Wireless video surveillance is one of the most difficult niches in the industry.
Tens of millions have been wasted trying to build a wireless video surveillance winner. The most famous, of course, was Firetide, who failed, despite more than $50 million in funding.
Now, an Israeli company, Siklu, has taken in $18 million, aiming at the video surveillance market.
In this note, we examine the company's positioning and why this big bet is likely to be a big failure.