Texas-based cloud video surveillance company Eagle Eye Networks acquires award-winning artificial intelligence-based computer vision startup Uncanny Vision. Officials have not provided any information related to the valuation of this acquisition deal.
With this new development, Eagle Eye Networks wants to further improve its surveillance products with artificial intelligence and increase its customer base globally. Eagle Eye will use Uncanny Vision’s expertise in developing artificial intelligence-enabled analytics tools to strengthen the capabilities of its surveillance system.
The acquisition will accelerate the product improvement process of Eagle Eye Networks that started last year when venture capital firm Accel funded Eagle Eye. “After evaluating more than a dozen AI companies, we began working with Uncanny Vision in 2020. It didn’t take long for us to conclude that Uncanny Vision is the clear leader in surveillance AI,” said the CEO of Eagle Eye Networks, Dean Drako.
He further added that Uncanny Vision’s market share would help them increase their customer base as the computer vision company’s artificial intelligence platform is being used across numerous locations, including Fortune 500 customers.
Uncanny Vision’s artificial intelligence technology is currently leveraged in multiple sectors, including retail analytics, smart parking, gate security, ATM monitoring, worker safety, perimeter security, and many more.
Bangalore-based startup Uncanny VIsion was founded by Navaneethan Sundaramoorthy in the year 2012. The company specializes in developing AI-based computer vision solutions that improve security camera capabilities by integrating them with real-time, edge-based intelligent tools. Earlier, the company had received funds from Target Accelerator and Microsoft Accelerator over two funding rounds.
Co-founder of Uncanny Vision, Navaneethan Sundaramoorthy, said, “We share the Eagle Eye team’s vision to deliver advanced, cyber-secure AI cloud video surveillance offerings that transform video surveillance for businesses around the globe.”