

** *** ****** *** GBP ($*** ***) ** more, **** **** **** you **** ***** *** badge.

*** ******* ******** *** pin ** "**** **** pride ** ******** ****** and ***** *****".

The *********

*** ******* ** ******* itself ** ~$** ******* USD. **** ************ ***,*** *** ************* **** *% ** the *******.

The **********

***** *** **** *** challenges:

  • *********** ****** ******** **** spent * ******* ******* dollars ****** ** ** this.******** ** ******* ****** ** ******* close ** *** ************, still ******* ******* **** money. *** *** ****** Logiq ******* ***** ***** have ******?
  • **** ** ******* / server ********* ***** '****** sauce' *** *** *********** improvements *** **** *** skeptical, ******* ***** ** efforts.
  • **** *** / ******* are **** **** **** enough *** *** * to ** ****** *********** that *** *** ***** share ** *** ******.
  • ********** ~**% ******* ** storage ******* ** ****** impossible, ********** ***** **** plan ** *** ***** products ** *** *********. The ****** *** '*****' is *** *********** ** support **** ******* *** price *******.

** *** ******** ****, they **** *** ****** with ******** *********** / experience. *** ***** ******** was ********** ** [**** no ****** *********]******** [**** ** ****** available] *** *** ******** Director *** ******** ** Honeywell [**** ** ****** available].

What ** *** *****?

Comments (21)

Quite the motley crew. "..., and so for that reason, I'm out."

another shark tank fan... love it...

Pooka beads on a Sales Director? In a funding pitch? I'm out.

class 10 party foul

I thought it was $2.50. I'm out.

They deserve a lot of credit for taking this approach. Interesting market segment that is underserved. Question is - will F1000's , Govt & EDU pull away from HP & Dell? I think the smart ones will.

In my opinion, the camera work and editing techniques are a bit unprofessional and disconcerting. In one scene, Robin Hughes stares off into space (or perhaps reading his script) whilst (British word) the camera floats around him. No eye contact with the camera and therefore with his audience. I agree with the statement that we will either love or hate the video. I fall into the latter camp.

I've found a crowd funding campaign that, at least to me, is better-produced and, at the very least, much more heart-warming:

Carl, I think that was definitely a professionally produced video. The various angles, frequent cuts, choreography, green screen, etc. are signs of professional production.

Of course, that does not mean one is going to like the style, which I believe is your issue.

I am torn about liking or disliking it, but it was entertaining and, for that reason, I watched it.

If you want a real home made video, here you go:

That is nice, but it's Crowdfunding - Indiegogo VS. Equity Crowd Funding. In Equity Crowd funding the video needs to capture your attention and tell you how much $ and what's in it for you long term. Indiegogo Crowdfunding is more like donating without equity, so I think both videos serve a similar purpose with very different campaign approches to different types of investors.

They are both professional

Both the Secure Logiq and Cat Emporium vids are well-produced, albeit in very different styles. I think the too-hip style of SL's is a mis-fit for the serious money and product they are discussing. Too much 'cool', I think, detracts from the financial and technical messages and practically begs for a personal critique. It's just too much style over substance.

AV's is more serious, as it should be, but dry and amateurish. It weakens their message. My $0.02

Lots of nice marketing wording and data sheets on their site but no concrete technical info.

Would like to see hard info on:

1.- Designed and tested for many NVMS platforms
2.- Saves power - power saving components
3.- Simplified system architecture
4.- 750Mbps throughput

$24M valuation for a business that had cash of £371 and net worth of £6942 at the end of last year. Too ambitious for me.

My background is in storage where I spent the last 30 years of my life. I helped build the first tiered storage solution in 2000. In recent years I have been building tiered based storage systems for many clients and have just built my first solution for a Milestone Customer.

In my opinion, the Secure Logic solution is "hot air". If they are successful it will only be because the security industry has not been paying attention to the storage industry over the last 10 years. Their highest rating machine runs at 2000mbps which sounds big but in storage terms that is only 250MB/sec which is no big deal. The tiny little Promise RAID 5 arrays can already do 150MB/sec and the tiered storage arrays that we build can do 1250MB/sec made up of enterprise class SSD's and RAID 6 arrays (tiered using a Unix Kernel). The tiered storage approach not only allows higher write throughput but also allows almost unlimited Read throughput so gone are the days of worrying about how many clients are attached to your system.

The one thing they don't mention is how their "super servers" decode all the H264 streams that come into these servers for standard VMS tasks such as movement detection etc. No mention of Intel QSV or related technologies.

Don't waste your money. What they are offering now in 2014 might have been good in 2004 but not now. Sounds like all they are doing is a clever rebranding exercise ie the boxes they built weren't fast enough so they thought they would find an industry that didn't know any better.

Shame on you Secure Logic!

Intransas debacle is enough for me to look elsewhere and away from storage companies - there is money to be made in security, but I just dont see this as the venture that screams success.

Hi Guys, comments seem to be pointing at the video which they could have been done better, thus taking the peoples attention away from what they are offering. All I can say is that I have seen the servers in action. We had to have a factory acceptance test for a Data centre. Servers were Raid 6 with hotspare- battery for raid. Raid 1 on SSD for OS. The requrement was only to achieve 500 Mbps, which the system did. Also the raid rebuild time was tested and this was around 50 % quicker than other rebuilds I have seen. I also witnessed a server at 2000 mbps and viewed their health utlility tool which was an Easy to view Gui to view a lot of data that most could understand. They passed the FAT and have been installed in the data centre. Reaons for that? performance, less Hardware and less Power, Better price. 3 years warranty and Advance replacement offered. I have dealt with Dell, HP, Pivot 3 and all I can say is they are worth having a look at.

Btw, one point of clarification on the valuation.

In the UK, it appears they offer some incredible tax credits that make the actual cost of investment / loss potential much less.

An excerpt on what EIS offers UK investors:

The UK government set up the Enterprise Investment Scheme in 1994. Today, it offers a number of tax breaks to investors who buy shares in small, private companies:

  • You get income tax relief of 30 per cent. So if you invest £10,000 in a company that is eligible for EIS, you can knock £3,000 off your income tax bill in the year that you invest.
  • You’ll pay no capital gains tax on any profits you make from an EIS investment. So if you invest £10,000 and five years later sell your shares for £20,000, you’ll get the full benefit of the £10,000 profit, saving you at least £1,800.
  • If you make a loss on your investment, you can offset that loss against income tax. So let’s say you lose your entire £10,000 investment. Because of income tax relief, your actual loss is only £7,000 (£10,000-£3,000). So you can, if you choose, reduce your taxable income for the year in which you disposed of the shares by £7,000, resulting in a saving of £2,800 (40 per cent of £7,000) for a higher-rate taxpayer. If you want to offset your loss against other capital gains in the normal way, you can do this instead.

John, first you need to correct the spelling- it's Secure Logiq, not Secure Logic. This is the 21st century spelling where "q" always replaces the "c".

Second, if this "News" publication says one should invest in Secure Logic, it has to be safe, doesn't it?

Secure Logiq Supporting Growth with Crowdfunding Initiative - Security News Desk

LinkedIn Promotion

Lol, fixed.

More importantly, time is running out and I only see 3 backers and you are not one of them!

How do you know I'm not using an alias, or the Anonymous? I could be if they accepted my $2.50.

And one of the 3 backers is a director of the crowdfunding site (maybe part of the deal when you list).

Just 5 days left, even after they extended the deadline, still only 4 total backers.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

The Fastest Growing Video Surveillance Sales Organization Ever - Verkada on Apr 17, 2019
Verkada has the fastest growing video surveillance sales organization ever. In less than 2 years, they already have more salespeople in the US...
Qognify Dropping Seetec and OnSSI Brands on Mar 01, 2019
Qognify is dropping both the Seetec and OnSSI brands, just over 2 months after acquiring OnSSI / Seetec and a week after sweeping cuts to the...
Verkada Gets Half Billion Dollar Valuation on Apr 26, 2019
Last week, when we profiled Verkada (The Fastest Growing Video Surveillance Sales Organization Ever - Verkada), we predicted they would raise $40...
Knightscope Adds Just 2 Total Customers In Past Year, Yet Raising Money at $300 Million Valuation on May 02, 2019
This is no longer funny. While Knightscope has laughed it up promoting robot selfies, joking about a 'suicidal robot', the man who attacked a...
Genetec Beats Milestone For IHS #1 on Jun 21, 2019
For years, Milestone has touted that they are the #1 VMS. Now, Genetec has beaten them in IHS rankings. But what is this? Even other manufacturers...
OpenALPR Doubles Prices on Jun 06, 2019
There is no 'race to the bottom' in cloud / AI video surveillance. In May, Verkada increased their prices. Now, OpenALPR is doing the same with a...
Giant Tyco Campaigns Against Startup Qumulex on Jul 25, 2019
One is a giant conglomerate that owns the world's largest security integrator. The other has no shipping products. But Tyco is campaigning...
Milestone Has Problems on Oct 01, 2019
Milestone has problems. While the company previously excelled in the shift to IP cameras, as IP has matured and competitive differentiation has...
Resideo CEO To Step Down on Dec 03, 2019
Resideo's CEO, Mike Nefkins, is stepping down, just 18 months after being brought in to lead the now plagued spin-out. Inside this note, we...
The Battle For the VSaaS Market 2020 - Avigilon, Arcules, Eagle Eye, OpenEye, Qumulex, Tyco, Verkada on Jan 13, 2020
While VSaaS suffered from inflated expectations in the 2010s, 2020 marks a new decade and a much stronger competitive position for VSaaS vs...

Most Recent Industry Reports

Axis and Genetec Drop IFSEC 2020 on Jan 23, 2020
Two of the best-known video surveillance manufacturers are dropping IFSEC International 2020, joining Milestone who dropped IFSEC in 2019. The...
Multipoint Door Lock Tutorial on Jan 23, 2020
Despite widespread use, locked doors are notoriously weak at stopping entry, and thousands can be misspent on locks that leave doors quite...
Avigilon Shifts Cloud Strategy - Merges Blue and ACC on Jan 23, 2020
Avigilon is shifting its cloud strategy, phasing out its Blue web-managed surveillance platform as a stand-alone brand and merging it with its ACC...
Verkada Paying $100 For Referrals Just To Demo on Jan 22, 2020
Some companies pay for referrals when the referral becomes a customer. Verkada is taking it to the next level - paying $100 referrals fees simply...
Camera Analytics Shootout 2020 - Avigilon, Axis, Bosch, Dahua, Hanwha, Hikvision, Uniview, Vivotek on Jan 22, 2020
Analytics are hot again, thanks to a slew of AI-powered cameras, but whose analytics really work? And how do these new smart cameras compare to top...
Intersec 2020 Final Show Report on Jan 21, 2020
IPVM spent all 3 days at the Intersec 2020 show interviewing various companies and finding key trends. We cover: Middle East Enterprise...
Vehicle & Long Range Access Reader Tutorial on Jan 21, 2020
One of the classic challenges for access control are parking lots and garages, where the user's credential is far from the reader. With modern...
Clearview AI Alarm - NY Times Report Says "Might End Privacy" on Jan 20, 2020
Over the weekend, the NY Times released a report titled "The Secretive Company That Might End Privacy as We Know It" about a company named...
Favorite Camera Manufacturers 2020 on Jan 20, 2020
The past 2 years of US bans and sanctions have shaken the video surveillance industry but what impact would this have on integrators' favorite...