Tuesday, February 21, 2006

EnVysion Secures $3 Million for Broadband Video Surveillance

EnVysion, a start-up based in Boulder, Colorado, raised $3 million in first round funding for its broadband video surveillance plans.

EnVysion is developing an Internet-based platform to enable a service-based business model for video surveillance. The company will provide services to multi-site food service, hotel, and retail businesses, including fast-casual dining and convenience store franchises.

Columbia Capital and Bear Equity, a private investment firm owned by EnVysion's Executive Chairman Dan Caruso, led the private equity round. Existing angel investors and Ledcor Technical Services, a strategic partner of EnVysion, participated in a round of angel funding which occurred in December of 2005.

"Broadband penetration in the retail and service sectors has expanded market opportunities beyond simple video surveillance," said Chief Operating Officer Matt Steinfort. "Business process management, loss prevention, and employee training and development are among the key business concerns that digital video surveillance is now able to address."http://www.envysion.com

  • EnVysion's technical team is led by Robert Hagens (CTO), who previously was Senior Vice President, Architecture & Engineering, at Level 3 Communications.

See also