Motorola Solutions, through its strategic investment arm Motorola Solutions Venture Capital, led a $6.5 million Round C funding in BriefCam, the Israeli developer and provider of Video Synopsis technology. The funds will be used to expand BriefCam’s worldwide marketing and sales activities.
New investors Motorola Solutions and the Provident Fund of the Employees of the Hebrew University of Jerusalem joined previous investors Rimage Corp., Aviv Venture Capital, and private investors.
“BriefCam is delighted to welcome Motorola Solutions Venture Capital as an investor and strategic partner,” said Dror Irani, CEO and president of BriefCam. “It is our hope that Motorola Solutions’ experience and global presence opens new opportunities for BriefCam in areas such as public safety, safer cities and law enforcement, as well as enterprise and retail. We expect Motorola Solutions’ global presence will also assist BriefCam greatly in accelerating penetration of new geographic regions where we have not been active to date.”
This investment is Motorola Solutions’ second in the Israeli market and third in the surveillance video space since 2011 (Earlier investments were Agent Vi and TRX).
“We have been looking into various companies in the Israeli hi-tech industry, specifically in the area of public safety technologies,” said Boaz Or-Shraga, managing director, Motorola Solutions Venture Capital. “We were happy to find a great investment like BriefCam to expand our exposure in the growing video space. The substantial growth in the amount of surveillance videos created each year provides new opportunities for public safety and other industries, and we’re glad to seize such an opportunity.”