CamerEye, a San Diego, CA-based developer of swimming pool and backyard safety solutions with the first Artificial Intelligence (AI) Smart Fence and safety ecosystem, closed the last tranche of its seed-round funding series for a total of $1.1m.
Major investors in the round included members from San Diego Sports Innovators (SDSI), several venture capitalists, and a multitude of angel investors.
Founded by CEO Sai Reddy, CamerEye focuses on swimming pool safety using advanced AI technology. Its AI safety system provides very early-stage detection by creating a virtual smart perimeter around a pool via an AI overhead camera system that can detect the difference between a human and an animal and other moving objects, and detect early water distress behavior, reducing the false alarms experienced from monitoring camera systems.
The company is focusing its future on backyard safety and analytics. CamerEye has three patents pending that leverage AI models to constantly improve with time. Four additional AI analytics capabilities will follow in 2022, enhancing the value of CamerEye to existing and additional customer groups.
Reddy, who was a competitive swimmer, holds a Ph.D. in AI and Data Sciences and was part of the founding team at PXiSE Energy Solutions, a subsidiary of Sempra Energy, which was recently acquired by Yokogawa Corporation, decided to use his knowledge and experience in building AI technology to address one of the biggest problems – water safety. Reddy and its team developed and trained the CamerEye ecosystem for two years pre-launch with more than 30+ beta installations.
FinSMEs
24/01/2022