Motorola Solutions announced its investment in BriefCam through its strategic investment arm Motorola Solutions Venture Capital. Together with new investors MSI and the Provident Fund of the Employees of the Hebrew University of Jerusalem and previous investors Rimage, Aviv Venture Capital and private investors, the total amount raised in this Round C funding was US$6.5 million. The funds will be used to expand BriefCam’s worldwide marketing and sales activities.
Motorola Solutions announced its investment in BriefCam through its strategic investment arm Motorola Solutions Venture Capital. Together with new investors MSI and the Provident Fund of the Employees of the Hebrew University of Jerusalem and previous investors Rimage, Aviv Venture Capital and private investors, the total amount raised in this Round C funding was US$6.5 million. The funds will be used to expand BriefCam's worldwide marketing and sales activities.
This is Motorola's third investment in the video surveillance space since 2011 (the prior two were Agent Vi and TRX), and it is also Rimage's second investment in BriefCam (the first was in Round B in 2011). “We have been looking into various companies in the Israeli high-tech industry, specifically in the area of public safety technologies,” said Boaz Or-Shraga, MD of Motorola Solutions Venture Capital. “The substantial growth in the amount of surveillance videos created each year provides new opportunities for public safety and other industries, and we're glad to seize such an opportunity."
According to Drior Irani, CEO and President of BriefCam, the company hopes Motorola's experience and global presence can present new business opportunities in public safety, safer cities and law enforcement, and accelerate the Israeli company's global presence in regions where they have not been active. BriefCam's patented synopsis technology enables a rapid review of captured video, by compacting hours of events into a few minutes. Customers range from police, military, border control and homeland security agencies to municipalities, transportation authorities, building and campus security offices, and retail outlets for loss prevention.