Kolkata-based video surveillance solution provider Videonetics has secured an undisclosed amount of investment from Reliance Industries’ investment arm GenNext Ventures, reports The Economic Times. This is GenNext ventures’ second investment after investing in the real-time analytics platform software provider Covacsis earlier in the month.
The company has told Medianama via email that it plans to use the investment raised to expand to other geographies, and scaling its operations across various sections like R&D, engineering, product portfolio and business development.
Founded by Tinku Acharya, Videonetics has developed a video management software for businesses to conduct video surveillance across multiple platforms and sites. It also comes integrated with a video analytics service for monitoring of crowd, faces, traffic, vehicles, perimeter and objects as well as movement, behaviour, track and statistical analysis.
Apart from this, it offers surveillance solutions for automated number plate recognition, red light violation detection, face detection and recognition among others. It also offers business intelligence solutions for retail businesses which claims to monitor the customers’ attention to various products, how they navigate within the store and detect the queue length at POS counters.
Other solutions include Smart Van which allows remote monitoring of public gatherings from the police control room while police vans are on the move and Video Precis which claims to condense “meaningful activity in a scene” in an overlapped time scale, enabling users to quickly glance through hours of activity in a few minutes.
Clients: Videonetics’s clients include Airport Authority of India which is apparently using it in 59 airports in India including international terminals at Kolkata and Chennai, South-Eastern Railways which is using Videonetics’s solutions in five major railway stations in its railway zone, Kerala’s Intelligent Traffic & Law Enforcement system, Kolkata’s Infinity IT Park, Abu Dhabi’s Capital Plaza Mall and Mushriff Mall, Chennai’s Anna Library, Chandigarh High Court, Exide Industries, Welspun and Indian Oil Corporation among others.
RIL & Surveillance: It’s worth noting that a Reliance Industries-led consortium had reportedly secured an internal security deal worth Rs 1,000 crore in May 2012, for installing CCTV cameras at all major traffic junctions in Mumbai and broadcasting real time video footage from these cameras to a control room.
RIL’s subsidiary company Reliance Security Solutions had also signed a memorandum of understanding (MoU) with Siemens for homeland security solutions in May 2011. The company had then claimed to have an integrated security automation system consisting of over 12,000 cameras apart from other security sensors, radars, and video analytics among others.
Updates: Added Videonetics’ response on their plans to use the investment raised.