Ford and ADT to form Canopy in a $100m deal.

Ford, a company that designs, manufactures, and services cars and trucks, and ADT, a provider of commercial security systems and services, agreed to form Canopy, a joint venture that combines professional security monitoring and AI-driven video camera technology, in a $100m deal. “The combination of our technologies and our deep security experience creates a new category of protection for work and personal vehicles. Vehicles represent the second-most-valuable asset for consumers, and helping to protect them extends ADT’s safe, smart, and sustainable solutions far beyond the home," Elliot Cohen, ADT Chief Business Development.