
3VR Security, Inc., , the pioneer of Searchable Surveillance Systems(TM), today announced that Stephen Russell, 3VR CEO and founder, has been named to
Stephen Russell, CEO of 3VR and number 8 on the list commented: "It's quite an honor to be included in such an impressive group. I think it says a lot about what we've been able to accomplish at 3VR, and the particular brand of entrepreneurship we practice here. We took a big risk, and a healthy leap of faith, entering the world of physical security, but it turns out, that's exactly what the market needed."
3VR is the first company to deliver a Searchable Surveillance System, a platform that combines intelligent video recording with face recognition and other analytics as well as data and applications to make video surveillance highly effective for stopping crime and improving investigations. 3VR leads an important and growing market which is estimated to reach $7.2 billion by 2008. Under Russell's leadership, 3VR announced that it closed $15M in Series C Funding at a significant increase in valuation in Q4 of 2006. 3VR is funded by DAG Ventures, a fund that brings depth in cable TV, infrastructure, media and wireless industries; VantagePoint Venture Partners, one of the largest venture capital firms in the U.S; In-Q-Tel, a private strategic venture firm managed by U.S. intelligence community; and Kleiner Perkins, Caulfield & Buyers, one of the leading technology venture firms.
American Venture Magazine's Editor, Florencia Lazaroni states: "We considered hundreds of candidates, identifying the remarkable 40 finalists who exhibited the highest degree of professionalism and vision, development strategy and achievement, and who are poised to make major moves in 2007. These young seasoned leaders, who have managed their way through changing business cycles, stimulating the emerging technology environment and putting together fantastic teams are definitely doing something right."