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Video - Tuesday, February 20, 2007

Boulder Broadband Video Surveillance Co. Envysion Raises $6.5M

Our trend radar has detected a fair number of deals for Internet based video surveillance companies. The latest is Boulder, CO-based Envysion which has raised $6.5M in second-round funding. Columbia Capital led the deal, and was joined by return backers High Country Venture and Bear Equity. The company raised $3M in first-round funding last year.

Other start-up fundings that we have spotted here include: RemoteReality secured $7.3M in December 2006, 3VR Security raised $15M in Series C in October 2006, CoVi Technologies raised $15M in October 2006, iControl Networks raised $5M in Series A in April 2006 and Aspectus raised $2M in April 2006, IntelliVid Announces $8M in series B in March 2006. That same month, Cisco Paid $51M for video surveillance outfit Sypixx Networks.

Founded in 2001, the company claims current service installed in over 250 locations. Customers are primarily food retailers like El Pollo Loco, McDonalds, and iHop; as wells as some gas stations like Chevron and Texaco.

In addition to helping management to spy on employee productivity in remote locations, selling points are risk mitigation for liability and theft capture.

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