HS investor conferenceCernium raises $10 million

Reston, Virginia-based video analytic specialist Cernium Corporation has received $10 million in new funding from Chicago-based Lurie Investments. The company will use the investment to expand its growing number of branded and private-label products for physical security, business intelligence, and video content distribution. “We are delighted to continue our partnership with Lurie Investments,” said Craig Chambers, president and CEO of Cernium. “Our investors support our vision and commitment to bring analytics-enabled products into the commercial and consumer mainstream.”

“Cernium’s seasoned leadership team knows how to exploit technology to deliver market-shifting products. We’re confident in their success and stand behind their vision for the brand,” said Bill White, executive vice president of Lurie Investments. Cernium’s analytics engine, P-Core, performs advanced event analysis with what the company says is only a fraction of the processing power required by comparable solutions. P-Core can process multiple, concurrent video streams in real time for different types of events.

Cernium’s current products include Cernium High Density Analytics Server (HDAS), an efficient analytics-only solution for large enterprise video surveillance installations; PoolOptix, a private label application for commercial pool security developed in partnership with S.R. Smith; Cernium Edge, advanced video analytics for digital signal processors; Perceptrak, and ExitSentry.