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Smartvue gets $15m for IoTV play (Internet of Things Video)

April 29, 2015Martha Entwistle

NASHVILLE, Tenn.—Cloud video surveillance provider Smartvue announced this week that it secured $15 million in financing from Fortress Investment Group, a $67 billion firm. I spoke to Martin Renkis, Smartvue founder and CEO, this morning and asked him what Fortress, which typically works with much larger companies, saw in Smartvue. Fortress likes Smartvue's vision of being "a major cloud platform in the video surveillance services business," Renkis said. "[Fortress] saw what we saw,...

cloud video surveillance, Financing, Fortress Investment Group, Internet of Video Things (IoVT), Security Systems News (SSN), Smartvue