Envysion™ Raises $6.5M in Second Round of Funding

BOULDER, Colorado, February 20 /PR Newswire/ -- Envysion™, Inc. today announced that it has closed on its second round of equity investment, raising an additional $6.5 million. Envysion™ had previously raised approximately $3.0 million in 2006.

High Country Venture, manager of Colorado Fund 1, increased its investment in this latest funding round. "We are very excited about our Envysion™ investment which continues our practice of investing in promising start-up technology firms in Colorado," said High Country Venture partner Jerome Contro.

Columbia Capital, which led the Series B round, Bear Equity, and a number of angel investors, also continued their participation. Envysion™ is led by Dan Caruso, Executive Chairman, Matt Steinfort, President and Chief Operating Officer, and Rob Hagens, Chief Technology Officer.

This new funding comes as Envysion™ readies to launch its next generation video service, Envysion™ Video. The new service provides customers with a hosted, web-based video service that helps them improve their operations. Envysion™ Video will be sold on a subscription basis under the software as a service model. "Envysion™ has developed a distributed video service with a peer to peer architecture and a focus on Web 2.0 capabilities that will significantly differentiate it from traditional video surveillance. We are excited about the imminent launch of this innovative new service." said John Siegel, partner at Columbia Capital.