Aspectus Announces $2 Million Funding Led by 21Ventures.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 -- Aspectus Video Intelligence, Inc., the proven global leader with the only Enterprise grade solution in digital Video Intelligence (VI) and Video Content Analysis (VCA VCA Voltage Controlled Amplifier VCA Victorian College of the Arts (Australia) VCA Vehicle Certification Agency (UK) VCA Veiligheids Checklist Aannemers ) Technology, today announced that it has closed on a new round of funding for $2 million led by New York-based investor 21Ventures LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The round closed earlier this month and will be used to finance additional technology development and increased marketing and sales activities in 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. and the EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. region. To date, Aspectus has raised over $3.5 million in funding and has also received a $300,000 grant from The Chief Scientist of Israel's Ministry of Industry, Trade and Labour. Aspectus develops VI and VCA software that automates video surveillance through embedded and distributed artificial-intelligence engines (cameras, DVRs, DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive encoders, etc.) and generates alerts on suspicious looking activities, security and safety breaches and loss prevention related activities. The company's 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) family of video analytics software uniquely enables the low bandwidth required by video surveillance networks to support extremely large numbers of distributed cameras, ranging from hundreds to thousands, at low cost. The company has three years of successful field deployment with customers worldwide, including: the U.S. Department of Energy, Israeli Ministry of Justice, Israeli Prison Service and Israeli Railway System, plus numerous successful field trials throughout the United States, Europe and Asia. "Given the worldwide need to secure both the public and private sector from the threat of terrorism, the time has come for a next generation of digital video surveillance - one that is both reliable and cost effective," said 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. "We believe that Aspectus Video Intelligence has jumpstarted that next generation and will lead the industry with their IPoIP(TM) technology by eliminating the bandwidth restrictions of today's legacy video surveillance systems and drastically lowering the cost of network equipment and its operation." About Aspectus Aspectus Video Intelligence, Inc., is the proven global leader with the only Enterprise grade solution in digital and analog Video The original video recording method that stores continuous waves of red, green and blue intensities. In analog video, the number of rows is fixed. There are no real columns, and the maximum detail is determined by the frequency response of the analog system. Intelligence (VI) and Video Content Analysis (VCA) Technology with its patented Image Processing Over IP (IPoIP)(TM) family of video surveillance software. Founded in 2003, Aspectus is the world's first company to provide embedded and distributed artificial-intelligence VI and VCA software that enables the low bandwidth required by video surveillance networks to support extremely large numbers of distributed cameras (hundreds to thousands) at low cost. With headquarters in New York and R&D and regional sales offices located in Tel Aviv, Israel, the company has over 3 years of successful field deployment worldwide. For more information on Aspectus, visit: www.aspectusvi.com. About 21Ventures Founded in 2003, 21Ventures LLC invests in seed and bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. for both private and public technology ventures in Israel and non-core technology regions across the U.S.; its goal is to bridge the widening gap between "friends and family" funding and initial professional capital. 21Ventures focuses on portfolio companies in the Energy, Financial Services, Information Technology, Life Science, Media, Semiconductor and Telecommunication markets. In addition to its VC activities, 21Ventures designs and delivers entrepreneurial training programs for scientists, engineers and technology developers worldwide. The company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and has made eleven investments to date. Visit: www.21Ventures.net. Forward-Looking Statements Estimates, expectations and business plans are forward-looking statements. Actual future results, including product introduction schedules, market receptiveness, regulatory approvals and commercial viability, could differ materially due to changes in conditions affecting the industry, political, legal or regulatory developments, and market conditions. IPoIP(TM) is a registered trademark of Aspectus Video Intelligence, Inc. |
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