VC firms Contour Venture Partners and New Venture Partners are in TimeSight's consortium, while a regulatory filing said the portfolio company raised $3.2m from 10 investors.

TimeSight Systems, a US-based video surveillance systems provider, has raised about $3.2m from a consortium including venture capital (VC) firm New Venture Partners.

VC peer Contour Venture Partners also joined TimeSight’s consortium, while a regulatory filing said the portfolio company raised $3.2m from 10 investors.

TimeSight’s technology compresses video surveillance files over time according to business rules to reduce storage cost.

Rob Rosenberg, partner at New Venture Partners, led the initial venture investment, which was $6.4m according to an…