The Clearway Group Limited (“Clearway”) a leading European provider of technology-enabled security solutions, has acquired LociLabs Limited (“LociLabs”) and launched its innovation business, Clearway Labs.
The introduction of Clearway Labs enables Clearway to offer a suite of IoT devices alongside development, project management, and consultancy services. Custom models can be used in applications across practically all sectors, from transportation to finance, healthcare to education, and hospitality to construction, turning unstructured data from cameras into structured, actionable insights. Clearway Labs AI models interpret this data, providing valuable reports designed to help mitigate risk and monitor safety and compliance.
The combination of existing Clearway industry knowledge coupled with the LociLabs’ wealth of development and AI (Artificial Intelligence) experience gives Clearway the ability to provide and assist with the practical application of solutions alongside commercial, regulatory and security matters. Clearway’s platform is cloud-based but also supports edge computing, allowing analytics to happen locally on devices like cameras, especially when they’re not always connected to the internet. This hybrid approach ensures they can operate efficiently across a variety of different use cases.
Jonathan Brod, Next Wave Partners, commented: “We are excited by the technology applications that LociLabs brings to Clearway’s products and services. The acquisition enhances Clearway’s software and product development capabilities and accelerates its market leading innovation programme.”
