Ooma Inc has acquired Butterfleye Inc, an AI-powered video camera and security platform. No financial terms were disclosed. According to Crunchbase, Butterfleye’s backers included Click Ventures, BRC Innovation, Slow Ventures and Iratel Ventures.
SUNNYVALE, Calif., Dec. 20, 2017 (GLOBE NEWSWIRE) — Ooma, Inc. (NYSE:OOMA), a smart communications platform for businesses and consumers, today announced that it has acquired Butterfleye, Inc., an AI-powered video camera and security platform. Butterfleye’s smart video camera with AI for facial and audio recognition will be integrated into the Ooma Home security solution, and will also continue to function as a powerful stand-alone security system sold under the Butterfleye brand.
“Butterfleye offers a fantastic intelligent security camera system and we’re excited to add its capabilities to the Ooma Home security service,” said Eric Stang, chief executive officer of Ooma. “Our strategy is to build upon Ooma’s smart communications platform to provide advanced connected home solutions and this acquisition is an important step in that direction.”
“We are thrilled to join Ooma. With their support Butterfleye will be even better placed to develop the next generation in AI connected services for homes and businesses,” said Ben Nader, CEO of Butterfleye.
Ooma Home is a comprehensive do-it-yourself home security solution designed to work with the Ooma smart home phone service, the Ooma Telo. The system includes motion, water, door and window sensors in addition to the unique ability to remotely place a local 911 call from the home, thus providing all-encompassing protection and peace of mind for consumers.
Butterfleye is an intelligent, wire-free security camera with an ability to learn from what is going on around it. In 2015, the Butterfleye team was inspired by the idea of an intelligent camera savvy enough to detect people, pets, and various sounds, while being robust enough to continue working through internet and power outages. After developing an early prototype, the Butterfleye camera, featuring advanced battery technology, 16 gigabytes of internal storage and on-board image processing, successfully launched with a $1 million Indiegogo campaign in 2016.
About Ooma, Inc.
Founded in 2004, Ooma creates new communications experiences for small businesses and consumers. Its smart platform serves as a communications hub, which offers cloud-based telephony, monitoring and security, and other connected services. Ooma combines PureVoice HD call quality and innovative features with mobile applications for reliable anytime, anywhere communications. The company has been ranked the No. 1 home phone service for overall satisfaction and value for five consecutive years by the leading consumer research publication. Ooma is available in stores and online from leading retailers. For more about Ooma, visit www.ooma.com or follow us on Twitter, LinkedIn or Facebook. For more information about Butterfleye, visit www.getbutterfleye.com