Plug and Play Chooses Vergence Technologies to Join Accelerator Program

Aug 13, 2015, 08:00 ET from Vergence Technologies

SAN DIEGO, Aug. 13, 2015 /PRNewswire/ -- Vergence Technologies, a cloud based video analytics platform provider, today announced its acceptance into the Plug and Play Startup Camp accelerator program. One of 18 startups selected for this honor, Vergence Technologies beat out over 950 applicants. 

"We chose Vergence Technologies because of the team's background, knowledge about the space, and the unique problem they are tackling," stated Neda Amidi, Principal at Plug and Play Ventures.  "These competencies, along with their cutting edge technology platform, made our informed decision the right choice."

"We are very excited to be building and contributing to the technology culture in San Diego," stated CEO Jon Vrabel. "It is a testament to our commitment and technology to be selected into Plug and Play from 100 other applicants in San Diego and over 950 applicants nationwide. We are grateful for the opportunity and look forward to building our business and changing the way in which video is leveraged."

Vergence Technologies believes traditional video surveillance tools, processes and workflows are antiquated. Without leveraging maps and external data, traditional surveillance does not provide a holistic view, leaving the user with lower situational awareness. The proliferation of video cameras compounds this problem by producing thousands of hours and petabytes of "dumb video" that is not easy to use or search. Additionally the trend of moving storage and computation to the cloud makes expensive on-site equipment obsolete and insecure.

Introducing Vergence Technologies video analytics platform, Perigon.  Perigon is the solution to the expansion of video, by bridging the gap between advanced video analytics and enterprise usability. Perigon provides enriched holistic surveillance by aggregating multiple video streams, video analytics, and disparate data sources into one user intuitive enterprise wide platform and making it highly searchable. With Perigon enterprises can focus on loss prevention, liability and marketing intelligence together all in the cloud.

About Plug and Play Tech Center
Plug and Play Tech Center is the world's largest global technology accelerator and venture fund. Since inception in 2006, their program has expanded worldwide to include entrepreneurs from 24 countries, providing necessary resources to succeed in Silicon Valley. With over 350 startups and 300 corporate partners, they have created the ultimate startup ecosystem. Plug and Play provides active investments with 180 leading Silicon Valley VCs, and more than 365 networking events per year. Companies in their community have raised over $3.5 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.

About Vergence Technologies
Vergence Technologies is bridging the gap between organizations and computer vision research. The Vergence Technologies solution, Perigon, is an intuitive video analytics platform that allows organizations to move its video surveillance systems into the cloud for scalable enterprise use. With Perigon, organizations can utilize computer vision algorithms to enhance usability and exploit data for use across the enterprise. Vergence Technologies is headquartered in San Diego, California. To learn more, visit www.vergence-technologies.com and follow us on Twitter @VergenceTech.

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SOURCE Vergence Technologies



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