Israel-based BriefCam, a developer of video synopsis technology, announced that it recently acquired $2.6 million in funding from investors.
According to a statement issued by the company, the round of funding was led by Aviv Venture Capital along with a group of surveillance industry professionals and private investors in Israel. The company says that the fund will mostly be used for expanding sales and marketing efforts.
The company, which launched earlier this year, provides CCTV users with the ability to rapidly review footage of incidents without having to comb through hours of video.
"Being that security needs often require immediate responses, instant answers can provide the need information to plan the proper course of action”, said BriefCam Chairman and President Gideon Ben-Zvi in a prepared statement. “BriefCam’s technology serves a wide range of small and large enterprises, including security bodies, financial institutions, retail shops, transportation authorities and individual homeowners. Whether preventing theft or terrorism, or enhancing management of workers, BriefCam is enabling managers to reduce costs, save time and manpower, and receive the rapid results they need."