Cisco acquires Modcam to make Meraki smart camera portfolio even smarter – TechCrunch

As the Internet of Things proliferates, security cameras are getting smarter. Today, these devices have machine learning capability that helps the camera automatically identify what it's looking at -- for instance, an animal or a human intruder? Today, Cisco announced that it has acquired Swedish startup Modcam and is making it part of its Meraki smart camera portfolio with the goal of incorporating Modcam computer vision technology into its portfolio. The companies did not reveal the purchase price, but Cisco tells us that the acquisition has closed. In a blog post announcing the deal, 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.