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Front PageGames Agent Vi Announces Additional $9M Investment From 21Ventures
Agent Vi Announces Additional $9M Investment From 21Ventures
Written by David Deady
Tuesday, 22 July 2008
21Ventures, aU.S. based venture capital firm, announced today a Series B, $9 millioninvestment in Agent Video Intelligence (Agent Vi), bringing the totalinvestment by 21Ventures in Agent Vi to $18 million dollars. The funding is earmarked for sales and marketing andongoing product development.
(MyFreePR) Denver,CO, July 22, 2008 ---21Ventures, a U.S. based venture capital firm, announced today a Series B, $9million investment in Agent Video Intelligence (Agent Vi), bringing the totalinvestment by 21Ventures in Agent Vi to $18 million dollars.
The funding is earmarked for sales andmarketing and ongoing product development.
“AgentVi is a world leader in video analytics. This investment signals 21Ventures’strong confidence in Agent Vi and provides the resources the company needs toinsure its longevity in an industry known for long sales cycles,” said David Anthony,Managing Partner of 21Ventures.
Agent Vi’svideo analytics software has revolutionized security surveillance and businessintelligence. Systems equipped with the company’s video analytics software can,for example, immediately spot and report a person reaching over an unattendedjewelry counter; detect a vehicle tailgating through an entry point; detect a personapproaching a perimeter; or monitor how long a customer views a merchandisedisplay – all of which provide invaluable data for increased operationalsecurity and efficiency.
"Weare witnessing a growing demand for video analytics solutions,” said ItsikKattan, CEO of Agent Video Intelligence. “The market today is eager to make useof surveillance systems combined with video analytics to extract and analyzevaluable information from the captured video for applications such as security,safety, loss prevention, traffic control, and business intelligence. Agent Viprovides the only truly scalable video analytics solution capable of providingthat added value for such a wide variety of applications. The increased marketdemand for Agent Vi's product brings significant challenges that we will meetwith success thanks to the additional investment by 21Ventures.”
Theinvestment by 21Ventures represents a Series B investment following thecompletion of several prior rounds of Series A investments by 21Ventures.
About 21Ventures: Founded in 2004 andheadquartered in New York, 21Ventures is a venture capital fund which investsin seed and early stage technology companies in the physical security, cleanenergy and mobile software markets. The fund’s primary geographic focus isIsrael, where over half of the company’s investment capital has been deployedto date. 21Ventures is currently managing more than $100 million worth ofinvestments in 22 companies in Israel and the United States.Approximately half of 21Ventures investmentsare in clean energy companies. For more information, contact David Anthony,Managing Director of 21Ventures at 212-699-0842 or by e-mail
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or visit www.21Ventures.net.
About Agent Video Intelligence, Ltd. (Agent Vi): Agent Vi is anenterprise video analytics software company that delivers solutions forimproved security, business intelligence and operations. Deployed in over 25countries and in thousands of “Agent-enabled” cameras and edge devices, Agent Vitechnology seamlessly integrates with existing video equipment and ITinfrastructure, making video analytics feasible, affordable and scalable.
Foundedin 2003, Agent Vi has sales, distribution and research and developmentoperations around the globe. The company has proven deployments worldwide withcustomers in retail, airports, rail, transportation, education, criticalinfrastructure, utility, government, financial institutions and metropolitanmarkets. For more information, contact Itsik Kattan, CEO of Agent Video Intelligence, Ltd. 646-335-0270 or by e-mail
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or visit www.agentvi.com.
Media Contact: David Deady
Agent Vi
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