United States. Razberi Technologies announced a $5.8 million investment led by LiveOak Venture Partners, a venture capital fund based in Austin, Texas. LiveOak will invest in equity with Chartline Capital Partners and other investors, including the family offices of industry leaders Ken Boyda and Jiri Modry.
"This funding will give us the opportunity to continue to grow the business quickly and launch fantastic new products in the coming year," said Doug Dickerson, CEO of Razberi Technologies.
Razberi has won more than ten awards for cybersecurity and video surveillance, including three awards in 2019 for Best New Product from Security Today, Security Industry Association (SIA) and Security Sales & Integration (SSI).
"Razberi has developed a leading position in the large and fast-growing IoT/video surveillance and cybersecurity market," said Krishna Srinivasan, Founding Partner of LiveOak and Member of the Razberi Board. "The team has done a great job of developing the business, securing prestige customers and continuing to innovate on strong products at the intersection of video, cybersecurity and remote management. We are delighted to be working together to continue to create a market leader in these categories."
Razberi will apply the funds to develop its market coverage and continue to deliver industry-leading products. Razberi intends to attract additional investors in the coming months.
