Robert Bosch Venture Capital has exited Modcam after investing $600,000 in the computer vision sensor developer in 2015.
Modcam, a Sweden-based computer vision sensor producer backed by industrial equipment maker Robert Bosch, has been acquired for an undisclosed sum by Cisco Meraki, a cloud services subsidiary of networking technology provider Cisco.
Founded in 2013, Modcam supplies ceiling-mounted sensors that exploit computer vision technology to estimate the number and location of people in specific areas of a building.
The MOD.01 technology will be combined with Cisco Meraki’s MV smart camera product to facilitate multi-camera analytics.
Modcam secured about $600,000…
