Cisco: Acquires Modcam to make Meraki smart camera portfolio even smarter
- In acquiring Modcam, Cisco is investing in a team of highly talented engineers who bring a wealth of expertise in machine learning
- The companies did not reveal the purchase price
- Cisco Meraki’s Chris Stori also says Modcam is going to up Meraki’s machine learning game
- All of Modcams employees, which Cisco described only as “a small team,” have joined Cisco
- Modcam founded in 2013 and has raised $7.6 million, according to Crunchbase data
- Cisco acquired Meraki back in 2012 for $1.2 billion
