Eagle Eye Networks Acquires AI Surveillance Specialist Uncanny Vision

AUSTIN, Texas — Eagle Eye Networks, a global provider of Cloud-based video surveillance products and solutions, announces the acquisition of Uncanny Vision, an artificial intelligence (AI)-based computer vision company headquartered in Bangalore, India.

Terms of the transaction were not disclosed.

Founded in 2013, Uncanny Vision develops next generation intelligent surveillance solutions for smart cities, smart buildings and infrastructure specifically for people and vehicle monitoring using security cameras. Eagle Eye Networks CEO Dean Drako tells SSI after evaluating more than a dozen AI companies, he and the Eagle Eye team began working with Uncanny Vision in 2020.

Unlike other AI providers, Uncanny Vision has been focused on “AI for video surveillance since day one,” Drako says.

Uncanny Vision surveillance is said to enable cameras to “see” and “understand” their environment instantly, using optimized real-time AI/deep learning algorithms. The company’s AI technology is deployed across thousands of locations, including Fortune 500 customers, Drako says.

The deal is said to accelerate Eagle Eye’s strategic global growth initiatives, announced in October, when the company raised funds from venture capital firm Accel to dramatically reshape video surveillance.

“This is very good news for our systems integrator partners. The addition of Uncanny Vision’s AI and analytics to the Eagle Eye platform means that they will be able to offer new features and bring more value to their customers,” Drako says. “It’s a good way to increase customer retention. At the same time systems integrators can increase their RMR and build the value of their business.”

Uncanny Vision’s deep learning algorithms are said to enable recognition, identification and prediction, improving business operations, customer service and site safety. The company’s AI is used in multiple applications, including:

  • Smart parking
  • Retail analytics
  • Gate security
  • Toll automation
  • Smart cities
  • ATM monitoring
  • Worker safety
  • Perimeter security

Drako says the company’s portfolio comprises four AI-enabled offerings, with an automatic number plate recognition (ANPR) product being its core product. Titled Uncanny ANPR, the end-to-end solution is said to consistently deliver very high accuracy even in challenging conditions with fast moving vehicles, different fonts, dirty number plates and difficult camera angles.

Eagle Eye benchmarked Uncanny Vision’s LPR technology against dozens of other providers, and “they were the best,” Drako says.

All 60 Uncanny Vision 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 24/7 support to its valued customers around the world, according to Drako.

“By adding Uncanny Vision’s technology and talent to our team, we’ll be able to more rapidly scale our AI offering to improve safety, security, and customer service, and bring actionable insights to our growing customer base around the world,” he says.

Uncanny Vision co-founders, Ranjith Parakkal and Navaneethan Sundaramoorthy, have joined the Eagle Eye leadership team. “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,” Parakkal states in the announcement.

The announcement also cites Alper Cetingok, managing director and head of the security and safety practice at Raymond James, commenting on growth projecetions for AI-enabled solutions. Neither Cetingok or Raymond James were party to the transaction. “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,” he says.

The company will be demonstrating Uncanny Vision technology at the Eagle Eye Networks and Brivo Cloud Security Summit for resellers being held Nov 1-4, with plans to begin rolling out new features in Q1 and Q2 of next year.

The post Eagle Eye Networks Acquires AI Surveillance Specialist Uncanny Vision appeared first on Security Sales & Integration.



from News – Security Sales & Integration https://www.securitysales.com/business/eagle-eye-networks-acquires-uncanny-vision/
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Total Tech Summit Puts Call Out for Top Integrators to Apply Now

Image
FRAMINGHAM, Mass. — Total Tech Summit announces that applications are now being accepted to attend this year’s event. Comprised of the  SSI Summit, CE Pro Summit and Commercial Integrator Summit, this year’s event will take place in Las Vegas at the MGM Grand Hotel and Casino, Nov. 13-15. At this all-expense-paid, exclusive event, VIP guests will have the chance to sit in on industry-defining sessions, key boardroom presentations, and be able to meet one-on-one with potential vendors. Total Tech Summit brings together the best in class to share ideas, learn from others, and most importantly, accelerating the next stage of their businesses. It is the only event of its kind that bridges channels and connections by bringing together professional security, commercial AV and residential AV integrators. Another perk of the Total Tech Summit is the VIP Peer-to-Peer groups. These group conversations take place throughout the months leading up to the event and are guided by the editors of t
Read more

Evolv Technology, Pittsburgh Pirates Team Up for Fan-Friendly Ballpark Security

Image
WALTHAM, Mass.—Evolv Technology has announced its partnership with Major League Baseball’s Pittsburgh Pirates, adding to the growing list of Pittsburgh, Pa. venues that have teamed up with Evolv to help keep people safe, including the Pittsburgh Cultural Trust and Acrisure Stadium, home of the Pittsburgh Steelers. When the Pirates opened the gates at PNC Park for the 2023 MLB season in early April, all attending fans passed through Evolv’s state-of-the-art Evolv Express screening solution, which uses sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed, the company states. Fans can now walk through without always having to stop or open bags, reducing long lines and allowing guests to make their way directly into the ballpark. “What continues to make PNC Park so special, aside from the physical design, is the total fan experience. That begins from the moment they walk up to our gates,” said Travis Willi
Read more

Minnesota AG Calls for Cancellation of Home Security Contracts for Alleged Fraud

STEARNS COUNTY, Minn. — Bring Me the News reports that Minnesota’s Attorney General, Keith Ellison, says he’s gotten consumers in Stearns County out of home security contracts after they were misled by a door-to-door salesman. According to the report, Ellison’s office announced that home security companies Skyline Security Management and Safe Home Security have agreed to their cancel contracts with customers in and around Stearns County who purchased their systems from door-to-door salesman Gary Harvey. “Door-to-door salesmen and their employers are in the business of trust-building,” Ellison said in a statement. “They know they need to have your trust to sell you their products, particularly expensive products like security systems that are supposed to keep your home safe. When that trust is betrayed, it’s emotionally and financially painful. I appreciate Skyline and Safe Home taking the right step in canceling these contracts while my office does what we can under the law to hold M
Read more