Analytics maker Agilence lands NextStage funding
MOUNT LAUREL, N.J.--Agilence, a maker of event-based video analytics, announced last week it has closed an investment round of unspecified size, with NextStage Capital as the lead investor. This is the company's first institutional funding round.
The company's analytics are built into StoreVision, a product that offers surveillance and auditing capabilities for retailers; TollVision, an audit solution for toll systems like E-ZPass; and V-Metrics, a video content analysis engine used for license plate recognition and other functions. The new funding will be used to expand into the retail and transportation verticals and open new markets, according to a release.
Current Agilence clients included Bloomingdales, Pathmark Stores and the New Jersey Turnpike Authority.
For more on this story, including comment from NextStage, see the August issue of Security Systems News.