Agilence raises $4M for retailer theft prevention
Agilence, based in Camden, N.J., has raised a $4 million funding round led by Granite Ventures for its “video-based exception reporting,” which keeps an eye on employees at retail outlets.
The company’s subscription-based service minimizes the revenue loss that retailers experience from theft or error by their own cashiers. The service has two parts, active video recording and post-analysis of the footage and outsourced team.
Next Stage Capital, a previous investor, also participated in the round.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.