21Ventures Invests an Additional $3 Million in Agent Video Intelligence(TM).The Funding is Earmarked for Sales and Marketing NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 21Ventures, a US investment company comprised of American financiers, announced today that it has invested $3 million in surveillance software company Agent Video Intelligence Agent Video Intelligence is a Video Analytics firm that helps monitor certain public areas such as malls, airports and train stations from suspicious behavior including vandalism, terrorism and theft. , Inc. (Agent Vi([TM])) in a B financing round. This brings the 21Ventures investment in Agent Vi to at total of $13 million. 21Ventures is the lead investor in the company. "We have built a solid foundation across the globe with our software systems and have consequently achieved significant product validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. . With success, however, comes a rise in customer needs and requirements. The investment today will support an increase in the sales and marketing teams in Asia, Europe, as well as in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. in order to meet these demands," said Mr. David Anthony David Lamar Anthony (born 1948), better known as David Anthony, is a convicted murderer who allegedly killed his wife and her two children. The Anthony murder case and subsequent trial received much media attention in the United States, particularly in Arizona. , managing partner of 21Ventures and a member of the Agent Vi Board of Directors. Agent Vi (www.agentvi.com), with its patented Image Processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished over IP (IPoIP)([TM]) video surveillance software, offers the only enterprise-grade solution in video intelligence and video content analysis technology. Founded in 2003, Agent Vi is the first company to provide embedded Inserted into. See embedded system. and distributed artificial-intelligence video analytics software with the low bandwidth required by video surveillance networks to support extremely large numbers of distributed cameras, and at the lowest industry cost. "The power of Agent Vi lies in its simplicity: while other vendors struggle with a proprietary mix of hardware and custom algorithms, our software is completely open and distributed. We have written the Agent to be flashed onto virtually any processing platform in the video universe. Our growth reflects this pervasiveness: in the last eighteen months alone, we fielded deployments in more than twenty-three countries and to more than seventy unique customers," said Mr. Buddy Flerl, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Agent Vi. About 21Ventures 21Ventures is a venture capital enterprise which invests in and develops seed and early stage Israeli technology companies, an exercise, it believes, is crucial to the future health of the Israeli economy. The mandate of 21Ventures is to fill in the gap between monies awarded at a company's infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. and those infused when a company has graduated to late stage. 21Ventures is structured in a novel way. Investors are presented with opportunities on a case by case basis and determine how much, if at all, they would like to invest in a particular prospect. 21Ventures does not take a management fee. Currently 21Ventures has invested in 15 companies and has more than $45 million dollars at work. For more information about 21Ventures, please visit www.21ventures.net. To schedule an interview with Managing Partner Mr. David Anthony, please contact media liaison Marjie Hadad at +972-54-536-5220; at US number (646) 335-0269 or e-mail: marjie@netvision.net.il. |
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