Intransa, a provider of shared, scalable and simple external IP storage solutions, announced the completion of new funding, raising a total of $15 million since the beginning of this year.
Rho Ventures led the most recent round. Rho Ventures joins other Intransa investors Entrepia Ventures, Guggenheim Venture Partners, Menlo Ventures and US Venture Partners. The new funding is intended to accelerate sales, marketing and research and development efforts, according to the company.
According to the company, video surveillance systems have experienced rapid growth over the past several years as the need for increased retention of video with better resolution and increased frame rate have impacted the physical security, gaming, hospitality, education, transportation, public safety, government, corrections, homeland security, energy, manufacturing and retail sectors. Traditional analog surveillance systems coupled with direct-attached captive storage in DVRs have proven too expensive and problematic to keep up with the demand.
"I am extremely happy to have Paul and Rho Ventures join Intransa at this critical time," said Bud Broomhead, CEO of Intransa. "While the economy is uncertain, the need to upgrade existing CCTV infrastructure affordably and risk-free will be more important than ever. Only Intransa has proven that it can meet the challenges of reducing surveillance system cost while extending DVR life and capabilities."
