Vidsys Hangs On, Gets $11M New Funding

Author: Brian Karas, Published on May 16, 2016

The founder of Vidsys claims to have invented the term "PSIM" in 2005, and for some time, many thought that PSIM was going to be the new VMS.

Over the next decade, several competitive PSIM companies arose, and then faded, got acquired for low valuations (ADT/ProximexNICE/OrsusVerint/Rontal),or are still available for purchase.  Meanwhile, Vidsys continued on.

We spoke with founder/CEO James Chong about Vidsys's latest funding of $11M, and their new term, "CSIM".

*** ******* ** ****** ****** ** **** ******** *** **** "PSIM" ** ****, *** *** **** ****, **** ******* **** **** *** going ** ** *** *** ***.

**** *** **** ******, ******* *********** **** ********* *****, *** then *****, *** ******** *** *** ********** (***/************/***********/******),** ******** ********* *** ********.  *********, ****** ********* **.

** ***** **** *******/******** ********** ******'* ****** ******* ** $***, *** ***** *** ****, "****".

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

Funding ******

****$*** ************* ****** ** **** $*** ** ***** ******* **** *** **** 10 *****, * *********** ****** ** ***** *** * ********-**** product, *** * **** ****** ******** ** *** **** ******** market ***** ** ** *** $*** ******* ****** ******* ***** globally, ******* * ****** ** **** *** *******.

** ********* ** ******* *********, ** ** **** *** ** up ***** ** **** ***** **** ********.

****** **** **** ****** ***** ** ******* **** ***** ** ******* sales *** ********* *****, *** **** ***** **** *** ****** be *** ***** ************ ** *** *******. **** **** **** us *** ***** ** ******** ** ** **** *** ************. 

Vidsys ******* ********

**** ***** *** ********* ** ****** ******* ** ****** ** deployments ** ****, ****** ******** ** ******* *** *******.

Middle **** ********* ** ***** ******** ******

****** *** **** **** **** **** *********** *********** ********** *** ****** East, *** ** **** ** *** ** *** ***** ******* with ********* **** ** ***** **** ***.

*** ****** **** ****** *** **** ***** **** **** ***** and ******** ******** **** *** **** ******* *****, *** *** contributed ** ******* *********' *******.  **** *** ******* ****** ********* *********** in *** ****** **** ** ***** ** **** ********* *******.

CSIM ** *** *** ****

****** ** *** ********* "********* ******** & *********** **********", ******. ********* ** ******, **** **** ** ****** ****** ******** devices ** *** ******* *** ********** ****** ** *****.

****** *** ******* ** ***, *** ******* ** *********** *** same ** ****: **** ** **** **** ******** *******/*******, *** correlate **** **** ** *****.

******' ******* ********** *** ******* ** "**********" *****-***** *********, ***** given ***** ***-***** ** ** ******** **** ** **, ******* the ******* ****/**** ******** ** ******** ** ******* ***** ******** platforms.

PSIM/CSIM ****** *******

** ********** ****** *** ****/**** ********* ** ****** ********** **** overall.  *** ********** ** ****** *** ********* ****** ** **** large/complex ***********, ***** ****** *** *********** ****** ************* ** ******** willing ** ***** ******* ** $***,*** *** **** ** ****** a ********** ******.

****** ******* **** **** ** *********** ****** ** *** ******, ** they *********** *** ******* **** *** ******* ***** ************ *** this ***** ** **** ** ****** ***** *** *********.

****** ****** ******** ********* **** ********* ** *** ** *** few ******* ******** (********** ********) **** ********* **** ********.

Comments (3)

****** *** **** ** **** ** ***** ** *** **** salary. **** ***** ******* **** ********* ***** ****** ** ********* that ** *** ** **** ****** **** ** ******* ** demand.

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

********* *** ******** *** **** * ***, *** *** * startup-ish ******* **** ****** *'* ****** *** *** ****** ** be ****** $**** ****, **** **** ******* *** ******* ***** numbers ** ***** ******* (********** ******, ***.) **** ***** *** another ~$**** ********.

**** ***** ** ********** **** **** *** ********* **** **** terms **** **** **** *********** **** * ******* ****** ** return ** *** ***** ** ** **** (** ******* ********** is *** ********).

** *** ** **** ** ****** *** ******* **** *** pitch ***, ** **** *** ********* ****** *** ** *** given *******, *** * ***** *** ***** ** **** *** IoT ********** ***** **** ****** **** *** ********* ****. *** has **** * *** ***** *** ** ***** *** **** few *****.

** ****** ** ****** **** ***, ** *****, * ***** custom *********** ***********, *** ****** *** ***** ********* ***** ** the ******** ** ***** ******* *** *********** ***********.

******* **** *** ******* **** "******" **** "*****"....

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