Ortega Infosystems, provider of IP surveillance video systems, just filed for Chapter 7 bankruptcy protection, according to VentureWire. The Fremont, Calif.-based company seems to have been shuttered for a while now (its website has already been dismantled) and reported only $50,000 in assets and up to $100,000 in liabilities at the time of the filing.
Its previous investors included Harbinger Venture Management and Sycamore Ventures. Ortega last raised funds in December 2002, bringing in $11.8 million in a third investment round. That bumped its total capital to $20 million.
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