Tech Company Financing Transactions
VideoIQ Funding Round
Accomplice and Matrix Partners participated in a $8 million Series A funding round for VideoIQ. The round was announced by the company on 4/26/2007.
Transaction Overview
Company Name
Announced On
4/26/2007
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series A
Investors
Accomplice (Alexander Bichara)
Matrix Partners (David Skok)
Proceeds Purpose
The announcement marks the spinout of the business from GE Security, Inc. and the formation of the independent company, VideoIQ, Inc., with an experienced management team and strategy focused on extending its technology leadership in the fast-growing video analytics market.
Under the terms of the spinout deal, VideoIQ acquired the core products and patent-pending technology associated with the video analytics business at GE Security.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
213 Burlington Road 4
Bedford, MA 01730
USA
Bedford, MA 01730
USA
Phone
Website
Email Address
Overview
VideoIQ acts as digital guard that transforms video surveillance into a dynamic, real-time, intelligent system for guarding against intruders, and gaining early warning of security breaches. It delivers the industry's best detection accuracy and far fewer false alarms than conventional systems, requiring human response only when a real event takes place.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ed Bednarcik
Chief Marketing Officer
Kristina O'Connell
Chief Technical Officer
Mahesh Saptharishi
VP - Engineering
Sergio Parise
VP - Operations
Annita Tanini
VP - Sales
Brian Karas
VP - Sales
Steve Lefkowitz
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