Agent Video Intelligence Ltd. (Agent Vi), a Rosh Ha’ayin, Israel-based provider of video analytics solutions worldwide, has received an investment of undisclosed amount.
The round was co-led by Motorola Solutions, Inc. (NYSE:MSI), which made the through Motorola Solutions Venture Capital, and Israeli-based investment firm Indigo Strategic Partners.
The company intends to use the capital to expand its global sales and marketing activities, establish sales offices in North America, and further invest in product development.
Led by Itsik Kattan, CEO, Agent Vi provides video analytics solutions, which are used in conjunction with video surveillance networks to automatically analyze, alert and search for events of interest in video footage, without requiring user intervention. They also enable insights into business operations through video analysis of customer traffic trends, widely applicable for the retail sector and additional mass-traffic markets.
In conjunction with the funding, Dorian Barak, managing partner of Indigo Strategic Partners, and Chuck Hutzler, former vice president of product management for security products at Tyco International, will join Agent Vi’s board of directors.
FinSMEs
11/09/2012