Atlanta-based VistaScape Security Systems, a provider of video surveillance software, announced today that it received $10.5 million in expansion capital from a group of investors led by Paladin Capital Group.
Joining Paladin in this round is H.I.G. Ventures and previouss investors CDP Capital and Visionaria Venture Capital, together with members of VistaScape’s management and undisclosed private investors.
Washington, D.C.-based Paladin specializes in homeland security and anti-terrorism technologies, and VistaScape is no different.
The software – which is used at airports, harbors, borders, energy and chemical facilities, as well as other high-asset installations – analyzes video, radar, GPS and other sensor data to automatically detect threats and issue alerts.
VistaScape will use the funding to open an office in Herndon, Va., underscoring its commitment to the federal market, particularly as government entities adopt new technologies for homeland defense.
H. Lee Buchannan, an advisor for Paladin’s Homeland Security Fund, will join VistaScape’s board. He formerly served as assistant secretary of the Navy and deputy director of DARPA.
Fred Sturgis, a principal at H.I.G., and Mauricio Santillan, CEO of Visionaria, will also join VistaScape’s board.