Monday, October 18, 2021
HomeNewsEagle Eye Networks acquires Surveillance AI firm Uncanny Vision

Eagle Eye Networks acquires Surveillance AI firm Uncanny Vision

Eagle Eye Networks will use Uncanny Vision’s expertise to further improve its surveillance products.

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. 

Read More: Hugging Face releases 900 unique Datasets to standardize NLP

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.”

Subscribe to our newsletter

Subscribe and never miss out on such trending AI-related articles.

We will never sell your data

Join our Telegram and WhatsApp group to be a part of an engaging community.

Dipayan Mitra
Dipayan is a news savvy writer, who does not leave a single page of news paper unturned. He is also a professional vocalist who enjoys ghazals. Building a dog shelter is his forever dream.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular