"Over the last decade, demand for physical security solutions has skyrocketed. IP video surveillance and video analytics are seen as the future of the industry, yet no vendor has been able to deliver solutions that overcome the large network and storage requirements, unreliable detection, and high costs that have stood in the way of widespread use," said Brian Paul, partner, Lehman Brothers Venture Partners. "VideoIQ is changing all of that. It is revolutionizing the industry by enabling companies of all sizes to cost-effectively implement intelligent video surveillance, in which analytics is not just an 'add on' but rather the foundation that drives the benefits of the entire system. We are excited to work with VideoIQ to make intelligence part of every surveillance system out there."

Launched in spring 2008, the VideoIQ iCVR (intelligent Camera with Video Recording) builds advanced video analytics, content-aware storage and intelligent networking into high-quality IP security cameras. The VideoIQ iCVR offers capabilities that include: 1) plug-and-play, real-time analytics that warn of threats, without the need for calibration and set up; 2) powerful appearance-based search that enables users to search for a particular person or vehicle across all cameras with the click of the mouse; and 3) an intelligent architecture that maximizes storage quality and minimizes network bandwidth requirements.

"We are thrilled with the tremendous response we are receiving from the market since launching our intelligent camera earlier this year," said Scott Schnell, president and CEO, VideoIQ. "With this new round of capital and the continued support of our investors, we'll build on this momentum by aggressively forging into new markets, broadening alliances, and further building out our line of intelligent video surveillance solutions."