3VR gets another $12m in funding
Seems people with money are still interested in betting on the future of video analytics and facial recognition. 3VR announced today another $12 million funding round, which brings their total raised to somewhere north of $40 million or so. This is what the new board member/investor has to say about it:
â€œIn 3VR, you have a company that is offering new levels of innovation while continuing to provide its customers with the industryâ€™s most sophisticated video management platform overall,â€ said Sonia Hoel Perkins, managing director at Menlo Ventures. â€œWe have been impressed with 3VRâ€™s incredible momentum, upside potential and ability to deliver completely unique technology in a broad and fast-growing market."I'll have a story for the wire tomorrow, hopefully.