Wednesday, May 8, 2013

BRS Labs Seeks Funding

Houston-based Behavioral Recognition Systems said today that it has opened up a new, preferred funding round to help support the company's research and development. The firm did not say how much it is looking to raise in its funding efforts, but said it had raised $15M in growth funding in 2012. The announcement is unusual for a company, as the SEC usually frowns upon pre-announcements of funding round efforts. The firm said the round is open only to accredited investors, and will focus on what it say is the "final stage" of development for its products. BRS Labs says it is developing software for the video surveillance industry.