As the Internet of Things, proliferates, security cameras are getting smarter. Today, these devices have machine learning capability that help the camera automatically identify what it’s looking at — for instance an animal or a human intruder? Today, Cisco announced that it’s acquired Swedish startup Modcam and 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.
“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. Modcam has developed a solution that enables cameras to become even smarter,” he wrote.
What he means is that today, while Meraki has smart cameras that include motion detection and machine learning capabilities, this is limited to single camera operation. What Modcam brings is the added ability to gather information and apply machine learning across multiple cameras, greatly enhancing the camera’s capabilities.
“With Modcam’s technology, this micro-level information can be stitched together, enabling multiple cameras to provide a macro-level view of the real world,” Stori wrote. In practice, as an example, that could provide a more complete view of space availability for facilities management teams, an especially important scenario as businesses try to find safer ways to open during the pandemic. The other scenario Modcam was selling was giving a more complete picture of what was happening on the factory floor.
All of Modcams employees, which Cisco described only as “a small team” have joined Cisco, and the Modcam technology will be folded into the Meraki product line, and will no longer be offered as a stand-alone product, a Cisco spokesperson told TechCrunch.
Modcam was founded in 2013 and has raised $ 7.6 million, according to Crunchbase data. Cisco acquired Meraki back in 2012 for $ 1.2 billion.
Click&Boat is a boat rental site for private individuals and professionals created in 2013 by two French Entrepreneurs; Edouard Gorioux and Jérémy Bismuth.
In recent development, the UK boat hiring platform acquired its main competitor Nautal to grow its UK offering. The acquisition has added more than 360 boats in UK sites such as Galway, County Leitrim, Cheshire and Lancashire.
Click&Boat’s Founder, Jeremy Bismuth explained: “Click&Boat and Nautal share many values and commonalities. With the acquisition of Nautal, Click&Boat opens a new chapter in its development and allows the business to reach a critical size to promote optimal quality of service. We are shaping the yachting of tomorrow together, making it accessible to as many people as possible.”
Intends to develop new products and services
This acquisition allows the Click&Boat group to become the benchmark nautical tourism company globally, with an additional 10,000 boats, notably in the UK, Netherlands, Spain, and Germany. Additionally, the company intends to develop new products and services for renters and owners.
Community of one million users
Despite the coronavirus pandemic, Click&Boat continues to expand, and the company now has 150 employees and connects a community of one million users around the world.
As per the company claims, it has achieved more than 100% growth each year over the last five years and is set to accelerate its international expansion. Following recent acquisitions, the Click&Boat fleet has grown from 35,000 to 45,000 boats.
Boat rental time is up by 11%
Click&Boat is continuing to expand its consumer offer and has upped the number of skippered charters as a direct result of an increase in post lockdown bookings requesting manned rentals.
In fact, the company saw an increase in bookings by 60% compared to the same period (June) last year. Notably, the average length of the summer 2020 boat rental time is also up by 11%.
Click&Boat’s UK Press &Marketing Manager, Jack Bowerman adds; “The Nautal acquisition is really exciting for our UK market, as it dramatically increases the number of boats in the UK that will benefit from the Click&Boat group’s ever-growing resources. Holiday makers in the UK booking boats through Nautal will now benefit from Click&Boat’s additional resource – from customer care to the experience that comes with being the world leader in boat rentals.”
How Click&Boat was born?
The idea is simple – millions of boats remain idle at ports around the world, incurring maintenance costs for their owners. The platform matches boat owners who want to earn extra income with sailing enthusiasts who can rent a boat at surprisingly low costs.
The company operates in major boating destinations such as France, Spain, Italy, Greece, and Croatia, as well as the UK.
Main image credits: Click&Boat
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Atlassian today announced that it has acquired Mindville, Jira-centric enterprise asset management firm based in Sweden. Mindville’s over 1,7000 customers include the likes of NASA, Spotify and Samsung.
With this acquisition, Atlassian is getting into a new market, too, by adding asset management tools to its lineup of services. The company’s flagship product is Mindville Insights, which helps IT, HR, sales, legal and facilities to track assets across a company. It’s completely agnostic as to which assets you are tracking, though, given Atlassian’s user base, most companies will likely use it to track IT assets like servers and laptops. But in addition to physical assets, you can also use the service to automatically import cloud-based servers from AWS, Azure and GCP, for example, and the team has built connectors to services like Service Now and Snow Software, too.
“Mindville Insight provides enterprises with full visibility into their assets and services, critical to delivering great customer and employee service experiences. These capabilities are a cornerstone of IT Service Management (ITSM), a market where Atlassian continues to see strong momentum and growth,” Atlassian’s head of tech teams Noah Wasmer writes in today’s announcement today.
Co-founded by Tommy Nordahl & Mathias Edblom, Mindville never raised any institutional funding, according to Crunchbase. The two companies also didn’t disclose the acquisition price.
“This acquisition builds on Atlassian’s investment in [IT Service Management], including recent acquisitions like Opsgenie for incident management, Automation for Jira for code-free automation, and Halp for conversational ticketing,” Atlassian’s Wasmer writes.
The Mindville team says it will continue to support existing customers and that Atlassian will continue to build on Insight’s tools while it works to integrate them with Jira Service Desk. That integration, Atlassian argues, will give its users more visibility into their assets and allow them to deliver better customer and employee service experiences.
“We’ve watched the Insight product line be used heavily in many industries and for various disciplines, including some we never expected! One of the most popular areas is IT Service Management where Insight plays an important role connecting all relevant asset data to incidents, changes, problems, and requests,” write Mindville’s founders in today’s announcement. “Combining our solutions with the products from Atlassian enables tighter integration for more sophisticated service management, empowered by the underlying asset data.”