Eyewitness Surveillance provides remote interactive video monitoring, analytics, and operational tools for mid-size and large car dealerships, metal recycling yards, and other fixed industrial facilities. Its state-of-the-art command center employs highly trained remote surveillance officers who observe, analyze, and address activities at clients' facilities to help prevent theft, inventory damage, and false claims. The company’s solutions eliminate the need for onsite guard services while capturing data used to monitor customer foot traffic, employee behavior, and to support sales and customer responsiveness. Eyewitness emphasizes advanced analytics and differentiated operational tools to support sales, customer engagement, and employee management. The company plans to use new capital to expand its services and applications and to grow into new geographic and vertical markets. Capital One provided debt financing in support of the transaction, and Edmonds Group served as financial advisor to Eyewitness. Eyewitness Surveillance provides remote video surveillance and monitoring services to automobile dealerships and other properties with valuable equipment or assets. Its system employs cameras, motion detectors and two-way communication to enable remote security specialists to observe multiple sites, warn intruders and, if necessary, contact law enforcement. The company says its services are typically about half the cost of onsite security guards while improving observational capability, and it emphasizes a sophisticated surveillance technology and first-mover advantages. Eyewitness has established strong market leadership in Maryland and Virginia and plans to roll out services across major U.S. markets. It also intends to enter other asset-concentrated segments such as construction sites, cell phone towers, rail and cargo depots, and solar panel yards. The business model is focused on long-term contracts and recurring revenue; management includes CEO Rush McCloy and President RT Arnold, with founder Larry Adler remaining in a sales and business development role.

Total raised

$2M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2011