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Envysion, Inc. recently announced
that it has closed on its second round of equity investment,
raising an additional $6.5 million. Envysion had previously
raised approximately $3 million in 2006.
High Country Venture, manager of Colorado Fund 1, increased its
investment in this latest funding round. “We are very excited
about our Envysion investment which continues our practice of
investing in promising start-up technology firms in Colorado,”
said High Country Venture partner Jerome Contro.
Columbia Capital, which led the Series B round, Bear Equity, and
a number of angel investors, also continued their participation.
Dan Caruso, Executive Chairman, Matt Steinfort, President and
Chief Operating Officer, and Rob Hagens, Chief Technology
Officer lead Envysion.
This new funding comes as Envysion readies to launch its next
generation video service, Envysion Video. The new service
provides customers with a hosted, web-based video service that
helps them improve their operations. Envysion Video will be sold
on a subscription basis under the software as a service model.
“Envysion has developed a distributed video service with a peer
to peer architecture and a focus on Web 2.0 capabilities that
will significantly differentiate it from traditional video
surveillance. We are excited about the imminent launch of this
innovative new service,” said John Siegel, partner at Columbia
Capital.
Envysion Video is currently being trialed with select customers
and will be released for general availability in March 2007. To
learn more about Envysion and see Envysion Video in action go to
www.envysion.com, where users can try the beta application
today.
Founded in 2001, Envysion, Inc. is a Boulder, Colorado-based
broadband video surveillance company that provides digital video
recording solutions. Our turn-key solutions help retail and
service chains with numerous locations achieve profitability and
brand consistency. Envysion's target customers include fast
food, fast casual and restaurant chains; merchandise retail
stores, and hotel and motel brands.
For more information, please visit
www.Envysion.com |