Intransa gets $15M for video surveillance storage
Intransa, a company that provides network IP storage services for video content, brought in $15 million since the start of 2008 for continued growth and development, upping total venture capital raised to $110 million since 2001.
The San Jose, Calif. company is applying its technology to the video surveillance market, which is always in demand of devices offering longer storage with higher resolution. Transportation surveillance alone will represent $2 billion in revenue, and retail surveillance will generate another $4 billion, according to an ABI Research study, via PE Wire. Intransa is hoping for a healthy slice of this action, offering clients the ability to store months to years of instantly accessible video at a much lower price than analog video systems.
The recent round of funding came from Rho Ventures, Entrepia Ventures, Guggenheim Venture Partners, Menlo Ventures and U.S. Venture Partners.
Next Story: Trusteer nabs $6M for financial security software
Previous Story: Wikia cuts staff by 10 percent
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.