Venture capital firm backs SteelBox
ATLANTA--SteelBox Networks, a video switching software manufacturer, received $10 million in venture funding from Sierra Ventures of Menlo Park, Calif., earlier this week.
The company's footprint includes large-scale video surveillance applications and networks in terminals and mass transit venues throughout the United States, Europe and Asia.
SteelBox was founded in 2003 by executives and engineering veterans of Cisco Systems, Scientific Atlanta and Nortel Networks. Richard Howes, chief executive officer at the company, said in a statement that Sierra's investment will "expand our operations to help meet product development and manufacturing goals for the strong demand we are seeing in the surveillance market."
He added that Sierra "brings with it the business contacts and corporate relationships that will facilitate rapid growth in the surveillance market."
For an interview with Richard Howes of SteelBox Networks, see the September issue of Security Systems News