Motorola VC invests in surveillance startup
The investment marks MicroPower’s first institutional funding round as part of a tranche of $6.5 million, which will be used to promote the company’s line of surveillance devices in new and current markets.
“MicroPower Technologies has a compelling product offering that has quickly become a critical component of surveillance deployments, and its customer references and strong customer pipeline were instrumental to our interest,” said Reese Schroeder, managing director, Motorola Solutions Venture Capital. “We are excited to support a company that is rapidly gaining market share through the development of advanced, security products that address the reliability and economic needs the market demands.”
MicroPower’s IP surveillance innovations incorporate proprietary wireless technologies to enhance data transmission even in heavily congested environments, the company says. Its surveillance system, which includes the Rugged-i and the MiniHub, can be deployed in a matter of hours as no wires or trenching is required, according to the company.
“This strategic investment from Motorola Solutions Venture Capital is a clear validation of the globally competitive nature of our technology,” said Jonathan Siann, founder and CEO, MicroPower Technologies. “We look forward to working with Motorola as we expand on our leading position in the surveillance marketplace.”
Motorola Solutions Venture Capital invests at all stages in developing companies to accelerate access to new technologies, new markets and new talents. According to the company, MicroPower Technologies solutions are complementary to current video initiatives in Motorola Solutions’ government and enterprise verticals. Mel Gaceta, investment manager, Motorola Solutions Venture Capital will join the board of directors as an observer.