Osprey Informatics, which develops cloud-based intelligent visual monitoring solutions, this week raised $1.2 million in series A funding.
The round was led by Anzu Partners, an investment firm based in Washington, DC, with participation from existing investors.
The Calgary startup has raised a total of $4 million.
Osprey says will use the funding for sales expansion and to develop the next generation of Osprey Reach, its visual monitoring platform.
The Osprey Reach platform analyzes visual data from mobile or fixed cameras. The platform integrates this data to provide operational insights to enterprises and, more generally, a visual layer for the Industrial Internet of Things.
“We believe that Osprey’s ability to go beyond traditional surveillance and focus on operational efficiency will make it an essential tool for industry,” said Whitney Haring-Smith, Managing Partner at Anzu Partners.
As part of the investment, Haring-Smith will be joining the Board of Directors.
“Our customers have proven the economic value of Osprey Reach for remotely managing industrial operations,” said Michael von Hauff, Osprey’s CEO. “This funding will allow us to expand our customer footprint in North American industrial markets, while continuing to innovate with the Osprey Reach platform. We look forward to working with the team at Anzu Partners.”