Miami, FL April 15, 2010 – Eyecast (formerly OCP), a global leader in cloud-based video surveillance, today announced a new round of equity funding for the Company. OCP is a service provider of cloud based video surveillance technology for residential and business customers initially in the U.S. OCP will use the new capital to fund continuing hardware and software development for next generation encoder, server and network management technology. The Company plans to go to market during calendar year 2010 with its service offering directly to retail customers and in 2011, it plans on providing wholesale services to broadband service providers so they can resell to their retail customers.
“Despite being a difficult market to raise venture investment money, the company was over-subscribed by 22.5% and closed on time and as planned” said John DuBois, CEO. The company raised its B round funding from private investors, including 100% participation from its A round investors and 15 new investors.
About Eyecast
Based in Sunrise, Florida, Eyecast is a global leader in cloud-based video surveillance. The Company is a wholesale service provider of cloud-based video surveillance that develops and manufactures its own proprietary hardware and software systems for internal consumption. To learn more about Eyecast, visit the company’s web site at www.eyecast.com.