San Francisco's 3VR Security Inc. (online at 3vr.com), which has been a developer of intelligent video management systems, reported that it has received an investment from Central Intelligence Agency-oriented technology investing firm In-Q-Tel.
In-Q-Tel (online at inqtel.org) was founded by the CIA as a non-profit company that would facilitate the development of leading edge technologies by investing in up-and-coming tech companies. The company's goal is to use private sector technology development know-how and point those results to the needs of defense and intelligence organizations like the CIA.
3VR, which is based in San Francisco, has made its name with a DVR system that has embedded intelligent video management tools for processing data from surveillance cameras. The company's technology has been recognized by the Security Industry Association (SIA) and industry analysts J.P. Freeman and Company. The company's technology is designed to process the multitude of video footage created by today's expanding surveillance systems, and allows for users to categorize, sort and search their video for events, rather than simply using cameras to record the video as simple archival data.
In-Q-Tel's President and CEO Gilman Louie said that it was the company's innovations that prompted the investment.
"We invested in 3VR's technology because of its innovation in the field of capturing and managing surveillance data -- actually turning thousands of hours of video into a valuable digital asset with useful alerts and customizable searches," explained Louie.
"Our partnership with In-Q-Tel is further validation of 3VR's leadership in the intelligent video space," added Stephen Russell, 3VR's CEO, in a statement announcing the investment and technology development agreement.
