Motorola Solutions Venture Capital, the corporate venturing fund representing communications equipment provider Motorola Solutions, invested $6.5m in US-based wireless surveillance company MicroPower Technologies on Monday.
The $6.5m tranche made up the first round of funding received by MicroPower, and will be invested in marketing the company’s surveillance devices in both new and existing markets.
MicroPower is the developer of a range of wireless, solar powered video surveillance equipment that uses relatively little power while retaining reliability and image quality. Since no wires are required for installation, the systems can be set up far more quickly than conventional equipment.
Reese Schroeder, managing director of Motorola Solutions Venture Capital, said: "MicroPower Technologies has a compelling product offering that has quickly become a critical component of surveillance deployments, and its customer references and strong customer pipeline were instrumental to our interest. We are excited to support a company that is rapidly gaining market share through the development of advanced security products that address the reliability and economic needs the market demands."