Cisco Systems is about to inject more intelligence into its Meraki smart camera portfolio. The tech giant on Friday announced that it has acquired Swedish video analytics provider Modcam for an undisclosed sum. The deal, which already closed, will make Cisco's MV smart security camera line "even smarter," said Chris Stori, senior vice president and general manager of Cisco's Meraki business, in a blog post. "Less than 1 percent of the video our MV smart cameras capture is actually watched. One of the questions we ask ourselves is, how do we extract value from the 99% that no one ever sees? 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," Stori said on the deal.

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.