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02/22/2007

Envysion Raises $6.5 Million in Second Round of Funding

 

Envysion, Inc. recently announced that it has closed on its second round of equity investment, raising an additional $6.5 million. Envysion had previously raised approximately $3 million in 2006.

High Country Venture, manager of Colorado Fund 1, increased its investment in this latest funding round. “We are very excited about our Envysion investment which continues our practice of investing in promising start-up technology firms in Colorado,” said High Country Venture partner Jerome Contro.

Columbia Capital, which led the Series B round, Bear Equity, and a number of angel investors, also continued their participation. Dan Caruso, Executive Chairman, Matt Steinfort, President and Chief Operating Officer, and Rob Hagens, Chief Technology Officer lead Envysion.

This new funding comes as Envysion readies to launch its next generation video service, Envysion Video. The new service provides customers with a hosted, web-based video service that helps them improve their operations. Envysion Video will be sold on a subscription basis under the software as a service model. “Envysion has developed a distributed video service with a peer to peer architecture and a focus on Web 2.0 capabilities that will significantly differentiate it from traditional video surveillance. We are excited about the imminent launch of this innovative new service,” said John Siegel, partner at Columbia Capital.

Envysion Video is currently being trialed with select customers and will be released for general availability in March 2007. To learn more about Envysion and see Envysion Video in action go to www.envysion.com, where users can try the beta application today.

Founded in 2001, Envysion, Inc. is a Boulder, Colorado-based broadband video surveillance company that provides digital video recording solutions. Our turn-key solutions help retail and service chains with numerous locations achieve profitability and brand consistency. Envysion's target customers include fast food, fast casual and restaurant chains; merchandise retail stores, and hotel and motel brands.

For more information, please visit www.Envysion.com