Lurie Investments to Back Leading Developer of Analytics-Enabled Products
Reston, VA December 4, 2007 Cernium Corporation, the leading developer of video analytics enabled products, announced today that it has received $10 million in new funding from Chicago-based Lurie Investments, LLC. The company will use the investment to further expand its growing suite of branded and private-label products to deploy practical, cost-efficient solutions for physical security, business intelligence and video content distribution.
We are delighted to continue our partnership with Lurie Investments, said Craig Chambers, president and CEO of Cernium. Our investors support our vision and commitment to bring analytics-enabled products into the commercial and consumer mainstream.
Cerniums seasoned leadership team knows how to exploit technology to deliver market-shifting products. Were confident in their success and stand behind their vision for the brand, said Bill White, executive vice president of Lurie Investments.
Cerniums analytics engine, P-Core, is unmatched in its ability to perform advanced event analysis with only a fraction of the processing power required by comparable solutions. P-Core can process multiple, concurrent video streams in real time for any number of event types, resulting in a greater ability to extract useful information from video at a much lower cost. Cernium products have the longest proven track record among video analytics providers in assisting customers with critical safety, security, operational and business decision-making concerns.
The companys current product offering includes Cernium High Density Analytics Server (HDAS), the most efficient analytics-only solution for large enterprise video surveillance installations; PoolOptix, a private label application for commercial pool security developed in partnership with S.R. Smith; Cernium Edge, advanced video analytics for digital signal processors; Perceptrak and ExitSentry. For more information on Cernium and its products, visit www.cernium.com.