# Aimetis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aimetis

- Industry: Software
- Headquarters: Waterloo, Canada
- Website: www.aimetis.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Mar 1, 2010)
- Investors on record: 2

## About

Aimetis Corp. specializes in advanced security solutions, focusing on video management systems and perimeter intrusion detection. Their innovative approach enhances surveillance capabilities, addressing critical security needs across various sectors.Founded in 2001, Aimetis Corp. is based in Waterloo, Canada. The company provides integrated security solutions, including intelligent video analytics. In April 2016, Magal Security Systems Ltd. acquired Aimetis for USD 14 million, enhancing its strategic growth in security solutions. The firm has completed two deals to date, with the latest funding round being an Add-on Trade Sale in which Magal Security Systems Ltd. was the lead investor. Aimetis's founder has a background in tech innovation, contributing to the company's development in the security domain.Aimetis offers a range of advanced security solutions primarily focused on perimeter intrusion detection and video management systems. Their core products include intelligent video analytics, enhancing surveillance capabilities through AI to identify potential security threats in real time. The company also provides integrated security solutions that combine hardware and software, designed for critical infrastructure, such as airports and government facilities, meeting security demands across various sectors, including transportation and public safety.Aimetis generates revenue through direct sales and partnerships, adhering to a business-to-business (B2B) model. Revenue streams are primarily from the sale of flagship products like video management software and perimeter security solutions. Transactions typically involve an initial equipment purchase followed by annual maintenance and support agreements, fostering long-term relationships with clients, which include both private enterprises and government agencies.Aimetis aims to leverage the recent acquisition by Magal Security Systems Ltd. to enhance its growth strategy in advanced security solutions. The acquisition will support initiatives focused on expanding into new markets and regions, particularly in North America and Europe. There are plans to launch new products designed to address emerging security challenges within the next 12 months. The long-term strategy includes capitalizing on the growing demand for security solutions, driven by the latest USD 14 million funding from the acquisition.

## Funding rounds

- Series A, Mar 1, 2010, $4.8M — Covington, VentureLink

## Investors

- Covington (https://capitalatlas.ai/funds/covington) — Series A
- VentureLink — Series A