TimeSight Raised New FundingBy John Honovich, Published Dec 01, 2010, 07:00pm EST
A November 2010 SEC document [link no longer available] discloses that TimeSight, a NVR manufacturer offering storage optimization [link no longer available], has raised new funding. TimeSight confirmed the funding in an email, noting that, "the largest percentage of the round will be used for sales & marketing, with a lesser percentage used to bring additional development talent on board for some roadmap items we have defined for 2011-12."
The SEC document reports slightly over $2 Million in funding from 2 investors. Previous fund raise was 5 months previously, in June 2010, for $1.25 Million.
TimeSight definitely is benefiting from the ongoing migration from analog to IP. However, their initial go-to-market advantage was based heavily on storage cost savings from using MJPEG megapixel cameras. Now, of course, almost all MP cameras use the far more storage efficient H.264. For background, read our TimeSight product evaluation metrics.
[Update 2012: TimeSight is out of business.]
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