International. Eagle Eye Networks reported raising $40 million of Series E funding from venture capital firms Accel (Facebook, Spotify, DocuSign) to continue its growth and expand its technology leadership.
Eagle Eye Networks said it is leveraging artificial intelligence (AI) in its true cloud platform to drastically reshape video surveillance and improve security, protection, operations and customer service for businesses around the world.
"There is a tremendous opportunity to harness AI and alter the very nature of video surveillance," said Dean Drako, Founder and CEO of Eagle Eye Networks. "Eagle Eye Networks now has the means and technology to enable cloud video surveillance to transform the way businesses manage security and business operations, just as self-driving and electric cars are transforming transportation.
"Ultimately, intelligent video surveillance in the cloud with the right privacy and cybersecurity protections will make businesses and communities much safer, for example: detecting hazards such as guns, erratic driving, active theft and traffic accidents. In addition," Drako continued, "companies will analyze their customer support and sales operations so that they can provide a significantly better customer experience, and manufacturers will provide higher quality products, more securely and timely with AI video."
Sameer Gandhi, Partner at Accel added: "Eagle Eye Networks pioneered the move of the video surveillance industry to the cloud, and AI applications will drive the next transformation of the industry. Eagle Eye Networks is in the top position to make this happen. Their true cloud technology puts Eagle Eye Networks in a unique position to instantly deploy new analytical breakthroughs." Dean Drako's track record, tested with Eagle Eye Networks and previously as the founder of Barracuda Networks, speaks for itself."
Eagle Eye Networks Cloud VMS
The Eagle Eye Video Management System (VMS) is an intelligent cloud video surveillance solution, built especially to help businesses improve security, protection, operations and customer service, while saving money. Tens of thousands of companies in more than 90 countries around the world have moved their video surveillance to the cloud with Eagle Eye Networks' VMS. Customers, including multifamily homes, smart cities, schools, hospitals, hotels, logistics, restaurants and retailers rely on Eagle Eye Networks for actionable business intelligence and proactive security.
The Eagle Eye Cloud VMS offers complete central management, cloud reliability and redundancy, cost savings, and an open API video platform that provides a large number of third-party integrations. Customers appreciate Eagle Eye Networks' inherent secure cyber design and extensive video encryption to protect their data and privacy. The Eagle Eye Cloud VMS works with thousands of industry cameras and does not require customers to "boot and replace" their existing infrastructure.
The Eagle Eye Networks, together with its partner Brivo, provides a perfect solution for cloud video surveillance and on-premises access control. Brivo is the world leader in access control of cloud installations. The Eagle Eye API enables seamless integration with partners like Brivo and others, making the Eagle Eye Cloud VMS the only platform robust enough to power the future of video surveillance.
"With more than two decades in the video surveillance industry, I've heard people talk about revolutionizing the market and taking it to the next level, but only Eagle Eye Networks has truly delivered on that promise," added John E. Mack III, Executive Vice President, Co-Head of Investment Banking at Imperial Capital. "While the vision of Eagle Eye Networks as the first cloud-native solution was compelling previously, the changes that occurred in 2020 due to COVID-19-related business disruption make Eagle Eye Networks' products and services even more desirable. Eagle Eye Networks' customer focus and commitment to innovation create a foundation that makes its enhanced cloud and AI offerings for video surveillance good advantages for security executives and in the C-suite."
