Eagle Eye Networks announced the acquisition of artificial intelligence company Uncanny Vision (UV). The acquisition also includes research and development capabilities and a new regional office in Bangalore, India.
“After evaluating more than a dozen AI companies, we began working with UV in 2020, and its competence was apparent,” says Dean Drako, Eagle Eye Networks CEO (pictured). “Its AI technology is deployed across thousands of locations, including Fortune 500 customers.”
The deal accelerates Eagle Eye’s plan, announced in November 2020, when Eagle Eye raised funds from venture capital firm Accel to reshape video surveillance dramatically. UV’s deep learning algorithms enable recognition, identification, and prediction, improving business operations, customer service, and site safety. UV’s AI is used today in multiple applications, including smart parking, retail analytic, gate security, worker safety, to name but a few.
Drako said, “UV’s tools for training, building, and optimising models, and its infrastructure for managing and storing training data are superior. This is a key component we’re excited to add to the Eagle Eye Networks platform.”
All 60 UV employees will be retained, and Eagle Eye plans to expand the Bangalore office.
Eagle Eye is committed to supporting Uncanny Vision’s current customers and will continue to build its global infrastructure to provide the very best 24/7 support to its valued customers around the world.
Uncanny Vision co-founders, Ranjith Parakkal and Navaneethan Sundaramoorthy, have joined the Eagle Eye leadership team. 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.”
“Delivering subscription-based AI per-camera through a global cloud infrastructure will ignite growth for security integrators,” said Alper Cetingok, Managing Director and Head of the Security & Safety Practice at Raymond James.