VideoIQ's Series C Funding Examined

Author: John Honovich, Published on Feb 22, 2010

In February 2010, VideoIQ announced $6 Million in new funding. This investment adds to the $18 Million invested in 2007 and 2008, after the company was spun out of GE Security. In a briefing, VideoIQ mentioned that the funding would be used for general growth of products, production and sales. VideoIQ reports they have not determined whether they will seek an additional round after this.

In the announcement, VideoIQ disclosed that they have approximately 500 partners/integrators worldwide and gained 220 new end-user customers in 2009. They characterized this as "dramatically expanded [their] customer base." Driving growth, they cited their iCVR product, an offering that combines a camera, video analytics, storage and VMS into a single appliance.

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