Her fields of experience span from hard core technology disciplines like semiconductors to sophisticated consumer marketing industries including fashion and education.Īs an entrepreneur CEO, Sramana founded three companies: Dais (off-shore software services), Intarka (sales lead generation and qualification Software VC: NEA) and Uuma (online personalized store for selling clothes using Expert Systems software VC: Redwood).
Sramana Mitra has been an entrepreneur and a strategy consultant in Silicon Valley since 1994. It further helps communities by reducing the demand placed on first responders. The service helps consumers by providing more intelligent security systems and monitoring stations by providing an efficient response system to build operational capacity. The contextual information allows to determine whether the alarm was caused by unusual activity and calculate the likelihood of the alarm being canceled by the property owner. It will also allow for a wider range of responses and will reduce dispatches for false alarms.
The stations have the ability to take the data and prioritize alarms as well as dispatch police, fire, or EMS to properties fast. The platform evaluates each alarm signal based on a range of data points and trends, including the history of alarm signals from the location, activity levels detected in the property prior to the alarm event, and the time of day.īy recognizing activity around a property and delivering contextual information to monitoring stations in the event of an alarm, it is able to provide a more intelligent response mechanism. Ambient Insights has been built on its AI and adaptive machine learning platform called Insights Engine. The market has forecast revenues of $713.91 million and an EPS of $1.79 for the year.Ī recently announced the launch of Ambient Insights for alarm response that leverages AI and ML capabilities within the home security market. It expects to end the current year with total revenues of $707.3-$717.8 million and an EPS of $1.77- $1.79.
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Adjusted net income increased to $27.7 million, or $0.54 per share, surpassing the market’s estimates of $0.39.īy segment, SaaS and license revenue increased 18.3% to $113.2 million, and hardware and other revenues grew 64.7% to $75.67 million.įor the third quarter, the company provided a forecast of SaaS and license revenues of $114.9-$115.1 million. Q2 revenues grew 33.3% to $188.9 million. Virginia-based (NASDAQ: ALRM) is a fast-growing provider in the market that continues to expand its product offerings.Ī recently reported its second-quarter results. The global smart home security market is estimated to grow at 19.8% CAGR to reach $8.55 billion by 2028 from $2.02 billion in 2020.