Eagle Eye Networks, one of the leading cloud video surveillance platforms, recently announced the acquisition of Kerala based artificial intelligence startup Uncanny Vision, accelerating the company’s leadership in providing AI and analytics. The Austin based firm aims to make customers’ businesses more efficient and the world a safer place.
This acquisition includes research and development capabilities and a new regional office in Bangalore, India. The deal accelerates Eagle Eye’s plan, announced in November 2020, when Eagle Eye raised funds from venture capital firm Accel to dramatically reshape video surveillance.
“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. Their award-winning AI technology is deployed across thousands of locations, including Fortune 500 customers. 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,” said Dean Drako, CEO, Eagle Eye Networks.
Ranjith Parakkal, co-founder, Uncanny Vision, 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”.
Uncanny Vision co-founders Ranjith Parakkal and Navaneethan Sundaramoorthy started as low-level hardware DSP developers and took time to understand the space and its needs.
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 the very best 24/7 support to its valued customers around the world.
Uncanny Vision’s deep learning algorithms enable recognition, identification, and prediction, improving business operations, customer service, and site safety. Their award-winning AI is used today in multiple applications, including Smart parking, ATM monitoring and retail analytics, to name a few.