Razberi Technologies Raises $5.8 Million in Funding
Razberi will apply the funds to building out its market coverage and continuing to deliver products.
Razberi Technologies announced today an investment of $5.8 million led by LiveOak Venture Partners, a venture capital fund based in Austin, Texas. LiveOak will invest in participation with Chartline Capital Partners and other investors including the family offices of industry leaders Ken Boyda and Jiri Modry.
"This financing will give us the opportunity to continue to grow the business rapidly and roll-out fantastic new products in the coming year," said Doug Dickerson, CEO Razberi Technologies. Razberi has won more than ten prestigious awards for cybersecurity and video surveillance, including awards in 2019 for Best New Product from Security Today and Security Industry Association (SIA),.
“Razberi has developed a leadership position in the large and fast-growing IoT / video surveillance and cybersecurity market," said Krishna Srinivasan, Founding Partner at LiveOak and Board Member at Razberi. "The team has done a great job of building the business, landing prestigious customers and continuing to innovate on strong products at the intersection of video, cybersecurity and remote management. We're delighted to be working together to continue to create a market leader across these categories."
Razberi will apply the funds to building out its market coverage and continuing to deliver products. Razberi intends to bring on additional investors over the coming months.