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

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

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

Genetec Mission Control Tested on Jul 13, 2017
Genetec continues to move up market with their Mission Control, "Decision Support System", bringing PSIM-like procedures and incident management to...
OnSSI Gets $16 Million Funding on Jul 11, 2017
OnSSI has had a rollercoaster past few years. Between acquiring VMS company Seetec, breaking up with former OEM partner Milestone and a rocky...
Resolver Raises $20M For Acquisitions on Jun 29, 2017
Resolver has closed a $20M funding round, and has several acquisition targets lined up already. Industry people might better now Resolver from PPM...
Milestone / Canon Launch Cloud Startup Arcus Global on Jun 27, 2017
Milestone has spun off a business, Arcus Global, funded by their parent company Canon. The new company aims to transform the VSaaS market with an...
ESX 2017 Final Show Report on Jun 16, 2017
The ESX (Electronic Security Expo) day 3 / Thursday is done and the exhibits are over. IPVM was in Nashville covering it in-depth. Below covers...
Anomaly Analytics Developer iCetana Raises $6M For US/Europe Expansion on Jun 12, 2017
Australian-based iCetana says their GPU-based anomaly detection analytics are proven and ready to expand globally. To do that, they have raised $6M...
ShotSpotter IPOs, Facing Low Revenue and Losses on Jun 09, 2017
A rare event for North American security manufacturers has happened. ShotSpotter has IPOed on the NASDAQ, raising $30.8 million. US IPOs,...
Mobotix Owner Ups Investment In Knightscope on Jun 06, 2017
Knightscope is asking for investments from literally anyone, with a public "mini-IPO". Recently the company secured some additional funding from...
Jeff Bezos-Funded Deep Sentinel Security Startup on Jun 05, 2017
Deep Learning is a rising trend in many commercial security products, and now one entrepreneur wants to bring deep learning to residential...
Tyco PSIM Proximex End of Life on Mar 06, 2017
The end of life for Tyco's PSIM Proximex is here, with no more product releases coming and 3 years of remaining support. Inside this post, we...

Most Recent Industry Reports

Security Robots Are Just Entertainment on Jul 21, 2017
Great entertainment, no real security value.  That is the happy (or sad) state of security robots in 2017. Knightscope robot's drowning, the...
Wireless Burglar Alarm Sensors Guide on Jul 21, 2017
Wireless sensors for burglar alarm sensors are an increasingly common option for the historical labor intensive wired alarm systems. However,...
Competing Against ADT on Jul 20, 2017
ADT is one of the biggest players in the security industry, with ~$4 billion revenue. In 2017, they were acquired / merged with Protection...
Hikvision Launching Deep Learning Recorders on Jul 20, 2017
Hikvision has become a common choice for super low cost NVRs. Now, Hikvision is aiming to move up market, with deep learning NVRs that claim far...
PR Campaign Exploiting Manufacturer Cybersecurity on Jul 20, 2017
Manufacturers increasingly have a bulls-eye on their back. As cyber security solutions providers grow, they realize a great way to get publicity...
Axis Door Station Tested (A8105-E) on Jul 19, 2017
Axis continues their push into niche markets, especially audio, with network speakers, an IP horn, and video door stations. We bought and tested...
Manufacturer Favorability Guide on Jul 19, 2017
This 120 page PDF guide may be downloaded inside by all IPVM members. It includes our 20 manufacturer favorability rankings and 20 manufacturer...
$8 Billion Utility Georgia Power Enters Surveillance Business Offering Avigilon And Genetec on Jul 19, 2017
Utilities are typically considered major customers of surveillance integrators but one utility, Georgia Power, with $8+ billion in annual revenue...
Knightscope Laughs off Robot Drowning on Jul 18, 2017
A day after a Knightscope robot drowned, Knightscope has issued an 'official statement' making fun of the issue: The implied message is that...
Microsoft Video AI Cloud Services Examined on Jul 18, 2017
Microsoft has released one of the most amazing video analytics marketing videos ever. In it, they detect oil spills, track individual people giving...

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