Intelligent Video surveillance startup Razberi secures $5.8 million to accelerate growth and roll-out new products
Razberi Technologies, a tech startup and provider of simple, secure video surveillance and IoT solutions, has raised today an investment of $5.8 million to build out its market coverage and continuing to deliver industry-leading products. The round was led by LiveOak Venture Partners, with participation from Chartline Capital Partners and other investors. Razberi intends to bring on additional investors over the coming months.
Founded in 2011 Tom Galvin, Farmers Branch, Texas-based Razberi Technologies is developer and manufacturer of network video solutions for professional video surveillance and security applications. The company is an innovator in providing ground-breaking solutions designed for simplicity and ease-of-use. Razberi Technologies offers a full range of plug-and-play network recorders, IP cameras and installation tools. The company’s flagship product is the patent-pending Razberi ServerSwitch that combines the functions of a network video recorder and Ethernet Smart Switch into a single compact appliance.
“This financing will give us the opportunity to continue to grow the business rapidly and roll-out fantastic new products in the coming year,” said Doug Dickerson, CEO Razberi Technologies.
Razberi has won more than ten prestigious awards for cybersecurity and video surveillance, including three awards in 2019 for Best New Product from Security Today, Security Industry Association (SIA), and Security Sales & Integration (SSI).
“Razberi has developed a leadership position in the large and fast-growing IoT / video surveillance and cybersecurity market,” said Krishna Srinivasan, Founding Partner at LiveOak and Board Member at Razberi. “The team has done a great job of building the business, landing prestigious customers and continuing to innovate on strong products at the intersection of video, cybersecurity and remote management. We’re delighted to be working together to continue to create a market leader across these categories.”
Designed to meet the needs of any sized organization, Razberi offers intelligent appliances for video surveillance and IoT, automated cybersecurity, and health monitoring software. Razberi appliances are compatible with a wide range of top video management software and network cameras. Razberi is headquartered in Dallas.