3VR finds $12M for searchable surveillance
3VR Security, maker of video surveillance equipment with a built-in search engine and more detailed motion and facial recognition, has brought in $12 million in a fourth round of funding led by Menlo Ventures, according to PE Hub. Based in San Francisco, the company will continue to expand its client base, now numbering 600 across a wide array of sectors, and diversify its portfolio of surveillance products for different needs. One of the selling points of the technology: image recognition lets bank tellers figure out if the person approaching them is a known fraudulent check casher or not.
It has raised $42 million to date from backers DAG Ventures, Kleiner Perkins Caufield & Byers, In-Q-Tel and VantagePoint Venture Partners.
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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.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.
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