Milestone systems - About the company
Milestone systems is an acquired company based in Copenhagen (Denmark), founded in 1998 by Bikash Bhandari, Henrik Friborg Jacobsen and John Blem. It operates as a Developer of AI and cloud-based video management software. Milestone systems has raised $41.8M in funding, with last known valuation of $*****.
Company Details
Developer of AI and cloud-based video management software. It provides users with a platform that offers both software and NVRs and incorporates facial recognition, voice recognition, smoke detection, motion detection, and video tracking. It also provides solutions to enable organizations to manage risks, protect people and assets, optimise processes, and real-time identification and authorization of people.
- Website
- www.milestonesys.com/
- Social
- Email ID
- *****@milestonesys.com
- Phone Number
- +45 **********
- Registered Address
- Lake Oswego, Oregon
Key Metrics
Founded Year
1998
Location
Copenhagen, Denmark
Stage
Acquired
Total Funding
$41.8M in 7 rounds
Latest Funding Round
Last Known Valuation
$***** as on Dec 05, 2013
Investors
Ranked
1st among 2 active competitors
Employee Count
1,687 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Canon (Jun 13, 2014)
Legal entities associated with Milestone systems
Milestone systems is associated with 7 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Milestone CIN: 40203297600 , Latvia, Active | Mar 03, 2021 | €0 - €1M (As on Dec 31, 2024) | 2 (As on Dec 31, 2022) | - |
MILESTONE CIN: 40003875023 , Latvia, Deadpooled | Nov 17, 2006 | €0 - €1M (As on Dec 31, 2015) | 2 (As on Dec 31, 2015) | - |
Milestone Integration Services ApS CIN: 38582208 , Denmark, Active | Apr 11, 2017 | - | 18 (As on Aug 31, 2024) | |
Milestone Company ApS CIN: 39916282 , Denmark, Active | Oct 01, 2018 | - | - | |
MILESTONE X-PROTECT INDIA PRIVATE LIMITED CIN: U74140DL2015PTC275602 , India, Active | Jan 16, 2015 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 23 (As on Mar 31, 2024) | |
Milestone Systems A/s CIN: 20341130 , Denmark, Active | Jul 31, 1997 | - | 1471 (As on Dec 31, 2024) | |
MILESTONE SYSTEMS, INC. CIN: 202338847 , United States, Active | Dec 26, 999 | - | 290 (As on Dec 31, 2024) | - |
Milestone systems's acquisition details
Milestone systems got acquired by Canon on Jun 13, 2014.
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Milestone systems's funding and investors
Milestone systems has raised a total funding of $41.8M over 7 rounds. Its first funding round was on Dec 19, 2002. Its latest funding round was a Grant (prize money) round on Sep 01, 2018 for $*****. 1 investor participated in its latest round. Milestone systems has 4 institutional investors.
Here is the list of recent funding rounds of Milestone systems:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 01, 2018 | 1295909 | Grant (prize money) | 8403943 | 2024061 | 8809826 | 2732717 |
Dec 05, 2013 | 9779658 | Series B | 6425098 | 9168759 | 6901229 | 9182653 |
Apr 12, 2011 | 5476796 | Series B | 6115615 | 4236598 | 6823335 | 8350848 |
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Milestone systems' founders and board of directors
Founder? Claim ProfileThe founders of Milestone systems are Bikash Bhandari, Henrik Friborg Jacobsen and John Blem. Conor Mcmahon is the CEO of Milestone systems.
Here are the details of Milestone systems' key team members:
- Bikash Bhandari: Founder - R&D Head of Milestone systems.
- Henrik Friborg Jacobsen: Co-Founder of Milestone systems.
- John Blem: Co-Founder of Milestone systems and founder of 1 other company. Contact Info: 1 email address
- Thomas Jensen: CEO of Milestone systems. Contact Info: 1 email address
Milestone systems' Board of Directors
Milestone systems's board has 1 active member. Steen Andersen is independent board member.Here is the list of Milestone systems' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 5y 0m |
View details of Milestone systems's Founder profiles and Board Members
Milestone systems' employee count trend
Milestone systems has 1,687 employees as of Sep 26. Here is Milestone systems's employee count trend over the years:
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Milestone systems's Competitors and alternates
Top competitors of Milestone systems include Boring Lab. Here is the list of Top 10 competitors of Milestone systems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Milestone systems 1998, Copenhagen (Denmark), Acquired | Developer of AI and cloud-based video management software | $41.8M | 58/100 | |
2nd |  Boring Lab 2018, El Segundo (United States), Unfunded | Cloud based platform offering camera management software for safety | - | - | 29/100 |
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Milestone systems's Investments and acquisitions
Milestone systems has acquired Brighter AI. Milestone systems has not made any investments as of now.Reports related to Milestone systems
Here is the latest report on Milestone systems's sector:
News related to Milestone systems
Filter this listMedia has covered Milestone systems for a total of 14 events in the last 1 year, 9 of them have been about company updates and 2 about partnerships.
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Milestone Systems to Open Flagship Experience Center in OregonSecurityInfoWatch•Aug 19, 2026•Milestone systems
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Partnership Enhances Security Operations at the Port of Los AngelesSecurityworldmarket•Jul 01, 2026•Milestone systems, VuWall, Convergint
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Milestone Systems Selects Coveo to Advance AI‑Powered Enterprise SearchCNW•Apr 09, 2026•Coveo, Milestone systems
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Milestone Systems Redefines the Open Platform for an AI-Native EraMarTech Series•Mar 13, 2026•Milestone systems
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Milestone Systems Opens Singapore Experience Centre to Accelerate AI-Driven Video Innovation Across AsiaSystems Integration Asia•Feb 25, 2026•Milestone systems
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Milestone Systems launches vision language model powered by Nvidia for traffic understanding1st Academy of Security Science Education•Jan 06, 2026•Milestone systems
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Milestone partners with DCAI to boost compliant AI for smart citiesSecurityBrief•Nov 27, 2025•Milestone systems, DCAI, DCAI
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