Video surveillance firm gets $10 million in VC funding

VideoIQ nabs $10 million in Series B funding from Lehman Brothers, Matrix Partners, and Atlas Venture.

Video surveillance firm VideoIQ is set to announce on Wednesday morning a $10 million Series B funding round.

Lehman Brothers Venture Partners is leading the round, and current investors Matrix Partners and Atlas Venture are participating.

The funding will be used to help VideoIQ expand to new markets and continue product development of its IP video surveillance and video analytics products, the company says.

Bedford, Mass.-based VideoIQ was spun out of GE Security in 2007 and is headed by Scott Schnell, a former RSA executive.

About the author

Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
The best tech products of 2014
Does this Wi-Fi-enabled doorbell Ring true? (pictures)
Seven tips for securing your Facebook account
The best 3D-printing projects of 2014 (pictures)
15 crazy old phones from a Korean museum (pictures)
10 gloriously geeky highlights from 2014 (pictures)