3VR Secures $17 Million in Funding to Bring Intelligent Video Search to Broader Market

Global leader in intelligent video search and analytics concludes record year with funding and new addition to the management team.

2010-12-24

SAN FRANCISCO, CA, December 24, 2010 (Press-News.org) Today, 3VR Security, Inc., the global leader in Intelligent Video Search and Analytics, announced that it has closed a $17 million round in new financing with a significant increase in valuation, led by Menlo Ventures. The round will fuel 3VR's continued development of its industry-leading intelligent video search and analytics technologies, as well as its expansion into global markets. This funding is the culmination of a record year for the company, in which it also expanded its leadership team with the addition of Aisling MacRunnels as its new chief marketing officer. MacRunnels joins 3VR from Sun Microsystems, recently acquired by Oracle, where she was senior vice president of software marketing.

"3VR offers some of the most sophisticated and disruptive technology in the video market today," said Sonja Hoel Perkins, managing director at Menlo Ventures. "The combination of intelligent analytics and patented search engine technology enables 3VR to deliver immediate and actionable insights that drive ROI for companies of all shapes and sizes. It's the company's commitment to continued product innovation that sets them apart in the industry."

In addition to Menlo Ventures, Kleiner Perkins Caufield & Byers and DAG Ventures, previous investors in 3VR and two of the leading technology venture funds, have reinvested in the company. The round also includes new investment from Focus Ventures, a Palo Alto-based firm specializing in expansion stage companies.

"3VR technology continues to address today's progressively challenging security environment, providing best-in-class support and service to ensure customer success," said Ted Schlein, managing partner, Kleiner Perkins Caufield & Byers. "3VR is truly transforming how the security industry uses video, pairing search and analytics to make it actionable and thereby infinitely more useful across all departments of an organization."

Founded in 2002, 3VR has become a global leader in intelligent video search and analytics that provides security solutions to hundreds of global customers, across a diverse array of industries, including leading financial and retail institutions, government organizations and critical infrastructure. Today, the company has the largest private video management deployment in the world, as well as the most accurate facial recognition technology on the market. 2010 has been a remarkable year of growth for 3VR with the expansion of their customer base, welcoming Hilton Americas-Houston and Members 1st Credit Union, among many others. Additionally, the company has forged new partnerships with many industry-leading channel partners and a number of significant players in the security industry, including PSA Network ,Arecont Vision, Convergint Technologies,AFN Security, Sureview Systems, Fiserv and Hi-Tech Solutions (HTS). 3VR also released several new products in 2010, including the SmartRecorder ServerClass 100, the industry's most powerful searchable video recorder.

"2010 has been a record year for 3VR. Our customers are reporting unprecedented results with our products and we're continuing to grow rapidly - in terms of customers, but also the number of technology and channel partnerships we're developing worldwide," said Al Shipp, CEO, 3VR. "We're looking to 2011 to continue this rapid growth and the addition of Aisling to our executive team is going to prove invaluable. She brings incredible leadership and extensive marketing and channel expertise that will help accelerate these efforts."

Prior to joining 3VR, MacRunnels was responsible for all aspects of marketing from product management to demand generation, channel strategy and business models/pricing operations at Sun Microsystems. In addition, MacRunnels played an instrumental role as the key spokesperson during Oracle's acquisition of Sun Microsystems, as well as led the subsequent integration of Sun Microsystems' software team into Oracle.

"3VR is bringing proven innovation to the security industry at a time when it's needed more than ever," said Aisling MacRunnels, CMO, 3VR. "We're in a unique position of allowing customers to intelligently search video using specific criteria and analytics. The result is actionable data that can solve previously unsolvable security and business problems. 3VR can actually transform what security systems are capable of, using intelligent search and analytics to make them much more powerful and to expand their use into video-based business intelligence."

About 3VR
3VR Security, Inc. is the global leader in Intelligent Video Search and Analytics - a faster, more reliable, and less expensive way to fight crime, ensure people's safety and improve business efficiency. With 250 billion hours of video captured every year in the U.S., the award-winning 3VR Intelligent Surveillance Platform makes it possible to efficiently mine and manage it. 3VR is the security standard for hundreds of global customers, including leading banks, retailers, governments, and law enforcement agencies. Based in San Francisco, CA, the company is privately held with funding from Kleiner Perkins Caufield & Byers, Menlo Ventures, VantagePoint Ventures, In-Q-Tel, Focus Ventures, and DAG Ventures. 3VR's SmartRecorder is the three-time winner of the SIA Best New Video Product Award and was named Security Product of the Year from Frost & Sullivan in 2006 and 2007, among other awards. For more information, please visit http://www.3vr.com.

[Attachments] See images for this press release:

ELSE PRESS RELEASES FROM THIS DATE:

Boy or girl? Australians think we shouldn't choose

2010-12-23

Most Australians do not approve of IVF or abortion for sex-selection purposes, and most do not think a hypothetical blue or pink pill to select the sex of a child should be legal, a new study has found. The study, led by Dr Rebecca Kippen from the School of Population Health at the University of Melbourne, analysed responses from more than 2,500 people participating in the Australian Survey of Social Attitudes, combined with a series of in-depth parental interviews. The survey found that 69 per cent of respondents disapproved the use of IVF for sex selection, with ...

Cornstarch might have ended the Gulf spill agony sooner

2010-12-23

On May 25th, 2010, the online arm of Upstream, a newspaper for the international oil and gas industry, reported that British Petroleum had started top-kill procedures on the Macondo well in the Gulf of Mexico. "The company said that the operation, which will pump heavy mud down the wellbore in an attempt to gain control of the oil flow and ultimately kill the well, began at 1 pm CST," Upstream reported. The article continued: "Earlier BP Chief Tony Hayward gave the top-kill procedure a 60 percent to 70 percent chance of success." Physicists watching the situation ...

Eating less healthy fish may contribute to America's stroke belt

2010-12-23

ST. PAUL, Minn. –People living in the "stroke belt" states eat more fried fish than people living in the rest of the country, which may contribute to the high rate of death from stroke in those states, according to a study published in the December 22, 2010, online issue of Neurology®, the medical journal of the American Academy of Neurology. Studies have shown that the omega-3 fatty acids in fish, especially fatty fish, may reduce the risk of stroke. Research has shown that frying fish leads to the loss of the natural fatty acids. The study also found that African-Americans ...

Most common adult brain cancer linked to gene deletion, Stanford doctors say

2010-12-23

STANFORD, Calif. — A study fast-tracked for online publication Dec. 22 in the New England Journal of Medicine has identified an important gene deletion in up to one of every four cases of glioblastoma, the most common adult brain cancer. This deletion contributes to tumor development, promotes resistance to therapy and considerably worsens a patient's survival prospects. The deletion of the gene, known as NFKBIA, triggers biochemical processes similar to those resulting from a better-known aberration common in glioblastomas: alteration of the epidermal growth factor receptor, ...

Tau disrupts neural communication prior to neurodegeneration

2010-12-23

A new study is unraveling the earliest events associated with neurodegenerative diseases characterized by abnormal accumulation of tau protein. The research, published by Cell Press in the December 22 issue of the journal Neuron, reveals how tau disrupts neuronal communication at synapses and may help to guide development of therapeutic strategies that precede irreversible neuronal degeneration. Tau normally contributes to the supportive framework of proteins in the cell. It is well established that abnormal tau sometimes clumps into neuron-damaging filamentous deposits ...

Arsenic agent shuts down 2 hard-to-treat cancers in animal experiments

2010-12-23

Washington, DC – Researchers at the Georgetown Lombardi Comprehensive Cancer Center, a part of Georgetown University Medical Center, have found that an arsenic-based agent already FDA-approved for a type of leukemia may be helpful in another hard-to-treat cancer, Ewing's Sarcoma (ES). The research, based on animal studies, also suggests the drug might be beneficial in treating medulloblastoma, a highly malignant pediatric brain cancer. In the December 22 issue of the Journal of Clinical Investigation, the investigators describe how years of research has uncovered a common ...

Many cancer cells found to have an 'eat me' signal in Stanford study

2010-12-23

STANFORD, Calif. — Researchers at the Stanford University School of Medicine have discovered that many cancer cells carry the seeds of their own destruction — a protein on the cell surface that signals circulating immune cells to engulf and digest them. On cancer cells, this "eat me" signal is counteracted by a separate "don't eat me" signal that was described in an earlier study. The two discoveries may lead to better cancer therapies, and also solve a mystery about why a previously reported cancer therapy is not more toxic. In the study to be published Dec. 22 in Science ...

What sex are you?

2010-12-23

Sex in mammals is genetically determined. In humans, females have two X chromosomes, while males have one X and one Y chromosome. However, some individuals are born with male genitalia despite having two X chromosomes, a condition known as XX male sex reversal. A team of researchers, led by Paul Thomas, University of Adelaide, Australia, has now determined that overexpression of the Sox3 gene in mice causes frequent XX male sex reversal. The clinical relevance of this was highlighted by the discovery of genomic rearrangements in the regulatory region of the human SOX3 gene ...

KISSing a theory goodbye in the link between puberty and nutrition status

2010-12-23

The timing of the onset of puberty is linked to levels of nutrition: later onset is associated with malnutrition, while earlier onset is linked to childhood obesity. A team of researchers, led by Carol Elias, at the University of Texas Southwestern Medical Center, Dallas, has now generated data in mice that run counter to current thinking about the molecular pathway by which nutrition status affects the onset of puberty. Further, the team defines a new regulatory pathway for the process, which, if confirmed in humans, could potentially lead to new approaches to treating ...

Picking a poison for brain tumors: Arsenic

2010-12-23

Arsenic is usually thought of as a poison. Despite this, it has been used in medicine for over 2000 years, and the arsenic compound arsenic trioxide (ATO) is FDA approved for the treatment of acute promyelocytic leukemia. Now, a team of researchers, led by Aykut Üren, at Georgetown University Medical Center, Washington, has generated data using human cancer cell lines that suggest that ATO might also be of benefit to individuals with certain brain tumors or connective tissue tumors. Certain cancers, in particular brain tumors known as medulloblastomas and connective tissue ...

3VR Secures $17 Million in Funding to Bring Intelligent Video Search to Broader Market

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: