21Ventures expands Israeli investment

21Ventures, a US investment company, said it has invested $3 million in surveillance software company Agent Video Intelligence Inc., in a B financing round, bringing its total investment in Agent Video to $13m.

"We have built a solid foundation across the globe with our software systems and have consequently achieved significant product validation," said David Anthony, managing partner of 21Ventures, a US investment company comprised of American businessmen, and a board member of Agent Video. "With success, however, comes a rise in customer needs and requirements. The investment today will support an increase in the sales and marketing teams in Asia, Europe, as well as in North and South America in order to meet these demands."

Agent Video offers the only enterprise-grade solution in video intelligence and video content analysis technology and is the first company to provide embedded and distributed artificial-intelligence video analytics software with the low bandwith required by video surveillance networks to support extremely large numbers of cameras.

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By MATTHEW KRIEGER