Video surveillance company BriefCam raises $2.6m. in first roundIsraeli video surveillance company BriefCam has secured funding of $2.6 million in its first round of financing.
The round was led by Aviv Venture Capital along with a group of professionals, including many from the CCTV surveillance industry. They were joined by multiple additional investors in Israel.
Neve Ilan based BriefCam has developed a new technology that allows for one day of surveillance camera footage to be summarized into as little as a few minutes, enabling the rapid review and indexing of captured video. The company’s original technology was developed by Professor Shmuel Peleg at the Hebrew University of Jerusalem. The company plans to use the money to expand its sales and marketing efforts. Yoav Chelouche, managing partner at Aviv Venture Capital said: “In difficult economic times, BriefCam?s surveillance technology will allow companies large and small to maximize security, while saving on manpower, time and money.”