Revolutionizing Cloud Security: Eagle Eye Networks and Brivo Secure $ 192 Million to Secure Your Data

Eagle Eye Networks, the global leader in cloud video surveillance, and Brivo, the global leader in cloud-based access management and smart space technology, secured the biggest cloud physical security investments to date. SECOM CO., LTD, one of the world’s leading security integration businesses, according to Forbes Global 2000, has invested $192 million in the two companies, $100 million in Eagle Eye Networks, and $92 million in Brivo. The SECOM investment demonstrates that cloud and artificial intelligence are the future of physical security.

Dean Drako owns the majority interest in both Eagle Eye Networks and Brivo. Drako created Eagle Eye Networks in 2012 and currently serves as CEO; in 2015, he bought a controlling share in Brivo and now serves as chairman. Eagle Eye and Brivo will employ a large amount of the funding to further develop AI that significantly enhances enterprise and company security globally.” This investment will enhance the Eagle Eye and Brivo open platforms’ ability to provide clients with choice, efficiency, and innovation.

Eagle Eye Networks and Brivo- Optimizing Safety & Managing Risk!

Eagle Eye Networks and Brivo, being independent and open-platform firms, interface with numerous third-party technology suppliers, including the main property management and Proptech platforms. Furthermore, Eagle Eye and Brivo offer a completely integrated solution for global enterprises to manage and identify risks and respond to them. The combined capabilities of the organizations provide real-time AI-enabled video and access control event analysis, optimizing safety and security.

Eagle Eye Networks plans to utilize the funds to further develop its AI-based analytics capabilities, such as Eagle Eye Smart Video Search, Smart Alarms, and Vehicle Intelligence, and expand its global operations.

Brivo plans to utilize the funds to expand sales and marketing, expedite product development, scale support and operational services, and investigate strategic acquisitions. Brivo will also utilize the extra funding to expand further in Europe, Latin America, and Asia Pacific and improve the smart spaces and AI capabilities in the Brivo Access Platform for its enterprise and commercial real estate customers.

SECURED SERVICES & SYSTEM

“SECOM has a proud history of innovation dating back to Japan’s first commercial online security system in 1966,” stated Sadahiro Sato, SECOM’s Managing Executive Officer.

“We’re committed to delivering services and systems that provide safety, peace of mind, and business efficiency,” Sadahiro Sato says. Our investment in Eagle Eye Networks and Brivo, the industry leaders in cloud physical security, is an investment in our three firms’ shared mission: to deliver the finest technology available to keep businesses and communities safe.”

Eagle Eye Networks and Brivo Raised $192M in A Joint Round to Expand Cloud Security Business!

Eagle Eye Networks and Brivo, two players in the realm of physical cloud security (video surveillance and access control systems to safeguard buildings and other physical spaces, respectively), are doubling down… literally.

The two U.S. firms,  majority owned by the same person, security entrepreneur Dean Drako, have secured $192 million in a big, combined round of equity fundraising from a single, key investor: Japanese security services giant SECOM.

Draco told TechCrunch in an interview that $100 million will go to Eagle Eye, with the remaining $92 million going to Brivo. Both firms want to utilize the capital for research and development, especially to incorporate more AI-based technologies into their respective platforms.

Indeed! Security has emerged as one of the outstanding categories that have risen above the storm and managed to maintain revenue growth, gaining attention from investors seeking safer investments as a result of macroeconomic and political developments and the unavoidable rise in malicious web activity. While Eagle Eye and Brivo are not at the “cybersecurity” end of the security spectrum, they are addressing a very important and large segment of the market with extremely technologically advanced products. “A lot of investors have woken up to the opportunity for cloud conversion and AI application in the physical security market,” Draco said in an interview, citing Omdia data that predicted cloud-based solutions, also known as Physical Security as a Service, would grow between 19% and 21% year on year between 2021 and 2024.

It should be noted that both firms continue to offer and have several clients that use hybrid solutions, with certain video or access records retained on-site and some in the cloud. Although other startups are developing (and soliciting funds for) AI technology, Drako stated that for the time being, the two firms are focusing on their proprietary R&D  to have more control over what is being produced and for what reason. Hence, the view is that the future lies in developing more inventive end-point solutions that will improve automation and detection, with most of the work being done remotely and relying on cloud infrastructure.