Cisco acquires Modcam to make Meraki smart camera portfolio even smarter

Cisco acquires Modcam to make Meraki smart camera portfolio even smarter

As the Internet of Things proliferates, safety cameras are getting smarter. Today, these gadgets have machine studying functionality that assist the digicam routinely establish what it’s taking a look at — as an example an animal or a human intruder? Today, Cisco introduced that it’s acquired Swedish startup Modcam and making it a part of its Meraki sensible digicam portfolio with the objective of incorporating Modcam pc imaginative and prescient expertise into its portfolio.

The firms didn’t reveal the acquisition value, however Cisco tells us that the acquisition has closed.

In a weblog publish saying the deal, Cisco Meraki’s Chris Stori says Modcam goes to up Meraki’s machine studying recreation, whereas giving it some key engineering expertise, as effectively.

“In buying Modcam, Cisco is investing in a staff of extremely proficient engineers who carry a wealth of experience in machine studying, pc imaginative and prescient and cloud-managed cameras. Modcam has developed an answer that allows cameras to turn out to be even smarter,” he wrote.

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What he means is that right this moment, whereas Meraki has sensible cameras that embrace movement detection and machine studying capabilities, that is restricted to single digicam operation. What Modcam brings is the added capability to assemble info and apply machine studying throughout a number of cameras, enormously enhancing the digicam’s capabilities.

“With Modcam’s expertise, this micro-level info could be stitched collectively, enabling a number of cameras to offer a macro-level view of the actual world,” Stori wrote. In apply, for example, that might present a extra full view of house availability for amenities administration groups, an particularly necessary situation as companies attempt to discover safer methods to open in the course of the pandemic. The different situation Modcam was promoting was giving a extra full image of what was occurring on the manufacturing unit flooring.

All of Modcams workers, which Cisco described solely as “a small staff” have joined Cisco, and the Modcam expertise will probably be folded into the Meraki product line, and can not be provided as a stand-alone product, a Cisco spokesperson instructed TechCrunch.

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Modcam was based in 2013 and has raised $7.6 million, in keeping with Crunchbase knowledge. Cisco acquired Meraki again in 2012 for $1.2 billion.

Cisco Acquires Enterprise Wi-Fi Startup Meraki For $1.2 Billion In Cash


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