Owlcam has been acquired by Xirgo Technologies for an undisclosed sum two years after emerging from stealth, having raised $28m from investors including CSAA.

Internet-of-things hardware producer Xirgo Technologies has acquired the technology and assets of Owlcam, a US-based dashcam developer backed by insurance provider CSAA, for an undisclosed amount. Owlcam has developed artificial intelligence-powered driver and road monitoring technology that relies on a dual-facing dashboard camera to record and analyse events both on the road and inside the…

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