Vidsys, a US-based information management and security software provider that counts communications equipment maker Motorola Solutions as an investor, has raised $11m in new funding.
The capital was provided by venture capital firm Harmony Partners and existing Vidsys investors NewSpring Capital, Atlanta Equity, Flybridge Capital Partners and JVax Investment Group.
Founded in 2005, Vidsys has built a browser-based platform that uses mobile and web-based technology to gather and correlate large amounts of data for an organisation, then filtering it into useful information.
Vidsys will use the funding to expand its internet of things and virtualised services platform, which is used for smart cities, intelligent transportation and business intelligence.
The round brought Vidsys’ overall debt and equity financing to almost $43m, $15.7m of which came from a 2013 round featuring Motorola Solutions Venture Capital, Motorola Solution’s corporate venturing unit, Atlanta Equity, Flybridge and JVax.
Motorola Solutions VC’s predecessor, Motorola Ventures, had already taken part in a $10m series B round in 2007 that included IDG Ventures, the corporate venturing arm of IT media firm International Data Group. IDG Ventures initially provided $3m for Vidsys in 2005.