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Ed Bednarcik

VideoIQ raises additional $3.5 million

CEO Ed Bednarcik wants to bring company's products ‘to the masses’

BEDFORD, Mass.—VideoIQ CEO Ed Bednarcik said funds from a Series C round announced Jan. 10 will be used to expand the company’s geographic reach and for R&D efforts aimed at bringing its products “to the masses.”

More money for VideoIQ

Wednesday, January 11, 2012

VideoIQ yesterday announced it received $3.5 in funding from existing investors Atlas Venture, Matrix Partners and Tenaya Capital.
This is an expansion of a Series C funding round. In September, the company got $7.5 million in September from the above investors and another existing investor, Cisco.

Also in September, VideoIQ named Ed Bednarcik as its new CEO. Bednarchik, who is known for readying companies for IPOs, replaced Scott Schnell.

The company, which makes IP cameras and encoders with on-board storage and built-in self-calibrating analytics, said funding will be used to expand sales and product development teams. It also announced "record growth" over the past year. I’m currently enroute from the ESI Forum in Dallas to Maine, but am looking forward to getting more details from Ed Bednarcik during an interview tomorrow. I’ll have more on this deal, and the ESI Forum, in stories later this week.

ASIS 2011: News and notes from the show floor


ORLANDO, Fla.—There was plenty of news being made at ASIS 2011, which took place at the Orange County Convention Center Sept. 19-21. Below are some editor round-ups from ventured out onto the show floor to collect news and other goings-on.

VideoIQ gets $7.5m and new CEO

Ed Bednarcik joins VideoIQ

BEDFORD, Mass.—VideoIQ’s new CEO, Ed Bednarcik, who is known for readying companies for IPOs, outlined steps he’ll take to take VideoIQ “to the next level,” during a Sept. 12 interview with Security Systems News.