With aim to make Meraki portfolio even smarter, Cisco acquires Modcam

  • by Staff@ TSD Network
  • August 2, 2020
with-aim-to-make-meraki-portfolio-even-smarter-cisco-acquires-modcam

As IoT making its roots deeper, the stuff like security cameras is getting smarter and smarter. Nowadays, the smart cameras also have machine learning (ML) capability that helps it to automatically identify what it’s looking at, like at an animal or a human.

And taking this cool and upcoming scalable tech into consideration, now Cisco announced that it has acquired Swedish startup Modcam to make its Meraki smart camera portfolio smarter by incorporating Modcam computer vision technology into its portfolio.

Notably, both companies did not reveal the acquisition deal’s price but Cisco reportedly confirms that the acquisition has closed.

In a blog post, Cisco Meraki’s Chris Stori says Modcam is going to up Meraki’s machine learning game, while giving it some key engineering talent, as well. He added;

“In acquiring Modcam, Cisco is investing in a team of highly talented engineers who bring a wealth of expertise in machine learning, computer vision and cloud-managed cameras. Modcam has developed a solution that enables cameras to become even smarter.”

The Meraki has smart cameras that include motion detection and machine learning capabilities and What Modcam brings is the added ability to gather information and apply ML tech across multiple cameras to enhance its capabilities.

Stori added in his blog post;

“With Modcam’s technology, this micro-level information can be stitched together, enabling multiple cameras to provide a macro-level view of the real world.”

This Swedish startup was founded in 2013 and has raised $7.6 million and interestingly, Cisco acquired Meraki back in 2012 for $1.2 billion.

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Staff@ TSD Network

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