3VR Security, Inc., , the pioneer of Searchable Surveillance Systems(TM), today announced that Stephen Russell, 3VR CEO and founder, has been named to
Stephen Russell, CEO of 3VR and number 8 on the list commented: "It's quite an honor to be included in such an impressive group. I think it says a lot about what we've been able to accomplish at 3VR, and the particular brand of entrepreneurship we practice here. We took a big risk, and a healthy leap of faith, entering the world of physical security, but it turns out, that's exactly what the market needed."
3VR is the first company to deliver a Searchable Surveillance System, a platform that combines intelligent video recording with face recognition and other analytics as well as data and applications to make video surveillance highly effective for stopping crime and improving investigations. 3VR leads an important and growing market which is estimated to reach $7.2 billion by 2008. Under Russell's leadership, 3VR announced that it closed $15M in Series C Funding at a significant increase in valuation in Q4 of 2006. 3VR is funded by DAG Ventures, a fund that brings depth in cable TV, infrastructure, media and wireless industries; VantagePoint Venture Partners, one of the largest venture capital firms in the U.S; In-Q-Tel, a private strategic venture firm managed by U.S. intelligence community; and Kleiner Perkins, Caulfield & Buyers, one of the leading technology venture firms.
American Venture Magazine's Editor, Florencia Lazaroni states: "We considered hundreds of candidates, identifying the remarkable 40 finalists who exhibited the highest degree of professionalism and vision, development strategy and achievement, and who are poised to make major moves in 2007. These young seasoned leaders, who have managed their way through changing business cycles, stimulating the emerging technology environment and putting together fantastic teams are definitely doing something right."
About 3VR Security, Inc.: 3VR Security, Inc. is the leading developer of Searchable Surveillance Systems. Pioneering a new standard in video security, 3VR systems combine traditional video recording with powerful facial biometrics and analytics to dramatically improve physical surveillance. With 3VR, customers can instantly search video, pre-define alerts for specific people, objects, and activity and prevent crime. These advances deliver new ROI by intelligently using video to stop losses, speed investigations, and improve guard productivity. 3VR systems are simple to use and install and can scale up to thousands of cameras spanning across geographies.
3VR was recently named one of Always On 100 companies, Red Herring's Top 100 private technology companies, 2006 Security Product of the Year by Frost & Sullivan and Product of the Year from the Security Industry Association in both the 2005 and 2006.