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Netra Systems Selected to Join Elite Techstars Boston 2015 Class. Richard Lee Will Also be Joining Netra as CEO.


Boston, MA, June 10, 2015 --(PR.com)-- Netra Systems, Inc., a developer of proprietary visual search and video analytics software, is proud to announce that it was selected to participate in the elite Techstars program as part of its Boston 2015 class. Techstars is the best global ecosystem for entrepreneurs to bring new technologies to market wherever they choose to build their business.

“We are extremely excited to be a part of the global Techstars ecosystem,” commented Shashi Kant, Co-Founder and Chief Technology Officer for Netra. “Building a start-up is extremely hard, so having real-time access to the amazing Boston Techstars team, not to mention the incredible Mentor network will help focus Netra’s business model and go-to-market strategy to really accelerate our growth.”

Netra also announced that Richard Lee will join the company as Chief Executive Officer, having first collaborated with Shashi at the MIT Auto-ID Center over a decade ago. Richard joins Netra from Shaser Bioscience (majority acquired by Spectrum Brands in November 2012), where he was VP Global Marketing and Strategic Partnerships. Previously, he worked at Procter & Gamble, Gillette, and PwC, and received his MBA from the MIT Sloan School of Management.

“This is truly an exciting time for Netra - we’ve recently launched our alpha version of the IRIS+ video analytics product with several customers, and strong interest from many others for pilots,” mentioned Mr. Lee. “Being a part of Techstars will only further increase our profile among potential customers, strategic partners, employees, as well as investors. We’ve already made extremely valuable connections directly as a result of the Techstars network.”

About Netra Systems:
Netra Systems has developed visual search and analytics software that helps companies deal with the growing tsunami of photos and video using machine vision and deep learning algorithms developed from research at MIT’s Computer Science and Artificial Intelligence Laboratory. Netra is initially focused on the surveillance market, with 200 million cameras installed around the world which can use its software through the cloud or local versions, to unlock untapped revenue and cost-savings opportunities. Netra’s technology is in pilot with several global companies in the surveillance and retail space. Learn more at www.netra.io.

About Techstars:
Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to build their business. With 18 mentorship‐driven accelerator programs worldwide, Techstars exists to support the world’s most promising entrepreneurs throughout their lifelong journey. Techstars provides access to over 5,000 founders, mentors investors, and corporate partners, allowing entrepreneurs to accelerate the pace of innovation and do more faster. Techstars makes entrepreneurship more accessible by providing access to capital, guidance, marketing, business development, customer acquisition, and recruitment.

For more information, visit www.techstars.com.
Contact Information
Netra Systems
Richard Lee
857-204-5869
Contact
www.netra.io
Attached Files
Netra Techstars Press Release
Filename: NetraTechstarsRLPressRelease0.pdf

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