About Milestone systems
Milestone systems is an Industrial Goods & Manufacturing company based in Copenhagen (Denmark) founded in 1998, and was acquired by Canon in June 2014. Developer of AI and cloud-based video management software. Milestone systems has raised $41.57 million across 7 funding rounds from investors including Canon, European Union and Index Ventures. The company has 23 employees. Milestone systems has completed 1 acquisition, including Brighter AI. Milestone systems was last valued at $95.18 million in December 2013. Its website milestonesys.com draws about 274 thousand monthly visits. Its Indian entity Milestone X-Protect India Private Limited reported revenue of ₹13.11 Cr. Its focus areas include High Tech, Security & Surveillance Technology, Surveillance and Video Surveillance.
Company details
Milestone Systems was founded in 1998 in Copenhagen, Denmark, within the security technology sector. AI and cloud-based video management software is developed, along with network video recorders. Features such as facial recognition, voice recognition, smoke detection, motion detection, and video tracking are integrated into the platform. Risk management, asset protection, process optimization, and real-time people identification are supported through these solutions for various organizations.
- Headquarters Copenhagen, Denmark
- Employees 23
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website category Computers Electronics and Technology · Programming and Developer Software
- Email••••••••
- Phone•••• ••••
- Website milestonesys.com
- Social LinkedIn X Facebook
- Acquired by Canon (Jun 2014)
- Legal Name Milestone X-Protect India Private Limited
- Date of Incorporation 16 Jan, 2015
- Jurisdiction Delhi, India
- Indian entity revenue₹13.11 Cr
FY 2024 · +7% YoY
- Indian entity net profit₹76.9 Lakh
FY 2024 · 6% margin
- Indian entity EBITDA₹1.33 Cr
FY 2024 · 10% margin
- Total Equity Funding$41.57M (USD)
in 7 rounds
- Latest Funding Round$1.07M (USD), Grant
Sep 2018
- InvestorsCanon
& 2 more
- Employee Count23
- Investments & Acquisitions
- Acquired byCanon
(Jun 2014)
Associated legal entities of Milestone systems
Milestone systems operates through Milestone X-Protect India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Milestone X-Protect India Private Limited CIN U74140DL2015PTC275602 | Active | 16 Jan 2015 | Delhi, Delhi | ₹13.1 Cr | 23 | 4 | View details |
Funding Insights of Milestone systems
Milestone systems has successfully raised a total of $41.57M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $1.07 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41.57M
- Total Rounds 7
- Last Round Grant — $1.07M
- First Round $27,640
(Dec 2002)
- Investors Count 2
All 7 funding rounds of Milestone systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | $1.07M | Grant | – | – | |
| Dec 2013 | $19,662 | Series A | $95.18M | – | – |
| Apr 2011 | $14.55M | Series A | $242.29M | – | – |
| Jul 2008 | $27M | Series A | – | – | |
| Feb 2005 | $175,101 | Unspecified | $••••• | – | – |
| Dec 2003 | $20,494 | Unspecified | $••••• | – | – |
| Dec 2002 | $27,640 | Unspecified | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2013 | $95.18M | •••••••• |
| Apr 2011 | $242.29M | •••••••• |
| Feb 2005 | $••••• | •••••••• |
| Dec 2003 | $••••• | •••••••• |
| Dec 2002 | $••••• | •••••••• |
Full valuation and stage history of Milestone systems
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $95.18M (Dec 2013). 3 investors in total: 3 institutional.
Investors in Milestone systems
Milestone systems has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Canon, European Union and Index Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups and entrepreneurs. | indexventures.com | |||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Optical, imaging, and industrial products are provided worldwide. | 1937 | global.canon | Tokyo, Japan |
Investor details for Milestone systems
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Board of directors of Milestone X-Protect India Private Limited (Milestone systems)
Milestone X-Protect India Private Limited is the primary company behind Milestone systems. The board of Milestone X-Protect India Private Limited currently have 4 directors; the longest-serving is Lars Larsen, appointed in 2015. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lars Larsen DIN 05233851 | Director | 16 Jan 2015 | 11 yrs 9 mo | Milestone X-Protect India Private Limited |
| Gourav Garg DIN 08744998 | Director | 18 Aug 2023 | 3 yrs 2 mo | Milestone X-Protect India Private Limited |
| Suneet Tanwar DIN 03572300 | Director | 26 Jul 2024 | 2 yrs 3 mo | Milestone X-Protect India Private Limited |
| Diya Sabari Girish DIN 11162942 | Director | 05 Aug 2025 | 1 yr 3 mo | Milestone X-Protect India Private Limited |
People of Milestone systems
345 people are tracked at Milestone systems (85 in leadership, 3 in board & advisors, 257 in team); the tracked headcount is 23.
| Name | Role | Group |
|---|---|---|
Asaf Weisbrot | Vice President Global Specialist Sales | Leadership |
Rasmus Kragh-Jensen | Head Of Group Fp&a | Leadership |
Martin Stockfleth Larsen | VP, Digital Platforms & Demand Generation | Leadership |
Jordan Cullis | Director Of Sales, Pre-sales & Community - Asia Pacific | Leadership |
Igal Dvir | VP Of System Architecture & Platform Engineering | Leadership |
Steve Prodger | Vice President, Vsaas Sales & Global GTM Innovation | Leadership |
Jimmy Thien Phu Nguyen | Business Manager To CFO | Leadership |
Lasse Frank | Director, Global Learning & Sales Enablement | Leadership |
Eric Morano | Director, New Channel Development (americas) | Leadership |
Jessica Zhen Li | Finance Business Partner | Leadership |
Nikki Cardenas | Senior Global Partner Marketing Manager | Leadership |
Ryan Milner | Manager, Technology Partner Program Team | Leadership |
Travis Bell | Director, Global Order Management | Leadership |
Amaury Chapeau | Global Technology Partner Manager | Leadership |
Yasen Angelov | Director, Platform Product Management | Leadership |
Tanja Myhrvold | Head Of Digital Experience | Leadership |
Per Clausen | Head Of Process Excellence | Leadership |
Robert Taylor Seidel | Head Of Inbound Product Marketing | Leadership |
Thomas Jensen | CEO | Leadership |
| CFO | Leadership |
325 more people are available in the full profile.
Complete people profiles for Milestone systems
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Financials of Milestone systems
Figures of Milestone X-Protect India Private Limited, the primary company behind Milestone systems, for FY 2024. Revenue was ₹13.11 Cr (+7% year on year). Net profit was ₹76.9 Lakh (6% margin). EBITDA was ₹1.33 Cr (10% margin). Revenue has grown at a compounded annual rate of +25% over three years and +23% over five years.
- ₹13.11 CrRevenue · FY 2024 · +7% YoY
- ₹76.9 LakhNet profit · 6% margin
- ₹1.33 CrEBITDA · 10% margin
- ₹25 LakhPaid-up capital
- 23Employees (provident fund records)
- +25%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Milestone X-Protect India Private Limited are on its company page.
Detailed financial statements for Milestone systems
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Investments & Acquisitions by Milestone systems
Milestone systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Brighter AI.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Video analytics are developed for automotive and retail sectors. | brighter.ai | Berlin, Germany | 2017 | Apr 2025 | •••• |
Complete acquisition details for Milestone systems
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Timeline of Milestone systems
6 dated milestones of Milestone systems across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Milestone systems is founded.
- Funding First funding round of $28K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Canon.
- Funding Latest funding round, Grant, of $1.1M.
- Acquisition Acquires Brighter AI.
Web traffic of Milestone systems
The website of Milestone systems (milestonesys.com) receives about 274.2K visits a month and ranks #152,245 among all websites worldwide, #3,424 in Programming and Developer Software.
- Monthly visits274.2K
- Unique visitors113K
per month
- Global rank#152,245
among all websites
- Category rank#3,424
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate41%
- Pages per visit3.1
- Average visit2 min 25 sec
- DevicesDesktop 53% · Mobile 47%
Websites whose visitors overlap most with Milestone systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
serverbasket.net | serverbasket.net | 100% | #452,583 | – | |
| cerberusftp.com | 96% | 65.4K | #592,814 | View details | |
| contaware.com | 96% | #1,319,900 | View details | ||
| axis.com | 92% | 801.7K | #51,851 | View details | |
| jumpcloud.com | 92% | 2.4M | #22,738 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Milestone Systems
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Frequently Asked Questions about Milestone systems
Milestone systems was founded in 1998 and raised its 1st funding round 4 years after it was founded.
Milestone systems is headquartered in Copenhagen, Denmark.
Milestone systems is a funded company, having raised a total of $41.57M across 7 funding rounds to date. The company's 1st funding round was a Unspecified of $27.64K, raised on Dec 2002.
Milestone systems has 23 employees.
The primary company behind Milestone systems, Milestone X-Protect India Private Limited, reported revenue of ₹13.11 Cr for FY 2024, up 7% year on year.
Milestone Systems was founded in 1998 in Copenhagen, Denmark, within the security technology sector. AI and cloud-based video management software is developed, along with network video recorders. Features such as facial recognition, voice recognition, smoke detection, motion detection, and video tracking are integrated into the platform. Risk management, asset protection, process optimization, and real-time people identification are supported through these solutions for various organizations.
Milestone systems has made 1 acquisition, including Brighter AI.
Milestone systems has 3 investors. Key investors include Canon, European Union, and Index Ventures.
The valuation of Milestone systems is $95.18M as of Dec 2013.
Milestone systems operates through Milestone X-Protect India Private Limited.
Yes. Milestone systems was acquired by Canon in June 2014.
The legal entities of Milestone systems currently have 4 directors, including Gourav Garg, Lars Larsen, Suneet Tanwar and others.