“Now, we have all the video in the cloud and we have tremendous amounts of compute power in the cloud, so we can start to enable and enhance and make these features available at the click of a button.
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“Analytics are really hard to do when you’re doing them at the edge because you’ve got to roll somebody to the site, they’ve got to install hardware, change the cameras… and it’s just a mess to do,” he says. Now that they have video data in the cloud, the company plans to take advantage of the opportunity to bring AI-powered analytics – weapons detection, people counting and so forth – to its end-users via the cloud, which could revolutionize how analytics are used in the industry. While Eagle Eye Networks efforts thus far have been to migrate traditional, on-premises video surveillance deployment onto its true cloud platform that transmits all video to the cloud in a cyber secure manner and not just certain portions of it, Drako says that process has involved some “pretty heavy plumbing” over the past ten years and included hundreds of thousands of cameras as well as all of the different codecs, browsers, etc. “Eagle Eye is in the pole position to make this happen.”
“Eagle Eye Networks pioneered the video surveillance industry’s move to the cloud, and AI applications will drive the industry’s next transformation,” Sameer Gandhi, Partner at Accel, said in a statement announcing the funding round.
Accel, a long-time Silicon Valley venture capital firm, has invested in a number of other tech companies, including Facebook, Dropbox, Spotify, and DocuSign.Īccording to Dean Drako, Founder and CEO of Eagle Eye Networks, this marks the first time that a “Tier 1” venture capital firm like Accel has invested in the video surveillance space, which he believes speaks volumes about the company as well as the opportunity that is before the industry as it pertains to AI. For more information, please visit call +1-51 (US), +31 (0) 20 26 10 460 (EMEA) or +81-3-6868-5527 (JP).Eagle Eye Networks announced on Tuesday that it has raised $40 million in funding from Accel that it will use to develop artificial intelligence (AI) solutions on its cloud-based video surveillance platform. Headquartered in Austin, Texas, USA, Eagle Eye has offices in Europe and Asia-Pacific. Eagle Eye’s open Video API has been widely adopted for integration in alarm monitoring, third party analytics, security dashboards, and point of sale system integrations.Įagle Eye sells its products through authorized global resellers and installation partners. All Eagle Eye products benefit from Eagle Eye’s developer friendly RESTful API platform and Big Data Video Framework ™, which allow for indexing, search, retrieval, and analysis of live and archived video. Businesses of all sizes and types utilize Eagle Eye solutions for operational optimization and security. Eagle Eye’s 100% cloud managed solutions provides cloud and on-premise recording, bank level security and encryption, and broad analog and digital camera support – all accessed via the web or mobile applications. Founded in 2012, Eagle Eye Networks, Inc., is #1 in cloud video surveillance worldwide, addressing the needs of businesses, alarm companies, security integrators, and individuals.
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