Live-Video Security Provider Stealth Monitoring Gets ‘Significant’ Equity Investment

Headquartered in Addison and Toronto, Stealth Monitoring also offers analytics and detection offering aimed at deterring crime.

Stealth Monitoring, which is headquartered in Addison and Toronto and is one of the largest and fastest-growing providers of live video monitoring solutions in North America, announced that it has received a significant equity investment from Twin Point Capital.

Auxo Management LP, a privately held investment firm led by Stealth CEO Robert Cherun and President Erik Mikkelsen, will retain a substantial ownership in the company. Existing management will stay in place.

No financial information about the transaction was disclosed. Twin Point Capital is a principal investment firm with offices in Palo Alto, California, and New York City. Stealth Monitoring has grown from its original 50 employees to more than 500 employees, and was founded in 2003.

“This is a great opportunity for the company to put more capital and resources into developing into the world’s leading video surveillance company,” Mikkelsen told the Dallas Business Journal. “The Twin Point team has a great track record of bolstering growth of companies like ours.”

Stealth Monitoring offers variety of services to deter crime

In addition to new capital, Twin Point said its team members bring a level of “operating & technology experience that can be very beneficial for us at our stage.” 

Stealth Monitoring’s services also include analytics and detection offerings focused on deterring crime. Stealth works with customers in designing, installing and implementing its products in sectors such as construction, multifamily residential, retail, and energy.

The company has 15 offices and three redundant live video “command centers,” and monitors more than 25,000 cameras a day. That’s resulted in more than 15,000 deterred crimes and more than 500 arrests annually.

As part of the deal, Stealth Monitoring also raised new debt capital that was provided by Pacific Western Bank and CIBC Bank USA.

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