Eagle Eye Networks

Last updated
Eagle Eye Networks
Company type Private
Industry Video surveillance
Physical security
Founded2012;12 years ago (2012)
Founder Dean Drako
Headquarters
Austin, Texas
,
United States
Number of locations
4 (2023)
Area served
Worldwide
Key people
Founder & CEO
Dean Drako
ProductsCloud video surveillance system,
Video API
Number of employees
487 (2023)
Website www.een.com
Footnotes /references
[1] [2]

Eagle Eye Networks, Inc. (EEN) is an American company providing cloud-based video surveillance products [3] [4] for physical security and business operations applications. [5] [6]

Contents

History

Eagle Eye Networks was founded in 2012 [1] by Dean Drako, Barracuda Networks' founder and former CEO. [7] Drako said he started the company after frustrations with trying to deploy and use existing video surveillance systems for remote management while he was CEO of Barracuda. [8]

The company and its first product, the Eagle Eye Cloud Security Camera Video Management System, were announced in January 2014. [9] [10] [11] [12] [13] The company announced its channel partner program the following month. [14] [15] [16] [17]

Eagle Eye Networks announced a multimillion-dollar series B venture round investment in July 2014, including an investment by Michael Dell's private family venture fund, MSD Capital. [18] [19] [9] [20] [21] Michael Dell stated that he made the investment primarily because of CEO Drako's earlier success with Barracuda Networks. [22] [23] Enrique Salem, previous CEO of Symantec and Austin Ventures also invested in the round. [24] [25]

The company announced a new data center in Austin, Texas in September 2014. [26]

In February 2015, Diebold, financial self-service, security and services corporation, and Eagle Eye Networks announced an alliance to deliver cloud-based video services which would stream and store live and recorded video, generate notifications and support real-time analytics. According to Diebold, EEN had developed the industry's first cloud-based video solution with an open API. [27] [28]

CEO Drako bought Brivo cloud access control company for $50 million in June 2015. Drako said he saw the opportunity to accelerate the cloud technology shift underway in the physical security industry by integrating Brivo's cloud access control with EEN cloud video surveillance. The two companies continued to operate separately. [29] [30] [31]

In April 2017, EEN and Swift Sensors announced a partnership to deliver cloud-based wireless sensor and video surveillance across multiple industries, [32] enabling users to check video as needed, based on sensor data. [33]

In 2020, EEN raised $40 million in Series E funding from Accel for a total of $100 million since the company was founded in 2012. The company said it planned to use the funding to further develop artificial intelligence (AI) analytics on its cloud-based video surveillance platform, and to continue its growth. [34] [35] [36] In 2023, it partnered with Brivo to raise 192 million to focusing on the use of AI related to physical security. [37]

In 2023, EEN raised $100M in financing from SECOM. Drako continues to own the majority of Eagle Eye. [38] In 2024, Eagle Eyes's CEO Dean Drako was named a winner of the Ernst & Young Entrepreneur of the Year Award for the Gulf South Region. [39]

Products

Eagle Eye Cloud Security Camera Video Management System is a cloud-managed video surveillance system that links analog and IP cameras with an on-site bridge or cloud managed video recorder appliance which transmit the encrypted video recording to Eagle Eye's cloud data center. [40] [41]

The system supports mobile apps for system installation, remote video viewing, and system management, with alerts for motion detection, system tampering and camera malfunction. [42] It also handles bandwidth management, and supports user adjustment of how much video is stored in the cloud or on-premises. [43]

The Eagle Eye Video API is an open RESTful API for integrators and developers to integrate video into their applications. [44] It provides a set of storage, analytics, indexing, and interfaces for building or integrating applications with both live and recorded video. [45]

The company's AI Video Search utilizes artificial intelligence to enable searches for people and objects across all security cameras; the customer types in the description and then narrow results by date, time, location, and camera. [46]

Recognition

The Eagle Eye Networks company launch was discussed in many publications, including MarketWatch, [47] Computerworld, [48] and The Wall Street Journal , [3] regarding the company's focus on simple design and ease of use. [49]

Its cloud-based security camera system received an award for the best new hosted solution from the Security Industry Association in April 2014. [50] [51] The company was listed as a CRN Magazine top 25 emerging company in July 2014. [52]

Eagle Eye's founder and Dean Drako was named to Goldman Sachs' 100 most intriguing entrepreneurs list for 2014. [53] [54]

In November 2019, the Deloitte Technology Fast 500 ranked EEN #133 of the fastest growing technology companies in North America, with 936% growth from 2015 to 2018. [55] [56]

In November 2020, EEN made the Deloitte Technology Fast 500 list of fastest-growing technology companies in North America for the second year in a row. The company ranked #187, with 652% growth from 2016 to 2019. [57]

Acquisitions

Timeline

Year announcedCompanyBusinessValue (USD)References
2017Panasonic Camera ManagerCloud video surveillanceNot disclosed [58]
2021Uncanny VisionVideo Surveillance AINot disclosed [59] [60]

Related Research Articles

<span class="mw-page-title-main">Motorola Solutions</span> American data communications and telecommunications equipment provider

Motorola Solutions, Inc. is an American video equipment, telecommunications equipment, software, systems and services provider that succeeded Motorola, Inc., following the spinoff of the mobile phone division into Motorola Mobility in 2011. The company is headquartered in Chicago, Illinois.

Barracuda Networks, Inc. is a company providing security, networking and storage products based on network appliances and cloud services.

<span class="mw-page-title-main">Axis Communications</span> Swedish manufacturer of surveillance cameras

Axis Communications AB is a Swedish manufacturer of network cameras, access control, and network audio devices for the physical security and video surveillance industries. Since 2015, it operates as an independent subsidiary of Canon Inc.

<span class="mw-page-title-main">IP camera</span> Network-connected digital video camera

An Internet Protocol camera, or IP camera, is a type of digital video camera that receives control data and sends image data via an IP network. They are commonly used for surveillance, but, unlike analog closed-circuit television (CCTV) cameras, they require no local recording device, only a local area network. Most IP cameras are webcams, but the term IP camera or netcam usually applies only to those that can be directly accessed over a network connection.

<span class="mw-page-title-main">IQinVision</span>

IQinVision is a manufacturer of network cameras, IP cameras, and network video recording (NVR) systems. The company was founded in 1998. The company is headquartered in San Juan Capistrano, California, and it has offices in Lancaster, Pennsylvania and Utrecht, Netherlands.

Supercircuits, Inc. is an American manufacturer of audio and video surveillance solutions based in Austin, Texas.

Physical security information management (PSIM) is a category of software that provides a platform and applications created by middleware developers, designed to integrate multiple unconnected security applications and devices and control them through one comprehensive user interface. It collects and correlates events from existing disparate security devices and information systems to empower personnel to identify and proactively resolve situations. PSIM integration enables numerous organizational benefits, including increased control, improved situation awareness and management reporting. Ultimately, these solutions allow organizations to reduce costs through improved efficiency and to improve security through increased intelligence.

Joyent Inc. is a software and services company based in San Francisco, California. Specializing in cloud computing, it markets infrastructure-as-a-service. On June 15, 2016, the company was acquired by Samsung Electronics.

<span class="mw-page-title-main">OpenNebula</span> Cloud-computing platform for managing heterogeneous distributed infrastructure

OpenNebula is an open source cloud computing platform for managing heterogeneous data center, public cloud and edge computing infrastructure resources. OpenNebula manages on-premises and remote virtual infrastructure to build private, public, or hybrid implementations of Infrastructure as a Service and multi-tenant Kubernetes deployments. The two primary uses of the OpenNebula platform are data center virtualization and cloud deployments based on the KVM hypervisor, LXD/LXC system containers, and AWS Firecracker microVMs. The platform is also capable of offering the cloud infrastructure necessary to operate a cloud on top of existing VMware infrastructure. In early June 2020, OpenNebula announced the release of a new Enterprise Edition for corporate users, along with a Community Edition. OpenNebula CE is free and open-source software, released under the Apache License version 2. OpenNebula CE comes with free access to patch releases containing critical bug fixes but with no access to the regular EE maintenance releases. Upgrades to the latest minor/major version is only available for CE users with non-commercial deployments or with significant open source contributions to the OpenNebula Community. OpenNebula EE is distributed under a closed-source license and requires a commercial Subscription.

Nimbula was a computer software company that existed from 2008 to 2017. It developed software for the implementation of public and private cloud computing environments.

<span class="mw-page-title-main">Dean Drako</span> American businessman and entrepreneur

Dean Drako is an American businessman and entrepreneur who has founded more than six companies. Drako was founder, president and CEO of Barracuda Networks from 2003 to July 2012. He is currently founder and CEO of Eagle Eye Networks, and co-founder and CEO of IC Manage and Drako Motors. He is also owner and chairman of Brivo and Cobalt AI.

The Physical Security Interoperability Alliance (PSIA) is a global consortium of more than 65 physical security manufacturers and systems integrators focused on promoting interoperability of IP-enabled security devices and systems across the physical security ecosystem as well as enterprise and building automation systems.

<span class="mw-page-title-main">Dell Software</span> Former software division of Dell, Inc.

Dell Software was a former division of Dell with headquarters in Round Rock, Texas, United States. Dell Software was created by merging various acquisitions by Dell Inc., the third-largest maker of PCs and now a privately held company, to build out its software offerings for data center and cloud management, information management, mobile workforce management, security and data protection for organizations of all sizes.

Dropcam, Inc. was an American technology company headquartered in San Francisco, California. The company is known for its Wi-Fi video streaming cameras, Dropcam and Dropcam Pro, that allow people to view live feeds through Dropcam's cloud-based service. On June 20, 2014, it was announced that Google's Nest Labs bought Dropcam for $555 million, a decision Dropcam co-founder Greg Duffy later described as a "mistake". In June 2015, Nest introduced the Nest Cam, a successor to the Dropcam Pro. Support for Dropcam services ended on April 8, 2024.

<span class="mw-page-title-main">Fuze (company)</span> American communications and software company

Fuze is a cloud communications and collaboration software platform designed for the enterprise. Fuze was acquired by 8x8. The company is headquartered in Boston, Massachusetts.

Brivo, Inc. is a smart building company providing cloud-based access control and video surveillance products for physical security and internet of things applications.

<span class="mw-page-title-main">Boomi, LP</span> American software company

Boomi is a software company that specializes in integration platform as a service (iPaaS), API management, master data management and data preparation. Boomi was founded in Berwyn, Pennsylvania, and first launched its services in 2007.

Matroid, Inc. is a computer vision company that offers a platform for creating computer vision models, called detectors, to search visual media for objects, persons, events, emotions, and actions. Matroid provides real-time notifications once the object of interest has been detected, as well as the ability to search past events.

Auka is a Norwegian, VC-backed financial technology company. Its PSD2 compliant technology platform enables banks to issue white label mobile payments products to their private and merchant customers.

OpenALPR is an automatic number-plate recognition library written in C++. The software is distributed in both a commercial and open source version.

References

  1. 1 2 Honovich, John (October 27, 2020). "Eagle Eye Networks Raises $40 Million". IPVM. Retrieved June 9, 2021.(Subscription required.)
  2. ↑ "Eagle Eye Networks Continues Global Expansion, Announces Record Q1 Revenue". Bloomberg . Austin, Texas. April 29, 2021. Retrieved June 9, 2021.
  3. 1 2 Wall Street Journal The Daily Startup: Barracuda Networks Co-Founder Launches Video Surveillance Startup
  4. ↑ ProgrammableWeb APICON 2014: Applying APIs To Video Surveillance
  5. ↑ Security Info Watch Eagle Eye Networks enters VMS market
  6. ↑ Storage Switzerland Eagle Eye Networks brings the Cloud to Video Surveillance
  7. ↑ Texas TechPulse Eagle Eye Networks Takes On Cloud-based Video Security
  8. ↑ Mercury News Barracuda Networks Founder's Next Act
  9. 1 2 Dow Jones Serial Entrepreneur and Ex-Barracuda CEO Launches Eagle Eye Networks to Take Video to the Cloud
  10. ↑ Biz Report Eagle Eye Launches cloud platform with data
  11. ↑ AS Mag Eagle Eye Networks announces new camera VMS
  12. ↑ Austin Business Journal Barracuda Networks co-founder tackles video surveillance
  13. ↑ Government Security News Dean Drako, former founder and CEO of Barracuda Networks launches Eagle Eye Networks
  14. ↑ The VAR Guy Eagle Eye Debuts Partner Program for Cloud-Based Video Surveillance
  15. ↑ IT Web Eagle Eye unveils global channel programme
  16. ↑ Channel Vision Eagle Eye Debuts Channel Program for Cloud-Based Video
  17. ↑ Security Sales & Integration Eagle Eye Networks Unveils Channel Partner Program
  18. ↑ Wall Street Journal VCs On Pace to Break Late-Stage Record
  19. ↑ Reuters PE Hub Michael Dell's MSD Capital backs Eagle Eye Networks
  20. ↑ ChannelWeb Michael Dell taps personal piggy bank for Eagle Eye investment
  21. ↑ CRN Michael Dell Invests In Cloud Video Surveillance Specialist Eagle Eye
  22. ↑ Venture Beat Michael Dell is funding this company to move surveillance cameras onto the cloud
  23. ↑ Security Director News Dell makes multi-million dollar investment in Eagle Eye Networks
  24. ↑ IT Business Dell leads funding round for cloud video surveillance firm
  25. ↑ Security Sales & Integration Eagle Eye Networks Receives 'Multimillion-Dollar' Investment From Dell
  26. ↑ Government Video Eagle Eye Networks Announces Cloud Video Data Center in Austin, Texas
  27. ↑ ATM Marketplace Diebold, Eagle Eye Networks team up to offer cloud-based video services
  28. ↑ Security Systems News Diebold and Eagle Eye: API advocates ally
  29. ↑ Xconomy Dean Drako Acquires Brivo Cloud Access Control Company for $50 Million
  30. ↑ Security Info Watch Brivo acquired by Eagle Eye Networks Founder Dean Drako for $50M
  31. ↑ CloudWedge Dean Drako, Owner of Eagle Eye, Buys Brivo in $50M Deal
  32. ↑ "Start-Ups Bring Simple, Affordable Video Alerts to IoT". Design News. 2017-05-01. Retrieved 2018-11-09.
  33. ↑ 株式会社インプレス (2018-06-19). "イグアス、IoTセンサーを簡単に運用開始できる米Swift Sensorsのクラウドサービスを販売". クラウド Watch (in Japanese). Retrieved 2018-11-09.
  34. ↑ SecurityInfoWatch: Eagle Eye Networks raises $40M in funding from Accel Oct 2020
  35. ↑ SiliconHills: Eagle Eye Networks Closes on $40 Million in Funding and Plans to Hire 200 Employees Oct 2020
  36. ↑ Security Systems Sales: Eagle Eye Networks Raises $40M in Series E Funding Oct 2020
  37. ↑ Lunden, Ingrid (2023-05-17). "Eagle Eye Networks and Brivo raise $192M in a joint round to boost cloud security business". TechCrunch. Retrieved 2023-05-18.
  38. ↑ TechCrunch Eagle Eye Networks and Brivo raise $192M in a joint round to boost cloud security business. Retrieved May 17, 2022
  39. ↑ SP&T News: Dean Drako recognized with Entrepreneur Of The Year Gulf South Award | 2024-06-19
  40. ↑ Security Systems News Eagle Eye releases cloud-controlled VMS
  41. ↑ IT Web Eagle Eye takes video storage into cloud
  42. ↑ Security Sales & Integration Eagle Eye Networks Makes Debut in VMS Market
  43. ↑ Security Today Dell Makes Multi-Million Dollar Investment in Cloud Surveillance Company Eagle Eye Networks
  44. ↑ IT Web Eagle Eye unveils cloud video API
  45. ↑ Security Systems News Eagle Eye debuts 'modern, open' API
  46. ↑ Security Sales Eagle Eye Networks Releases ‘Smart Video Search,’ Celebrates 10th Anniversary. Retrieved Dec 29, 2022
  47. ↑ Market Watch Startup puts video surveillance in the cloud
  48. ↑ Computer World Barracuda Networks' Former CEO Dean Drako Launches Eagle Eye Networks. Archived 2014-03-06 at the Wayback Machine
  49. ↑ TMCnet Eagle Eye Networks Launches, Promises Security Video Management
  50. ↑ "Special ISC West Coverage: SIA 2014 New Product Showcase Awards". Locksmith Ledger. 2014-04-04. Retrieved 2024-03-04.
  51. ↑ "Eagle Eye wins SIA award". itvarnews.techplusmedia.com. 2014-04-04. Retrieved 2024-03-04.
  52. ↑ CRN The 25 Coolest Emerging Vendors For 2014. Archived 2014-10-21 at the Wayback Machine
  53. ↑ Security Systems News Goldman Sachs names Eagle Eye Networks founder one of '100 Most Intriguing Entrepreneurs of 2014′
  54. ↑ The VAR Guy Goldman Sachs recognizes Eagle Eye Networks CEO Dean Drako as one of 100 Most Intriguing Entrepreneurs of 2014. Archived 2014-10-25 at the Wayback Machine
  55. ↑ "Here Are the Austin Companies on the Deloitte Fast 500 List". Austin Inno. November 7, 2019. Archived from the original on 2019-11-15.
  56. ↑ "4 Austin Companies Made Deloitte's Technology Fast 500". Built In Austin. November 7, 2019.
  57. ↑ Security Sales & Integration Eagle Eye Networks Named Fastest Growing Video Surveillance Company by Deloitte Retrieved November 19, 2020
  58. ↑ "Eagle Eye Networks buys Panasonic's cloud video surveillance service and security camera". ZDNet. June 15, 2017.
  59. ↑ Security Info Watch Eagle Eye Networks enhances AI video capabilities with new acquisition Retrieved September 30, 2021
  60. ↑ Grit Daily Eagle Eye Networks Acquires Uncanny Vision to Reshape Video Surveillance Retrieved October 7, 2021
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.