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 . “Unfortunately, we did not achieve the commercial success we were looking for and will be shutting down operations in the near future.” 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 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 .