Eagle Eye Networks acquires AI company Uncanny Vision
Eagle Eye Networks recently announced the acquisition of Uncanny Vision, an India-based developer of artificial intelligence solutions.
Eagle Eye said in a statement that the acquisition will also bring additional R&D capabilities to the company as well as a regional office in Bangalore.
“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’ CEO, in a statement. “Their award-winning AI technology is deployed across thousands of locations, including Fortune 500 customers.”
The acquisition follows from a plan revealed by Eagle Eye in November of last year, when the company announced it had raised funds from venture capital firm Accel.
Uncanny Vision’s AI technology is used in multiple applications, including: smart parking; retail analytics; gate security; toll automation; smart cities; ATM monitoring; worker safety; and perimeter security.
Drako said, “Uncanny Vision’s tools for training, building, and optimizing 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 Uncanny Vision employees will be retained, according to the company, and Eagle Eye plans to expand the Bangalore office. 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,” said Parakkal.
Earlier this year, in an interview with SP&T, Eagle Eye announced the appointment of Canadian national sales manager Ceres Silva. Company president Ken Francis also discussed the company’s plans to significantly ramp up the AI capabilities of its cloud platform.