Founded in 2002, 3VR pioneered the first intelligent video surveillance solution, which has become a new standard for the security surveillance market, states 3VR. In the past year, the company has released its S-Series SmartRecorder, a new platform surveillance solution, forged channel partnerships with industry leaders including Diebold and Ingersoll Rand, and continued to build its base of over 600 customers in industries ranging from retail and hospitality to banking and government.

"This financing is a testament to the burgeoning market for searchable surveillance solutions and the great momentum we have established in the industry" said Al Shipp, CEO at 3VR Security, Inc. "The ability to combine advanced analytics and biometrics into a single surveillance platform with simple integration options is one of the most significant developments in the history of the security industry. Comprehensive surveillance platforms are fast becoming table stakes for any company looking to more efficiently combat fraud and improve the overall security and profitability of their operations."

"In 3VR, you have a company that is offering new levels of innovation while continuing to provide its customers with the industry's most sophisticated video management platform overall," said Sonja Hoel Perkins, managing director at Menlo Ventures. "We have been impressed with 3VR's incredible momentum, upside potential and ability to deliver completely unique technology in a broad and fast-growing market."