The Fribourg based Morphean developed a platform that makes video surveillance and monitoring relevant and easy. The startup has received a new investment from the German based Kötter GmbH. With Kötter as a partner, Morphean is now set for growth and expansion.
Based on the latest IoT and cloud technologies, the Morphean platform improves security by providing intelligent and proactive monitoring. The data provided by each connected IoT device also enables companies to monitor trends and improve performance through actionable insights provided by Artificial Intelligence.
Market growth is driven by end-users’ demands for a higher return on investment (ROI) from their security facilities, which can be achieved by gaining more insight from their data. In addition, in the new age of security, installers and integrators are looking for simple system set-ups, platforms for cyber security, and increased revenue opportunities. Morphean’s secure cloud analytics platform successfully helps customers and installers achieve these goals.
The startup is now embarking on a new journey, thanks to the receipt of a new investment from the German based Kötter Invest GmbH, a division of the KÖTTER Group, which also includes KÖTTER Security, the largest family-run security service provider in Germany. Kötter joins Morphean’s existing shareholders, such as Securitas Group Switzerland, Swisscom, AM-Tec, Capital Risque Fribourg and iCortex.
According to Morphean, this latest round of financing confirms once again that digitisation and cutting-edge technologies using the Internet of Things (IoT), the Cloud and Artificial Intelligence (AI) are fundamentally changing the security and business intelligence industry. A continuous investment of this kind is indicative of the rising curve of the business intelligence market, which is continuing its expansion and will reach a total volume of USD 22.8 billion by the end of 2020 according to Gartner’s forecast.
Friedrich P. Kötter says; “Our customers’ needs are constantly evolving. Thanks to the digital technologies provided by Morphean, we can offer our customers improved and more individual solutions. In addition, the increase in digitisation and IoT has led to an overabundance of data that must be managed in a secure and intelligent manner. Our investment partnership will help open a new chapter in Security-as-a-Service.”
Rodrigue Zbinden, CEO of Morphean, adds: “Morphean raises the bar for the application of video surveillance and access control systems. This latest investment underlines the fact that our vision of the future is becoming reality”.
(Press release/ran)
Please login or sign up to comment.
Commenting guidelines