Thursday, April 18

Tag: lighthouse

Apple acquires patents from Lighthouse, an AI home security camera startup
Tech

Apple acquires patents from Lighthouse, an AI home security camera startup

Apple is looking to upgrade Face ID in its upcoming phones and devices and has acquired patents of an AI security camera company, Lighthouse. Apple reportedly bought the patent portfolio of the company at the end of 2018, reported The Verge. The patents acquired by Apple largely deal with using computer vision to scan and recognise faces, which may mean that the company might upgrade Face ID in its upcoming devices. If those sound familiar, it’s because Lighthouse’s patents describe technology that’s quite similar to what Apple uses for Face ID on its iPhone XS and XR devices. It is possible that Apple is looking to use Lighthouse’s technology to advance Face ID further, maybe, in a version for a computer that would benefit from Lighthouse’s ability to tell...
Lighthouse Invested 51 Crore in Stylam Industries
FUNDING

Lighthouse Invested 51 Crore in Stylam Industries

Lighthouse, a middle market private equity firm focused on growth investments in India's consumer sector today announced that funds affiliated with the firm have made an investment of INR 510 million in Stylam Industries, one of India's leading laminate manufacturers. The investment will be used to accelerate Stylam's expansion in the fast-growing domestic market. Incorporated in 1991, Stylam designs, manufactures and markets a wide range of laminates for residential, commercial and industrial purposes. For FY16, the company clocked revenues of approximately INR 2.5 billion and has demonstrated a revenue CAGR of over 22% over the past five years. It is in the process of commissioning a new manufacturing facility that will double its production capacity. Jagdish Gupta, Managing Direct...