Silver bullet in hand, Eagle Eye Networks to further advance cloud, AI development

In this report Dean Drako, Founder and CEO of Eagle Eye Networks, discusses the significance of $192 million in funding for Eagle Eye Networks and Brivo and how cloud and AI will impact the video surveillance industry. “This investment is a reflection of the incredible opportunity in our industry: The cloud combined with AI is vastly improving what we can do with security cameras and access control. SECOM being an insightful giant in the industry realizes the importance of cloud and AI,” Drako told ASMag.

Earlier this year, Eagle Eye Networks (EEN) and Brivo, both owned by Dean Drako, received a funding of US$192 million from SECOM, one of the largest investments in cloud physical security ever. A portion of this money will go towards R&D in AI and cloud, which Drako said are “revolutionizing the video surveillance industry.” This article takes a closer look.
 
In May, EEN and Brivo announced SECON had made a primary equity investment of $192 million in the two companies. Of this amount, EEN gets $100 million while Brivo $92 million. EEN is a leading global cloud video surveillance company. Brivo is a global leader in cloud-based access control and smart space technologies. SECOM, meanwhile, is one of the largest security integration companies in the world, according to Forbes Global 2000.