# VidSys

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

- Industry: IT Security/Cybersecurity
- Headquarters: Vienna, US
- Website: www.vidsys.com
- Total disclosed funding: $13M
- Latest round: Series B (May 21, 2007)
- Investors on record: 2

## About

VidSys, Inc. provides advanced security information management solutions that integrate various security systems and data sources to enhance situational awareness and incident management for organizations across multiple sectors.Founded in 2005 and headquartered in Vienna, US, VidSys, Inc. specializes in security information management solutions. The company was acquired by ARES Security Corporation in December 2020, which facilitated a shift in operational focus. Michael Cronin is the CEO, who leads the company with a background in technology innovation. VidSys has participated in a total of 16 deals, with its latest funding round in December 2020 raising USD 2.51 mn, equating to the total amount raised of USD 2.51 mn and current company valuation of USD 5.047 mn.VidSys offers AVERT CSIM, a Converged Security Information Management platform that integrates data from diverse security systems. It enhances enterprise security management by transforming real-time data into actionable information. The platform is utilized across various sectors, including corporate, law enforcement, public safety, healthcare, and utilities, aiding in system consolidation, logistics management, and incident management.VidSys generates revenue primarily through subscription-based models for its AVERT CSIM platform. Clients engage in multi-year contracts that provide software access, support, and updates. Revenue streams may also include consulting services for system integration and training, reflecting the company's commitment to developing robust security solutions.VidSys plans to further develop AVERT CSIM with new product features aimed at enhancing user experience and functionalities. The strategy includes expansion into international markets, particularly targeting Europe and Asia, by the end of 2023. The recent funding round of USD 2.51 mn will support product innovation and market expansion efforts, following the acquisition of its assets by ARES Security Corporation in December 2020.

## Funding rounds

- Series B, May 21, 2007, $10M — Flybridge Capital Partners, Motorola Solutions Venture Capital
- Series A, Sep 26, 2005, $3M — Flybridge Capital Partners

## Investors

- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series A, Series B
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Series B