Motorola Solutions Venture Capital, the corporate venturing unit of the eponymous phone equipment maker, has led a $6.5m round in BriefCam, an Israel-based developer of software to analyse surveillance video, according to news provider Globes.
Founded in December 2007, in March 2009 BriefCam raised $2.6m in its series A round led by Aviv Venture Capital and angel investors, including people from the closed-circuit television surveillance industry.
This investment is Motorola Solutions’ second in the Israeli market and third in the surveillance video space since 2011.
Boaz Or-Shraga, managing director of Motorola Solutions Venture Capital, said: “The substantial growth in the amount of surveillance videos created each year provides new opportunities for public safety and other industries, and we’re glad to seize such an opportunity.”
Dror Irani, executive president of BriefCam, added: “It is our hope that Motorola Solutions’ experience and global presence opens new opportunities for BriefCam in areas such as public safety, safer cities and law enforcement, as well as enterprise and retail. We expect Motorola Solutions’ global presence will also assist BriefCam greatly in accelerating penetration of new geographic regions where we have not been active to date.”