Irisity AB (IRIS) - Security cameras smart with SaaS

I have to comment on this, as I work in the security sector specifically with cameras. In my opinion, the time and opportunity for Irisity and other similar companies offering solely AI technology have already passed. There are countless such companies already in Finland alone.

These had their chance in 2010-2015 when camera technology shifted from analog to IP technology, but cameras still only offered images. Nowadays, cameras offer object (car, person, etc.) recognition completely free and built-in. These technologies are already coming to even the more affordable cameras. Similarly, newer versions of recording software include object recognition and so on.

In practice, these software products have not been sold by installation or security companies, but by the companies themselves. I also assume that compatibility only exists with Axis and Mobotix cameras, which are the only ones that have opened doors to other manufacturers’ code. Mobotix is a really niche device that I have never seen in Finland, and Axis, on the other hand, is struggling with serious delivery problems exceeding 6 months.

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