Seven-Figure Investment Package to Spur Product Development, Sales and Support to Enhance Public Safety
Fremont, CA, Nov. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- V5 Systems will use a seven-figure investment from Decathlon Capital Partners to advance development of the company’s award-winning self-powered edge computing technology providing solutions to expand Safe and Smart City initiatives. Funds will also aid the company in expanding sales and customer support.
V5 Systems has developed turnkey security solutions including video surveillance, license plate reading and gunshot detection built on their outdoor self-powered computing platform for a broad range of industries. Technology includes artificial intelligence running at the edge (on the device itself) enabling real-time alerts and cloud computing enabling rapid product scalability; all helping to easily expand the Industrial IoT (Internet of Things) in the outdoors. All turnkey solutions are powered through a combination of solar, battery and power management system coupled with wireless connectivity enable them to be installed virtually anywhere.
The company found success with its core mission, to help enhance public safety by deliver a security solution that could be deployed rapidly in any outdoor environment without having to tap into fixed power or modify existing land or structures to access power and connectivity. Executives with the company say the Decathlon investment will help build upon V5 Systems’ successful platform and position it for growth.
“Our objective is to continue to innovate and be the leader in developing technology to enhance and expand the Industrial IoT to the outdoors,” said CEO Steven Yung. “Decathlon’s trust in our vision will help position us as the frontrunner in this technology.”
“We are committed to delivering these products and services while always recognizing the importance of customers and partners by providing the highest level of enterprise support and customer service,” said V5 Systems co-founder and president Mazin Bedwan. “With Decathlon’s support for our plans, we will be able to ramp up our sales efforts and client support.”
V5 Systems technology has been adopted by a broad range of industries, including law enforcement, schools and enterprise campuses, oil and gas corporations, retail parking lots, sporting venues, airports, and many others.
“The technology developed by V5 Systems demonstrates their commitment to building a smarter, safer world,” said Decathlon’s John Borchers. “We’re pleased to be a part of that.”
About V5 Systems
V5 Systems is an award-winning technology company that provides leading-edge portable, wireless, self-powered outdoor computing and security solutions for Industrial IoT applications. Multiple awards confirm the technology’s uniqueness and market relevance within both the Industrial IoT and security industries. Not only have industry leaders such as Oracle, Dell, Intel, Nvidia, VMware and Axis Communications and Channel Distribution Leaders such as Synnex and Arrow Electronics validated our solution through partnerships, but, most importantly, we are customer-proven with thousands of units deployed in the field. Learn more at: https://v5systems.us/
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at https://www.decathloncapital.com/.