International. Eagle Eye Networks will use a $100 million principal equity investment from security company Secom CO ., LTD. to expand its AI-powered product suite, fund geographic expansion and enhance its business functions.
Eagle Eye Networks has made significant advances in AI technology with the introduction of Eagle Eye Smart Video Search, which has won five international product awards to date. Smart Video Search is available to all new and existing Eagle Eye Cloud VMS (Video Management System) customers worldwide.
Previously released features include smart designs that alert security agents monitoring cameras and highlight activity. Eagle Eye also launched the vehicle surveillance package and Eagle Eye LPR (license plate recognition).
Eagle Eye will fund R+D to support a product roadmap of next-generation AI solutions that includes:
* Monitoring the safety of workers
* Intelligent anomaly detection
* Natural language search
* Business analysis
Eagle Eye will expand its global operations in Japan, Germany, Mexico, Argentina, Brazil, Southeast Asia and the Middle East, countries and regions where the brand is growing as a result of large enterprise projects using AI-powered cloud video surveillance.
"Cloud and AI are revolutionizing the video surveillance industry, so the time is right to power our AI product development and global expansion with this significant investment from SECOM," said Dean Drako, founder and CEO of Eagle Eye Networks. "Eagle Eye Cloud VMS is designed to deliver what business owners are looking for today: a powerful platform with native AI features, a robust open API and a broad technology ecosystem that enables customers to leverage cloud video surveillance for their specific business and security needs."
