Razberi Technologies, which provides video surveillance and IoT solutions, has bagged $5.8m in a new funding round.
Texan venture capital firm LiveOak Venture Partners led the round, with participation also coming from Chartline Capital Partners. Other backers include the family offices of Ken Boyda and Jiri Modry.
With the fresh funds, the FinTech will grow its platform “rapidly” and release new products later in the year.
The company plans bring in additional investors over the coming months.
Razberi helps businesses deploy, manage and secure video surveillance systems and IoT devices. It combines cybersecurity and health management software to enterprise customers in the finance, government, critical infrastructure, and energy sectors.
Financial institutions can leverage Razberi to tackle credit fraud, identity theft, ATM fraud, and improve cybersecurity and data integrity.
LiveOak founding partner Krishna Srinivasan said, “Razberi has developed a leadership position in the large and fast-growing IoT/video surveillance and cybersecurity market.
“The team has done a great job of building the business, landing prestigious customers and continuing to innovate on strong products at the intersection of video, cybersecurity and remote management. We’re delighted to be working together to continue to create a market leader across these categories.”
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