Smartvue Raises $15 Million to Fuel Growth and Innovation

  • Apr 28, 2015

Smartvue Corporation announced at Interop, an IT and Technology Conference, that it has secured $15 million USD in financing to support its rapid growth as one of the leading cloud video surveillance and Internet of Things Video (IoTV) platform companies. Headquartered in Nashville, Tenn., Smartvue’s latest round of capital funding will be used to scale operations and systems to support new and existing customers.  Smartvue Corporation secured the $15 million of financing through funds managed by affiliates of Fortress Investment Group LLC, a diversified global investment firm with approximately $67.5 billion in assets under management as of December 31, 2014.

"Smartvue provides elegantly simple cloud video surveillance and IoTV infrastructure which generates new recurring revenue for commercial and residential service companies," said Martin Renkis, founder & CEO of Smartvue Corporation. “This new financing supports the current opportunities we have with internet service providers (ISP), cable companies, telcos, IoT device companies, and cloud storage providers to deliver globally scalable and secure video surveillance capture, storage, management, and distribution.”

Smartvue’s rapid growth has been driven by increased demand for video surveillance services in both the commercial and residential markets as well as opportunities to provide these services embedded into IoT devices such as televisions, game consoles, point of sale systems, and home automation solutions.

“We have developed a comprehensive technology platform to provide global video services for IoT companies,” said Toby Cahoon, CTO of Smartvue Corporation. “Our systems enable these companies to quickly and cost-effectively embed video services into almost any device and generate new value for their customers, creating more ‘sticky’ customer relationships and delivering new revenue streams for themselves.”

Smartvue plans to use the investment to support customer growth, finance the scaling of systems and engineering as well as drive continued development of its comprehensive patent portfolio. With almost two decades of experience providing network video software, cloud platforms, and embedded technologies, Smartvue has established itself as a leading cloud technology brand among the security industry.

Featured

  • Maximizing Your Security Budget This Year

    Perimeter Security Standards for Multi-Site Businesses

    When you run or own a business that has multiple locations, it is important to set clear perimeter security standards. By doing this, it allows you to assess and mitigate any potential threats or risks at each site or location efficiently and effectively. Read Now

  • New Research Shows a Continuing Increase in Ransomware Victims

    GuidePoint Security recently announced the release of GuidePoint Research and Intelligence Team’s (GRIT) Q1 2024 Ransomware Report. In addition to revealing a nearly 20% year-over-year increase in the number of ransomware victims, the GRIT Q1 2024 Ransomware Report observes major shifts in the behavioral patterns of ransomware groups following law enforcement activity – including the continued targeting of previously “off-limits” organizations and industries, such as emergency hospitals. Read Now

  • OpenAI's GPT-4 Is Capable of Autonomously Exploiting Zero-Day Vulnerabilities

    According to a new study from four computer scientists at the University of Illinois Urbana-Champaign, OpenAI’s paid chatbot, GPT-4, is capable of autonomously exploiting zero-day vulnerabilities without any human assistance. Read Now

  • Getting in Someone’s Face

    There was a time, not so long ago, when the tradeshow industry must have thought COVID-19 might wipe out face-to-face meetings. It sure seemed that way about three years ago. Read Now

    • Industry Events
    • ISC West
Most   Popular

Featured Cybersecurity

Webinars

New Products

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises. 3

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols. 3

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings. 3