Vidient Systems raised $12 M in funding

SSN Staff  - 
Tuesday, November 1, 2005

Vidient Systems secured $12 million in funding to accelerate market expansion of its intelligent video software.
New investor Canaan Partners led the round with initial investors Blueprint Ventures, Trident Capital and Hotung Venture Capital.
Brooks McChesney, chief executive officer of the company said that the funding validates strategy and growing leadership position in the market for intelligent video surveillance software.
The funding will be used for new channel market initiatives in the U.S. and abroad, as well as next-generation product development.