Smartvue Corporation announced a closing of a $3.85 million Series A investment to support its growth as one of the world’s leading cloud video surveillance platform companies. Headquartered in Nashville, Tenn., Smartvue’s expansion includes a dozen newly hired employees and a new, larger office space to meet the demands of its dramatic growth.

Smartvue plans to use the investment to continue to strengthen capabilities with new solutions and expand its intellectual property portfolio, which currently includes more than 22 patents.

The company has hired twelve new employees over the last two months and will continue to hire new employees throughout 2014 to keep up with the rapid pace of its growing demand.

The investment represents another important step in the expansion of Smartvue Corporation and growth in the Nashville technology sector.

"We make the world a safer and smarter place by delivering complex cloud video technologies in a simple and elegant surveillance solution," said Martin Renkis, Founder and CEO of Smartvue Corporation. "2014 bookings are up 400 percent over last year, and this new capital provides us the resources to continue to innovate and deliver the world’s leading video surveillance cloud platform."

Smartvue Series A investors include David Dorman, former CEO of AT&T and Chairman of Motorola, as well as Arthur Laffer, Chairman of Laffer Associates and former economic advisor to President Ronald Reagan.

"Making simple things complicated is commonplace," said Laffer. "”Making complex technologies simple is a challenge, and with this investment Smartvue will continue to define the industry standard by delivering low cost, big data business intelligence with its elegantly simple cloud video surveillance solutions.” […]

Source www.asmag.com