The BRS Labs IPO

By: John Honovich, Published on Aug 06, 2014

BRS Labs is IPOing.

Maybe. Probably Not.

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

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

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

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

**** ******* **** * Fox ******** **** ** segment **** *** ***'* President. * ******* *****-***** conversation, ** *** ***, the *********** ********** ***, "When *** *** ***** public?" ** ***** ** responds, "** *** ***** to ** ****** ***** around *** ******. ** are **** ******* ***** the ****** ********* **** potential *******."

**'* * ******* ***** answer. ******* ******** ******* committing ** *********, ********* it **** ***** **** 'potential' *** ***** ********** like '****** *** ******'.

Doubling ****

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

**** **** ***, *** Labs ***** *** ** email ***** ******, "**************** ****** *** **** that ******* ** ***** public **** ****** ** interview ** *** ****".

**** *** **** ***, BRS **** ***** *** another ***** ***** ****** definitively, "**************** **** ******* **** Go ******," *********** *** same *****.

** **** **** ** hours, *** **** **** friendly ****** ***** * 'potential *******' ** ** official ************.

Details ** *** *** / *** *******

*** **** **** ** they *** *** ********* any *********** ***** ******** timing ** ********** ******* typically ********** **** **** (e.g., ** **).

*******, *** **** *** told *** ******* ******** News **** ***** ****** IPO **** ** ****** a **** **** *** (June **, ****), **** BRS ***'* *** ********** ******* **** ************ *** * *** headquarters. ***** * ****** of ******** ****** **** than * ****.

An *** ***** ** *****

*** **** *********** ** *********, **** ** **** have ******** **** **** 5 ***** ***. ** IPO ***** ***** **** to **** ***, * liquidity ***** **** **** been ******* *** ***** BRS **** ******* *** idea ** **** **** they***** ** ******** *** a ******* *******. **** *** *** happened.

*** ** ** ********* time, ** *** ***** market *** **** ** a **** ******* *****, with ******* *****. ******* of ****, ********* ***** likely ** **** ********* to * *******, ******* company. ** *** ******** observed,**** *** *** *** most **** ***** *** Dot-Com ******.

But ** ***** ** ****

********** ** *** ** stock ******, **** **** to ******* *********** ******* levels ($*** ******* ** more ** ****** ******). Also, ********* **** ** want ********** **** **** proven ****** ******** ** their **** *******. *** does *** *** ******.

*** ****, ******* **** proclamations, *** **** ********* with ******* **********. *** example,** ****, **** ******* ** be "******* ** **** $200 ******* ** *****" but ******* ********** ** obtained ****** **** $***,*** in ***** *** ****.

***** **** *** ***** exponential ****** *** **** so, ******** **** * sub $* ******* **** in ****, ****'* * long *** ** ** to *** ** *** revenue ****** ********* ***'*** typically ****.

****, ** *** **** year, *** **** *** pivoted **** **** *** former ********** ******** **** market ******* ************ **** / *** users *** ***** *******. This ********* *** **** as ********* ****** *** a **** ***** ****** of ******* / ********** in ***** *** *******.

Hold ** - *** ** ***?

*******, ** *** **** former *** **** *** Houston ******** *****:

"*** **** ** ***** exploring ********* ******* *** its ****** ********, ******* it ** * ****** public ********, ** ** IPO."

** ** ***** *** actually ** * '****' traditional, **** *** **** on *** *****, ***. They ***** ****** ** a ******* *** ** well.

Good ********* **** *******

******* ** *** **** happens, **** ** * good ******** ********* **** as ** **** ****** excited *** ****** *** concerns ***** *** **** struggles ** *** *******.

Update: *** *** ** ******

*** ************, *** **** has *** **** ****** and ** ** **** their ****** **** ** June **, ****. *******,*** **** ****** $** million ** ****** **** from *** **** ***** of ******* ******* *********.*** ******* ********* ** show ** ** * master ** ******* ***** from *** * *** 'investors' *** *** ***** yet ** ******* * liquidity *****.

Comments (9)

Well.. about Brazil it is a really bold claim... we have absolutelly no info about that project that was supposedly deployed here... especially if it was related to the world cup... We do know about every public surveillance projects in Brazil and BRS was never mentioned in any...

Does anyone know if there was any deployment in Brazil or was this just more BRS BS?

BRS laBS sure wanted us to believe that they were deployed before the games even started.

AISight is currently deployed and operational at the Integrated Management Center to provide enhanced security and emergency management operations in support of the upcoming 2014 Games taking place June 12th through July 13th, 2014.

And there was a need

The Brazilian government was expecting problems and prepared for anti-government protests in advance, opting to deploy video surveillance cameras for enhanced safety and security. Their decision had been to implement BRS Labs’ AISight platform, an advanced system with analytics software that uses Behavioral Recognition technology to provide proactive insights to identify potential threats sooner than they happen.

So what happened?

Unfortunately the tournament started with hundreds of protesters in Sao Paulo, vowing "There Will Be No Cup," as soccer-loving enthusiasts roamed the streets, prior to the game between Brazil and Croatia. The scene, with police officers firing tear gas at anti-World Cup protesters just hours before the opening match, was horrific, to say the least, for those spectators or fans awaiting kick-off in Sao Paulo stadium. Brazilian police clashed with about 200 protesters who are angry with the government overspending on the World Cup.

If they weren't actually deployed, it's too bad; maybe they could have helped prevent it. But if they were deployed, then apparently they couldn't anyway..

#bubblepoppingsoon

I wonder what exchange they will IPO on, but I really doubt they meet NASDAQ basic requirements.

OV 2.0....

Btw, the reference to BRS considering a direct public offering is .... strange.

Here's a interesting NY Times article about the type of companies doing direct public offerings.

Investors must be tired of management. IMHO, an indicator of a power struggle is when a CEO abrubtly quits without a replacement, yet remains Chairman of the Board!

Even if he's not really running the company anymore it looks better to wait till they have the new CEO on deck and announce at the same time if at all possible.

#bubblerisingso?

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 on Video Analytics

Wyze AI Analytics Tested - Beat Axis and Hikvision on Jul 17, 2019
$20 camera disruptor Wyze has released free person detection deep learning analytics to all of their users, claiming users will "Only get notified...
Ivideon Russian VSaaS Profile on Jun 27, 2019
Ivideon was an early VSaaS entrant, initially focusing on the consumer market, claiming massive growth to IPVM in 2014. We spoke to Ivideon, to...
Directory of 59 Video Surveillance Startups on Jun 25, 2019
This directory provides a list of video surveillance startups to help you see and research what companies are new or not yet broadly known. 2019...
Repositionable Multi-Imager Camera Shootout - Avigilon, Axis, Dahua, Hanwha, Hikvision, Panasonic, Vivotek on Jun 19, 2019
Repositionable multi-imager cameras are one of the fastest growing segments in video surveillance, with a slew of new offerings being recently...
Startup Vaion Launching End-to-End AI Solution Backed with $20 Million Funding on Jun 17, 2019
An EU / USA video surveillance startup, Vaion, founded by ex-Cisco Senior Directors is launching an end-to-end VSaaS platform with $20 million in...
Sighthound Transforms Into Enterprise AI Provider Profile on Jun 14, 2019
Sighthound is now rapidly expanding its R&D team, building an enterprise AI service. This may come as a surprise given their origins 6 years...
Embattled $400 Million China Funded Philippines Surveillance System Proceeds on Jun 13, 2019
An embattled 12,000 camera surveillance system project that will cost ~$400 million will proceed.  The project contract was awarded, had its...
Carnegie Mellon AI Startup Zensors Profile on Jun 11, 2019
Zensors is a startup formed by Carnegie Mellon graduates from a Carnegie Mellon research project, offering customized models per camera that they...
Directory of 30+ VSaaS / Cloud Video Surveillance Providers on Jun 07, 2019
This directory provides a list of VSaaS / cloud video surveillance providers to help you see and research what options are available. 2019 State...
Hikvision DeepinMind 2019 Test on Jun 06, 2019
In 2018, Hikvision's DeepinMind AI NVR performed terribly, recognizing vehicles, animals, and other objects as humans, misclassifying demographics,...

Most Recent Industry Reports

Wyze Disruptive AI Analytics Tested on Jul 17, 2019
$20 camera disruptor Wyze has released free person detection deep learning analytics to all of their users, claiming users will "Only get notified...
Anyvision Aims For 2022 Revenue of $1 Billion on Jul 17, 2019
Only 3 video surveillance manufacturers do a billion dollars or more in annual revenue - Hikvision, Dahua, and Axis. Now, Anyvision plans to join...
HD Analog vs IP Guide on Jul 16, 2019
For years, HD resolution and single cable signal/power were IP camera advantages, with analog cameras limited to much lower resolution and...
How To Troubleshoot Wiegand Reader Problems - Inverted Wiring on Jul 16, 2019
Wiegand is the dominant method of connecting access readers, but problems can arise for installers. In fact, one of the most difficult reader...
ZeroEyes Gun Detection Startup on Jul 16, 2019
A gun detection video analytics startup, ZeroEyes, is being led by a group of 6 former Navy SEALs, aiming to "save lives" by using AI to assist...
Motorola Acquires Watchguard, Adds to Vigilant And Avigilon on Jul 15, 2019
2 years ago, Motorola had no position nor relevancy to video surveillance. Now, they own major video surveillance, LPR and body camera providers...
Hikvision Global News Reports Directory on Jul 15, 2019
Hikvision has received the most global news reporting of any video surveillance company, ever, ranging from the WSJ, the Financial Times, Reuters,...
Vivotek Trend Micro Cyber Security Camera App Tested on Jul 15, 2019
Vivotek and Trend Micro are claiming five million blocked attacks on IP cameras, with their jointly developed app for Vivotek cameras. This new...
Beware African 50,000 IP Camera Contract Scam on Jul 12, 2019
A “Nigerian Prince” scam for the video surveillance market is going around. You, or at least we, could be lucky enough to be the single bidder for...
Axis ARTPEC-7 P1375-E Camera Tested on Jul 12, 2019
Axis claims the new P1375-E box camera with ARTPEC-7 chip delivers "clear, sharp images in any lighting condition." But how well does it do? We...

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