Eagle Eye Networks, Inc. (EEN) is an American company providing cloud-based video surveillance productsWall Street Journa
The Daily Startup: Barracuda Networks Co-Founder Launches Video Surveillance Startup
/ref> for physical security and

business operations Business operations is the ''harvesting'' of value from assets owned by a business. Assets can be either ''physical'' or '' intangible''. An example of value derived from a physical asset, like a building, is rent. An example of value derived fro ...

applications.

History

Eagle Eye Networks was founded in 2012 by

Dean Drako Dean Drako is an American businessman and entrepreneur who has started more than five companies. Drako was founder, president and CEO of Barracuda Networks from 2003 to July 2012. Drako is currently President and CEO of Eagle Eye Networks, IC ...

, Barracuda Networks' founder and former CEO. 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. The company and its first product, the Eagle Eye Cloud Security Camera Video Management System, were announced in January 2014.Dow Jone
Serial Entrepreneur and Ex-Barracuda CEO Launches Eagle Eye Networks to Take Video to the Cloud
/ref> The company announced its

channel partner A channel partner is a company that partners with a manufacturer or producer to market and sell the manufacturer's products, services, or technologies. This is usually done through a co-branding relationship. Channel partners may be distributors, ve ...

program the following month. 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. Michael Dell stated that he made the investment primarily because of CEO Drako's earlier success with Barracuda Networks. Enrique Salem, previous CEO of

Symantec Symantec may refer to: *An American consumer software company now known as Gen Digital Inc. *A brand of enterprise security software purchased by Broadcom Inc. Broadcom Inc. is an American designer, developer, manufacturer and global supplier ...

and Austin Ventures also invested in the round. The company announced a new

data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...

in Austin, Texas in September 2014. 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. CEO Drako bought

Brivo Brivo, Inc. is a smart building company providing cloud-based access control and video surveillance products for physical security and internet of things applications.XconomDean Drako Acquires Brivo Cloud Access Control Company for $50 Million/ ...

cloud

access control In the fields of physical security and information security, access control (AC) is the selective restriction of access to a place or other resource, while access management describes the process. The act of ''accessing'' may mean consuming ...

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. In April 2017, EEN and Swift Sensors announced a partnership to deliver cloud-based

wireless sensor Wireless sensor networks (WSNs) refer to networks of spatially dispersed and dedicated sensors that monitor and record the physical conditions of the environment and forward the collected data to a central location. WSNs can measure environmental c ...

and video surveillance across multiple industries, enabling users to check video as needed, based on sensor data. 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. In 2023, it partnered with

to raise 192 million to focusing on the use of AI related to physical security. In 2023, EEN raised $100M in financing from SECOM. Drako continues to own the majority of Eagle Eye.

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. The system supports mobile apps for system installation, remote video viewing, and system management, with alerts for

motion detection Motion detection is the process of detecting a change in the position of an object relative to its surroundings or a change in the surroundings relative to an object. It can be achieved by either mechanical or electronic methods. When it is done by ...

, system tampering and camera malfunction. It also handles bandwidth management, and supports user adjustment of how much video is stored in the cloud or on-premises. The Eagle Eye Video API is an open RESTful API for integrators and developers to integrate video into their applications. It provides a set of storage,

analytics Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns toward effective decision-making. It ...

index Index (or its plural form indices) may refer to: Arts, entertainment, and media Fictional entities * Index (''A Certain Magical Index''), a character in the light novel series ''A Certain Magical Index'' * The Index, an item on a Halo megastru ...

ing, and

interfaces Interface or interfacing may refer to: Academic journals * Interface (journal), ''Interface'' (journal), by the Electrochemical Society * ''Interface, Journal of Applied Linguistics'', now merged with ''ITL International Journal of Applied Lin ...

for building or integrating applications with both live and recorded video. 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.

Recognition

The Eagle Eye Networks company launch was discussed in many publications, including

MarketWatch MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and ''Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp. Histor ...

Computerworld ''Computerworld'' (abbreviated as CW) is an ongoing decades old professional publication which in 2014 "went digital." Its audience is information technology (IT) and business technology professionals, and is available via a publication website ...

, and '' The Wall Street Journal'', regarding the company's focus on simple design and ease of use. Its cloud-based security camera system received an award for the best new hosted solution from the

Security Industry Association The Security Industry Association (SIA), based in Silver Spring, Maryland, is a U.S. trade association, founded in 1769, representing global security solutions providers. The organization today represents over 1,200 firms and organizations in t ...

in April 2014. The company was listed as a CRN Magazine top 25 emerging company in July 2014. Eagle Eye's founder and Dean Drako was named to

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

' 100 most intriguing entrepreneurs list for 2014. In November 2019, the

Deloitte Technology Fast 500 The Deloitte Technology Fast 500 Awards are run and moderated by international professional services group Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world. Winners include ...

ranked EEN #133 of the fastest growing technology companies in North America, with 936% growth from 2015 to 2018. 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.Security Sales & Integratio
Eagle Eye Networks Named Fastest Growing Video Surveillance Company by Deloitte
Retrieved November 19, 2020

Acquisitions

Timeline

External links

References

{{reflist, 35em Companies based in Austin, Texas Electronics companies of the United States Video surveillance companies American companies established in 2012