AI-powered security camera company Lighthouse shuts down

A new company called Lighthouse introduced an advanced security camera that can tell the difference between a person and a pet back in 2017. It was a promising, Andy Rubin-backed project that managed to raise around $20 million. Unfortunately, it sounds like not a lot of people were willing to pay $300 for a security cam, even if it's powered by advanced AI and 3D sensing, because the company is shutting down operations. CEO Alex Teichman announced the closure on its website, where he admitted that Lighthouse didn't make enough money to keep the company going. "I am incredibly proud of the groundbreaking work the Lighthouse team accomplished -- delivering useful and accessible intelligence for our homes via advanced AI and 3D sensing," he wrote.