Japanese security integration company Secom invests $192M into Eagle Eye
Japanese security integration company Secom Co. Ltd. today announced that it has invested $192 million into two cloud-based security solutions providers: Eagle Eye Networks Inc. and Brivo Inc.
Both Eagle Eye and Brivo are majority-owned by Dean Drako, the founder and former chief executive officer of Barracuda Networks Inc. Drako founded Eagle Eye in 2012 and later acquired a majority stake in Brivo.
Eagle Eye pitches itself as a “global leader in cloud video surveillance” with a product offering that delivers cyber-secure, cloud-based video equipped with artificial intelligence and analytics. The company’s main product, Eagle Eye Cloud VMS (for video management system), centralizes video surveillance and is designed to assist businesses in boosting their security and operational efficiency.
The Eagle Eye platform uses artificial intelligence to enhance its video surveillance capabilities to make it more efficient and effective. AI is further used for advanced video analytics, such as smart video search and smart alarms, which can automatically detect unusual activity or specific events in video footage.
The company also offers a feature called Vehicle Intelligence that uses AI to identify and track vehicles. The service helps businesses proactively manage risks, identify threats and respond quickly, optimizing safety and security.
The other company Secom invested in, Brivo, offers cloud-based access control and smart space technologies. The company’s main offering, the Brivo Access Platform, is designed to help businesses control who can access their facilities. The cloud-based system enables remote management of access control from any device.
Like Eagle Eye, Brivo also has an AI fetish, but it’s 2023 and what company doesn’t? Brivo says it’s investing in AI features to enhance its access control and smart space technologies to improve building security through intelligent pattern recognition and predictive analytics.
“The Secom investment underscores that cloud and AI are the future of physical security,” Drako said in a statement. “Both Eagle Eye and Brivo will use a significant portion of the investment to further develop AI that dramatically improves the security of enterprises and businesses globally.”
Coming into the new Secom investment, Eagle Eye has previously raised $95 million in venture capital funding, according to Crunchbase. Previous investors include Accel Partners LLC, MSD Capital L.P. and Austin Ventures L.P.
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