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Eagle Eye Networks outlines plan for US$100M investment from SECOM

Eagle Eye Networks announced it will use a US$100M primary equity investment from SECOM Co. Ltd. to expand its suite of AI-powered products, fund geographic expansion and enhance enterprise features.

Eagle Eye first announced the investment from the Japanese systems integrator in May. SECOM also invested US$92M in Brivo. Eagle Eye and Brivo are independent companies majority owned by Dean Drako. Drako founded Eagle Eye Networks in 2012 and serves as CEO; he acquired a majority stake in Brivo in 2015 and is chairman.

Eagle Eye says it has already made significant advancements in AI technology with the introduction of Eagle Eye Smart Video Search, which is available to Eagle Eye Cloud VMS (video management system) customers. Previously released features include Smart Layouts which alert security agents monitoring cameras and highlight activity. Eagle Eye also released a Vehicle Surveillance Package and Eagle Eye LPR (licence plate recognition).

Going forward, Eagle Eye says it will fund R&D to support a product roadmap of AI solutions including:

• Worker safety monitoring
• Smart anomaly detection
• Natural language search
• Business analysis

Eagle Eye also plans to expand global operations in Japan, Germany, Mexico, Argentina, Brazil, Southeast Asia and the Middle East.

“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 Drako in a statement. “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.”