Eagle Eye Networks, the globally renowned company in cloud video surveillance solutions, has announced the acquisition of Artificial Intelligence (AI) analytics and solutions company, Uncanny Vision Solutions (Uncanny Vision), accelerating the company’s leadership in providing AI and analytics, in order to make customers’ businesses more efficient and the world a much safer place.
Uncanny Vision Solutions acquisition
The acquisition of Uncanny Vision Solutions also includes research and development (R&D) capabilities, and a new regional office located in Bangalore, India.
It didn’t take long for us to conclude that Uncanny Vision is the clear leader in surveillance AI"
“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 Dean Drako, Eagle Eye Networks’ Chief Executive Officer (CEO), adding “Their award-winning AI technology is deployed across thousands of locations, including Fortune 500 customers.”
The deal accelerates Eagle Eye Networks’ plan, announced in November 2020, when the company raised funds from venture capital firm, Accel, to dramatically reshape video surveillance.
Deep learning algorithms
Uncanny Vision’s deep learning algorithms enable recognition, identification, and prediction, improving business operations, customer service, and site safety. Uncanny Vision’s award-winning AI is used in multiple applications currently, including:
- Smart parking
- Retail analytics
- Gate security
- Toll automation
- Smart cities
- ATM monitoring
- Worker safety
- Perimeter security
Dean Drako said, “Uncanny Vision’s tools for training, building, and optimising models, and its infrastructure for managing and storing training data are superior. This is a key component that we’re excited to add to the Eagle Eye Networks platform.”
Expansion of Bangalore base office
All 60 Uncanny Vision employees will be retained and Eagle Eye Networks plans to expand the Bangalore office. Eagle Eye Networks is committed to supporting Uncanny Vision’s current customers and will continue to build its global infrastructure, so as to provide the very best 24/7 support to its valued customers, around the world.
Uncanny Vision Solutions’ Co-Founders, Ranjith Parakkal and Navaneethan Sundaramoorthy, have joined the Eagle Eye Networks’ leadership team. Ranjith Parakkal 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.”
“The economic model of delivering subscription-based AI on a per-camera basis, through a global cloud infrastructure, will ignite growth for security integrators, who are otherwise challenged with how to build a financially stable business,” said Alper Cetingok, the Managing Director and Head of the Security & Safety Practice, at Raymond James.
From facial recognition to LiDAR, explore the innovations redefining gaming surveillance
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