Eagle Eye Networks to Fund AI Product Development, Geographic Expansion, and Enterprise Features with $100M Investment

Global market leader in cloud video surveillance to supercharge its next-generation AI products, including Smart Video Search and Smart Alarms.

AUSTIN, Texas — June 7, 2023 — Eagle Eye Networks, the global leader in cloud video surveillance, today announced it will use a $100M primary equity investment from security giant SECOM, CO., LTD. to expand its suite of AI-powered products, fund geographic expansion and enhance its enterprise features.

Eagle Eye Networks has made significant advancements 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 existing and new Eagle Eye Cloud VMS (video management system) customers across the globe.

Previously released features include Smart Layouts which alert security agents monitoring cameras and highlight activity. Eagle Eye also released 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 including:

• Worker safety monitoring
• Smart anomaly detection
• Natural language search
• Business analysis
• and much more.

Eagle Eye will expand global operations in Japan, Germany, Mexico, Argentina, Brazil, Southeast Asia, and the Middle East — countries and regions where Eagle Eye is growing dramatically as a result of large enterprise projects using AI-powered cloud video surveillance.

Eagle Eye will further invest in product capabilities designed for multisite customers with large global camera deployments. Products and features are continually added to the Eagle Eye Cloud VMS, which is available in Enterprise and Professional Editions.

“Cloud and AI are revolutionizing the video surveillance industry, so the time is right for us to supercharge our AI product development and worldwide expansion with this major investment from SECOM,” said Dean Drako, Founder and CEO of Eagle Eye Networks. “The Eagle Eye Cloud VMS is built to deliver what business owners today are looking for: a powerful platform with native AI features, a robust open API, and extensive technology ecosystem that allows customers to leverage cloud video surveillance for their specific security and business needs.”

The SECOM series F funding follows the series E funding from venture capital firm Accel in October 2020.

ABOUT EAGLE EYE NETWORKS
Eagle Eye Networks is the global leader in cloud video surveillance, delivering cyber-secure, cloud-based video with artificial intelligence (AI) and analytics to make businesses more efficient and the world a safer place. Businesses of all sizes utilize the Eagle Eye Cloud VMS (video management system) to centralize their video surveillance and obtain better security and operations. Purpose built for the cloud and AI, the Eagle Eye Cloud VMS addresses customers’ security and operational needs with unlimited scalability, simple usage-based subscription pricing, advanced analytics, integrated AI, and an open RESTful API platform delivering flexibility. Eagle Eye sells through a global network of resellers and integrators. Founded in 2012, Eagle Eye is headquartered in Austin, Texas, with offices in Amsterdam, Bangalore, and Tokyo. Learn more at https://www.een.com.

Media Contact:
Global HQ
Martha Entwistle
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