International. Alarm.com announced on April 25 the acquisition of nearly all of the assets of Vintra, a provider of award-winning artificial intelligence software. With this addition, the company seeks to enhance its video analysis for the commercial business market.
Although the financial details of the transaction were not disclosed at the time of closing, it is known that Alarm.com acquired Vintra's core intellectual property, its research scientists, software engineers and technical services teams.
Perhaps the biggest motivator for this purchase is the integration of Vintra's software capabilities and its experienced science and engineering teams will expand Alarm.com's deep learning program, which is also expected to accelerate the implementation of video analytics solutions. Advanced for Alarm.com and OpenEye platforms.
Getting to Know Vintra
Vintra's cloud platform, which was launched in 2016, “transforms data from any video management system into actionable, trusted intelligence that can improve the way organizations monitor and hunt for critical security events.” ”.
In that sense, Vintra's AI models can track a variety of objects and events, including a specific person, two- or four-wheeled vehicles, bags, or a person-down situation. Furthermore, its re-identification algorithm can track a person of interest across hundreds of cameras in real time and can search vast amounts of video recordings to find video clips of the person of interest in a matter of minutes.
Jeff Bedell, President of Ventures Business and Corporate Strategy at Alarm.com, commented: "The Vintra team adds to Alarm.com's science and engineering expertise in the field of artificial intelligence and machine learning, and we are excited to welcome them on board. The acquisition broadens the expertise of Alarm.com's AI team and will extend our leadership in this important domain. Our goal is to implement market-defining video analytics solutions, scale them across platforms Alarm.com and OpenEye, and open up new areas of growth for our service provider and integrator partners."
