Modcam

Modcam is the Swedish developer of sensors and the software for fast image understanding. The company is founded in 2013.

History

2020: Cisco purchased Modcam

At the end of July, 2020 Cisco announced Modcam acquisition. The cost and other terms of agreement of the company did not begin to open. It is reported only that the transaction is closed.

It is supposed that assets of the purchased startup will complement the range of the smart cameras Meraki which Cisco has. These cameras "will become even smarter", the senior vice president and the head of department of Cisco Meraki Chris Stori whose words are cited in the blog of the company said.

According to him, in practice less than 1% of video which is shot by the cameras Modcam therefore the company set the task of extraction of advantage from 99% of content which nobody sees are watched.

Cisco purchased Modcam

Purchasing Modcam, Cisco invests in a team of the talented engineers having wealth of experience in area of machine learning, computer vision and cameras with cloud management — Chris Stori noted.

Modcam technologies can be used in video surveillance systems for exact position fix of objects and determination of a route of the movement. Possibilities of the intelligent cameras Cisco Meraki in return include recognition of movements and objects. However the analytics within this equipment is limited to only one camera.

It is expected that developments of Modcam will help Cisco to organize advanced data analysis from several surveillance cameras at once. It can be useful for shops which using such system will be able to understand behavior of visitors better. The enterprises will be able to control observance of measures of protection in the conditions of COVID-19 pandemic, and owners of buildings will have an opportunity to monitor fillability and use of premises.^[1]