Intellistream closes £1M round

Funding round closed

Intellistream, a developer of technology for interactive mobile video applications, has closed a £1 million funding round, following the first significant contract for its technology. The round was led by London Technology Fund (LTF), a local specialist investor in new technology companies,

The funding will enable Intellistream to develop further its initial target market, providing the ability to remotely access and control security/CCTV cameras from mobile phones. The company says its technology offers advantages over competing interactive mobile video solutions because it is easy to manage, readily scalable, reliable and has low latency and high responsiveness.

Jim Beagle, CEO of Intellistream, said, “We have now demonstrated the attraction of our products in the security market and have successfully secured our first significant contract. The funding will help us accelerate the further commercial roll-out of the technology.”

Intellistream was founded in early 2006 to commercialise interactive mobile video applications. It technology, Unistream, was initially developed to operate over the video calling feature built into all 3G handsets, but has been expanded to cover IP-based smart-phone handsets, such as those which can use both 2.5G or 3G networks via a downloaded client. The company is initially targeting the security and safety market offering remote access to CCTV cameras from mobile phones.