In the ever-evolving landscape of cloud-based technology, partnerships between industry leaders can often yield remarkable results. Eagle Eye Networks, experts in cloud video surveillance and Brivo, a cloud-based access control and smart space technologies company, announced one of the largest investments in cloud physical security to date. SECOM CO., Ltd, one of the largest security integration companies in the world, has made a primary equity investment of $192 million in the two companies, $100M in Eagle Eye Networks and $92M in Brivo.
Eagle Eye Networks 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.
“The SECOM investment underscores that cloud and AI are the future of physical security,” said Drako. “Both Eagle Eye and Brivo will use a significant portion of the investment to develop further AI that dramatically improves the security of enterprises and businesses globally. The Eagle Eye and Brivo open platforms provide customers with choice, efficiencies, and innovation, all of which this investment will accelerate.”
EEN is a renowned name in the field of cloud video surveillance. Brivo, on the other hand, has established itself as a frontrunner in cloud-based access control solutions. It specialises in innovative technologies that enhance physical security and streamline access management for businesses of all sizes.
According to reports, EEN will use the investment to continue developing its AI-based analytics capabilities, such as Eagle Eye Smart Video Search, Smart Alarms, and Vehicle Intelligence, and expand its worldwide operations.
Brivo will use the investment to grow sales and marketing, accelerate product development scale support and operational functions, and evaluate strategic acquisitions. Brivo will also use the additional investment to continue expanding in Europe, Latin America, and Asia Pacific and enhance the smart spaces and AI functionality in the Brivo Access Platform for its enterprise, multifamily, and commercial real estate customers.
“SECOM has a proud history of innovation going back to Japan’s first online security system for commercial use in 1966,” said Sadahiro Sato, SECOM Managing Executive Officer. “We’re committed to delivering services and systems that deliver safety, peace of mind and business efficiency. Our investment in Eagle Eye Networks and Brivo, the market leaders in cloud physical security, is an investment in our three companies’ mission: to provide the best technology possible to keep businesses and communities safe.”