Lighthouse AI is to close down after its smart security camera product failed to reach desired commercial targets . First reported online , the company ’s CEO Alex Teichman confirmed the news on its website and said customers would be given refund details . Lighthouse AI ’s smart camera combined AI and 3D sensing to give a detailed view of its environment , offering specific footage for a user ’s enquiries within seconds . The firm raised $ 17 m in funding at one point , from investors including Playground Global . Despite his company ’s closure , Teichman expressed pride in its work and hope for the continued development of helpful security products .
Lighthouse AI is to close down after its smart security camera product failed to reach desired commercial targets. First reported online, the company’s CEO Alex Teichman confirmed the news on its website and said customers would be given refund details. Lighthouse AI’s security camera combined AI and 3D sensing to give a detailed analysis of its environment, offering specific footage for a user’s enquiries within seconds. The firm raised $17m in funding at one point, from investors including Playground Global. Despite his company’s closure, Teichman expressed pride in its work and hope for the continued development of helpful AI products.