US-based video surveillance technology company VideoIQ secured $7.5m in series C funding on Monday as consumer electronics conglomerate Cisco joined existing backers in investing.

The other investors in the round were venture capital firms Atlas Venture, Matrix Partners and Tenaya Capital. VideoIQ obtained $6m in funding in January 2010 with Tenaya making its investment under its former name of Lehman Brothers Venture Partners, while board members from Atlas and Matrix were also among the signatories when the funding was filed.

VideoIQ’s $10m series B round closed in July 2008, and was also funded by Lehman, Matrix and Atlas. The latter two had earlier financed VideoIQ’s series A round, in April 2007, which raised $8m.

VideoIQ, which spun-off from US-based security company GE Security in 2007, works specifically with surveillance video technology, advancing the visual quality and storage facilities available to customers. The funding will be used to accelerate the company’s…

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