Sunday, July 23, 2006

SteelBox Raises $10 Million for Video Switching

SteelBox Networks, a start-up based in Atlanta, has received $10,000,000 in venture funding from Sierra Ventures of Menlo Park, California and existing investors. SteelBox's initial market focus centers on intelligent switching, storage and high speed access for large scale video surveillance applications and networks.

SteelBox's video-over-IP switching equipment has been deployed in large-scale surveillance networks in terminals and mass transit venues. SteelBox has installations in the US, Europe and Asia where systems have been deployed to monitor highway and subway systems, and to help guard high security areas at seaports.

SteelBox Networks was founded in 2003 by executive and engineering veterans of Cisco Systems, Scientific Atlanta and Nortel Networks.

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