Vidsys provides a web-enabled Converged Security and Information Management (CSIM) and Physical Security Information Management (PSIM) software platform that connects, correlates and converts data from sensors, devices, systems and services into actionable information. The platform is hardware-, protocol-, and device-agnostic and offers bi-directional, browser-based APIs and SDKs for rapid deployment and real-time situational awareness. Vidsys' software is used across Transportation, Energy, Utility, Healthcare, and Government verticals and has been adopted by more than 100 end-users across 14 countries on five continents, including Fortune 500 corporations and government agencies. Founded in 2005 and headquartered in Vienna, Virginia, the company has expanded its capabilities into IoT, virtualized services, and big-data-driven business intelligence for smart cities and intelligent transportation. Vidsys announced an $11 million equity financing to support growing international operations, customer support and product development. The company plans to use the proceeds to expand its IoT and virtualized services platform applications for smart/future cities, intelligent transportation, and advanced business intelligence solutions. VidSys builds a PSIM software platform that fuses and correlates data from disparate physical security systems, sensors and networked management applications to provide a single operational view and automated incident management. The platform delivers situational awareness via mobile devices, supports 3-D visualization and enables interoperability among multiple organizations for coordinated incident response. VidSys positions its integration platform for cloud-based solutions and the convergence of security, building management and IT network tools. The company was founded in 2005 and is headquartered in Vienna, Virginia, with additional offices in Massachusetts, the U.K., the Middle East and Brazil. VidSys announced a $15.65 million equity financing led by NewSpring Growth Capital to support global expansion, continued innovation and growth. Marc R. Lederman of NewSpring joined the VidSys board as part of the investment. VidSys provides a transformational Physical Security Information Management (PSIM) software platform used to run operations centers for public sector agencies and leading enterprise organizations globally. The platform aggregates data from virtually any type, brand or generation of physical security system or sensor, as well as from networked management applications, to create actionable intelligence and enable real-time collaboration across single or multiple entities. It leverages mobile devices to deliver instant situational awareness and mission-critical intelligence to first responders, senior executives and other authorized parties. Led by CEO Michael P. Jackson and based in Vienna, Virginia, the company focuses on operationalizing security data for decision-makers. The article reports VidSys received a $3M venture loan which the CFO said enhances liquidity and strengthens the ability to reach key corporate milestones and continue to grow the business. VidSys is a Vienna, VA–based provider of Physical Security Information Management (PSIM) software. Its products include the Open PSIM Platform™, multi-vendor video management VidShield™, and situation management RiskShield™. The company’s solutions aim to help organizations reduce operational costs and increase safety, security, and asset protection in real time. VidSys’ software is used in command centers including three of the top four cities in North America and by a number of Fortune 100 global companies. It operates additional offices in Massachusetts, the United Kingdom and the Middle East. Led by CEO Chuck Teubner and founder/CTO James Chong, the company intends to use new funds for research and development to develop further solutions.

Total raised

$30M

Funding rounds

4

Latest round

Equity

Latest activity

Apr 2016