Eagle Eye Networks
TypePrivate
IndustryVideo surveillance
Physical security
Founded2012 (2012)
FounderDean 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)
Websitewww.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]

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]

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.[39][40]

The system supports mobile apps for system installation, remote video viewing, and system management, with alerts for motion detection, system tampering and camera malfunction.[41] It also handles bandwidth management, and supports user adjustment of how much video is stored in the cloud or on-premises.[42]

The Eagle Eye Video API is an open RESTful API for integrators and developers to integrate video into their applications.[43] It provides a set of storage, analytics, indexing, and interfaces for building or integrating applications with both live and recorded video.[44]

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.[45]

Recognition

The Eagle Eye Networks company launch was discussed in many publications, including MarketWatch,[46] Computerworld,[47] and The Wall Street Journal,[3] regarding the company's focus on simple design and ease of use.[48]

Its cloud-based security camera system received an award for the best new hosted solution from the Security Industry Association in April 2014.[49][50] The company was listed as a CRN Magazine top 25 emerging company in July 2014.[51]

Eagle Eye's founder and Dean Drako was named to Goldman Sachs' 100 most intriguing entrepreneurs list for 2014.[52][53]

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.[54][55]

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.[56]

Acquisitions

Timeline

Year announced Company Business Value (USD) References
2017 Panasonic Camera Manager Cloud video surveillance Not disclosed [57]
2021 Uncanny Vision Video Surveillance AI Not disclosed [58][59]


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. ↑ Security Systems News Eagle Eye releases cloud-controlled VMS
  40. ↑ IT Web Eagle Eye takes video storage into cloud
  41. ↑ Security Sales & Integration Eagle Eye Networks Makes Debut in VMS Market
  42. ↑ Security Today Dell Makes Multi-Million Dollar Investment in Cloud Surveillance Company Eagle Eye Networks
  43. ↑ IT Web Eagle Eye unveils cloud video API
  44. ↑ Security Systems News Eagle Eye debuts 'modern, open' API
  45. ↑ Security Sales Eagle Eye Networks Releases ‘Smart Video Search,’ Celebrates 10th Anniversary. Retrieved Dec 29, 2022
  46. ↑ Market Watch Startup puts video surveillance in the cloud
  47. ↑ Computer World Barracuda Networks' Former CEO Dean Drako Launches Eagle Eye Networks
  48. ↑ TMCnet Eagle Eye Networks Launches, Promises Security Video Management
  49. ↑ Locksmith Ledger Special ISC West Coverage: SIA 2013 New Product Showcase Awards
  50. ↑ ITVARnews Eagle Eye wins SIA award
  51. ↑ CRN The 25 Coolest Emerging Vendors For 2014
  52. ↑ Security Systems News Goldman Sachs names Eagle Eye Networks founder one of '100 Most Intriguing Entrepreneurs of 2014′
  53. ↑ The VAR Guy Goldman Sachs recognizes Eagle Eye Networks CEO Dean Drako as one of 100 Most Intriguing Entrepreneurs of 2014
  54. ↑ "Here Are the Austin Companies on the Deloitte Fast 500 List". Austin Inno. November 7, 2019.
  55. ↑ "4 Austin Companies Made Deloitte's Technology Fast 500". Built In Austin. November 7, 2019.
  56. ↑ Security Sales & Integration Eagle Eye Networks Named Fastest Growing Video Surveillance Company by Deloitte Retrieved November 19, 2020
  57. ↑ "Eagle Eye Networks buys Panasonic's cloud video surveillance service and security camera". ZDNet. June 15, 2017.
  58. ↑ Security Info Watch Eagle Eye Networks enhances AI video capabilities with new acquisition Retrieved September 30, 2021
  59. ↑ Grit Daily Eagle Eye Networks Acquires Uncanny Vision to Reshape Video Surveillance Retrieved October 7, 2021
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