Agent Vi Announces Additional $9M Investment From 21Ventures.U.S. group closes $9 million, Series B investment in Agent Vi bringing total investment to $18 million DENVER & ROSH HA'AYIN, Israel -- 21Ventures, a U.S. based venture capital firm, announced today a Series B, $9 million investment in 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. (Agent Vi), bringing the total investment by 21Ventures in Agent Vi to $18 million dollars. The funding is earmarked for sales and marketing and ongoing product development. "Agent Vi is a world leader in video analytics. This investment signals 21Ventures' strong confidence in Agent Vi and provides the resources the company needs to insure Insure can mean:
Agent Vi's video analytics software has revolutionized security surveillance and business intelligence. Systems equipped with the company's video analytics software can, for example, immediately spot and report a person reaching over an unattended jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. counter; detect a vehicle tailgating Tailgating The action of a broker or advisor purchasing or selling a security for his or her client(s) and then immediately making the same transaction in his or her own account. through an entry point; detect a person approaching a perimeter; or monitor how long a customer views a merchandise display - all of which provide invaluable data for increased operational security and efficiency. "We are witnessing a growing demand for video analytics solutions," said Itsik Kattan, 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 Video Intelligence. "The market today is eager to make use of surveillance systems combined with video analytics to extract and analyze valuable information from the captured video for applications such as security, safety, loss prevention, traffic control, and business intelligence. Agent Vi provides the only truly scalable video analytics solution capable of providing that added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
The investment by 21Ventures represents a Series B investment following the completion of several prior rounds of Series A investments by 21Ventures. About 21Ventures: Founded in 2004 and headquartered in 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 is a venture capital fund which invests in seed and early stage technology companies in the physical security, clean energy and mobile software markets. The fund's primary geographic focus is Israel, where over half of the company's investment capital has been deployed to date. 21Ventures is currently managing more than $100 million worth of investments in 22 companies in Israel and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Approximately half of 21Ventures investments are in clean energy companies. For more information, contact David Anthony, Managing Director of 21Ventures at 212-699-0842 or by e-mail at danthony@21ventures.net or visit www.21Ventures.net. About Agent Video Intelligence, Ltd. (Agent Vi): Agent Vi is an enterprise video analytics software company that delivers solutions for improved security, business intelligence and operations. Deployed in over 25 countries and in thousands of "Agent-enabled" cameras and edge devices, Agent Vi technology seamlessly integrates with existing video equipment and IT infrastructure, making video analytics feasible, affordable and scalable. Founded in 2003, Agent Vi has sales, distribution and research and development operations around the globe. The company has proven deployments worldwide with customers in retail, airports, rail, transportation, education, critical infrastructure, utility, government, financial institutions and metropolitan markets. For more information, contact Itsik Kattan, CEO of Agent Video Intelligence, Ltd. 646-335-0270 or by e-mail at i.kattan@agentvi.com or visit www.agentvi.com. |
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