SecurityWorldMarket

03/01/2009

Intellio gets 750 000 USD in new funding

Budapest, Hungary

A total of 750,000 USD in new funding was garnered by security camera developer and producer Intellio Ltd. The new financing will be used to boost product development, increase manufacturing capacities, and broaden the scale of international expansion. This round was led by Primus Central Europe Funds, joined by another American venture capital firm and one private investor.


"Intellio significantly expanded the distribution network and volume of its self-developed intelligent security cameras and surveillance systems based on in-built, real-time video content analysis and retrospective event-tracking. The most intense expansion took place in Italy, Holland and England, due to new distributors and security systems integrators realizing the impressive value/price ratio of our products and the competitive strength of our technology compared even to large manufacturers," says János Kópházi, CEO of Intellio.

"We managed to achieve a breakthrough in domestic and international markets primarily in the field of traffic surveillance, intruder detection and property defense. The new round of investment will enable us to boost our development activities, further improve the VCA functionality of our cameras and expand our product portfolio, while continuing to serve our customers with the same commitment to high standards as in the past," Mr Kópházi continues.

"The specialty of the Intellio system is that the in-built Video Content Analysis (VCA) capabilities contribute to the decreasing of the data traffic between the cameras and the servers. Automated event recognition boosts the efficiency of human-powered surveillance in complex systems consisting of dozens or hundreds of cameras by utilizing the camera itself to draw the attention of operators to critical security events (e.g. movement or disappearance of objects, crowd formation, etc.). These alarms are triggered off by the events being watched, thereby cutting back on the demand for continuous data storage. The system is well-scalable to allow for its analytic tools to be expanded at any time on a camera-by-camera basis, resulting in considerable savings throughout the lifespan of the system," says Kópházi.

Intellio currently has a product line of 16 products in 6 product categories with various intelligent, optical and resolution capabilities. Another product line features the cameras of the Network Series with four cameras equipped with basic VCA functionality.

"In a cost-sensitive market Intellio is developing and producing state-of-the-art technology that could yield up to 30-40 percent in savings for system integrators and end-users. According to international studies, in the next 3-4 years we are going to witness the most massive increase in video content analysis with on-board intelligence," explained the CEO of Primus Capital Ltd the rationale for the investment. A report by IMS Research forecasts that the video content analysis penetration into network surveillance cameras will exceed 40 percent by 2012. The market research and consulting company also predicts network cameras will be the main hardware platform for embedded analytics. The intelligent network camera market is forecasted to grow faster than the intelligent video encoder, embedded NVR and DVR markets up to 2012.

In spring 2005 Intellio raised nearly 1 million dollars in venture capital funding, primarily from Primus II Funds. The current round of funding was led by Primus Central Europe Funds, investing USD 200.000, while USD 550.000 was provided by an additional American venture capital firm and a private investor. The investment is being realized in four phases during 2008-2009.



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