Eagle Eye Networks

Eagle Eye Networks, Inc. is a company providing cloud-based video surveillance products[1][2] for physical security and business operations applications.[3][4]

Eagle Eye Networks
TypePrivate
IndustryVideo surveillance
Physical security
Headquarters
Austin, Texas
,
United States
Number of locations
3
Area served
Worldwide
Key people
Founder & CEO
Dean Drako
ProductsCloud video surveillance system,
Video API
Number of employees
200
Websitewww.een.com

History

Eagle Eye Networks was founded in 2012 by Dean Drako, Barracuda Networks' founder and former CEO.[5] Drako said he started Eagle Eye Networks as a result of his frustrations with trying to deploy and use existing video surveillance systems for remote management while he was CEO of Barracuda.[6]

The company and its first product, the Eagle Eye Cloud Security Camera Video Management System, were first publicly announced in January 2014.[7][8][9][10][11] The company announced its channel partner program the following month.[12][13][14][15]

Eagle Eye Networks announced a multimillion-dollar series B venture round investment in July 2014, which included an investment by Michael Dell’s private family venture fund, MSD Capital.[16][17][7][18][19] Michael Dell stated that he made the investment primarily because of CEO Dean Drako’s prior success with Barracuda Networks.[20][21] Enrique Salem, prior CEO of Symantec and Austin Ventures also invested in the round.[22][23]

The company announced that it added a new data center in Austin, Texas in September 2014.[24]

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, Eagle Eye Networks had developed the industry's first cloud-based video solution with an open API.[25][26]

Dean Drako, Eagle Eye Networks' CEO, wholly acquired 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 Eagle Eye Networks’ cloud video surveillance. The two companies will continue to operate as separate entities.[27][28][29]

In April 2017, Eagle Eye Networks and Swift Sensors announced a major partnership to deliver cloud-based wireless sensor and video surveillance for applications across multiple industries.,[30] enabling users to check video as needed, based on sensor data.[31]

Eagle Eye Networks acquired Panasonic cloud video surveillance service and security camera system in June 2017.[32]

In November 2019, the Deloitte Technology Fast 500 ranked Eagle Eye Networks #133 of the fastest growing technology companies in North America, with 936% growth from 2015 to 2018.[33][34]

In 2020, Eagle Eye Networks 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.[35][36][37][38]

In November 2020, Eagle Eye Networks 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.[39]

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.[40][41]

The system supports mobile apps for system installation, remote video viewing, and system management, with alerts for motion detection, system tampering and camera malfunction.[42] It also handles bandwidth management, and supports user adjustment of how much video is stored in the cloud or on-premises.[43]

The Eagle Eye Video API is an open RESTful API for integrators and developers to integrate video into their applications.[44] It provides a set of storage, analytics, indexing, and interfaces for building or integrating applications with both live and recorded video.[45]

Reception

Eagle Eye Networks has been discussed by many publications, including MarketWatch,[46] ComputerWorld,[47] and Wall Street Journal,[1] for 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]

References
  1. Wall Street Journal The Daily Startup: Barracuda Networks Co-Founder Launches Video Surveillance Startup
  2. ProgrammableWeb APICON 2014: Applying APIs To Video Surveillance
  3. Security Info Watch Eagle Eye Networks enters VMS market
  4. Storage Switzerland Eagle Eye Networks brings the Cloud to Video Surveillance
  5. Texas TechPulse Eagle Eye Networks Takes On Cloud-based Video Security
  6. Mercury News Barracuda Networks Founder’s Next Act
  7. Dow Jones Serial Entrepreneur and Ex-Barracuda CEO Launches Eagle Eye Networks to Take Video to the Cloud
  8. Biz Report Eagle Eye Launches cloud platform with data
  9. AS Mag Eagle Eye Networks announces new camera VMS
  10. Austin Business Journal Barracuda Networks co-founder tackles video surveillance
  11. Government Security News Dean Drako, former founder and CEO of Barracuda Networks launches Eagle Eye Networks
  12. The VAR Guy Eagle Eye Debuts Partner Program for Cloud-Based Video Surveillance
  13. IT Web Eagle Eye unveils global channel programme
  14. Channel Vision Eagle Eye Debuts Channel Program for Cloud-Based Video
  15. Security Sales & Integration Eagle Eye Networks Unveils Channel Partner Program
  16. Wall Street Journal VCs On Pace to Break Late-Stage Record
  17. Reuters PE Hub Michael Dell’s MSD Capital backs Eagle Eye Networks
  18. ChannelWeb Michael Dell taps personal piggy bank for Eagle Eye investment
  19. CRN Michael Dell Invests In Cloud Video Surveillance Specialist Eagle Eye
  20. Venture Beat Michael Dell is funding this company to move surveillance cameras onto the cloud
  21. Security Director News Dell makes multi-million dollar investment in Eagle Eye Networks
  22. IT Business Dell leads funding round for cloud video surveillance firm
  23. Security Sales & Integration Eagle Eye Networks Receives ‘Multimillion-Dollar’ Investment From Dell
  24. Government Video Eagle Eye Networks Announces Cloud Video Data Center in Austin, Texas
  25. ATM Marketplace Diebold, Eagle Eye Networks team up to offer cloud-based video services
  26. Security Systems News Diebold and Eagle Eye: API advocates ally
  27. Xconomy Dean Drako Acquires Brivo Cloud Access Control Company for $50 Million
  28. Security Info Watch Brivo acquired by Eagle Eye Networks Founder Dean Drako for $50M
  29. CloudWedge Dean Drako, Owner of Eagle Eye, Buys Brivo in $50M Deal
  30. "Start-Ups Bring Simple, Affordable Video Alerts to IoT". Design News. 2017-05-01. Retrieved 2018-11-09.
  31. 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.
  32. "Eagle Eye Networks buys Panasonic's cloud video surveillance service and security camera". ZDNet. June 15, 2017.
  33. "Here Are the Austin Companies on the Deloitte Fast 500 List". Austin Inno. November 7, 2019.
  34. "4 Austin Companies Made Deloitte's Technology Fast 500". Built In Austin. November 7, 2019.
  35. SecurityInfoWatch: Eagle Eye Networks raises $40M in funding from Accel Oct 2020
  36. Crunchbase News: Accel-backed Eagle Eye Networks Brings In $40M Series E For Video Surveillance Oct 2020
  37. SiliconHills: Eagle Eye Networks Closes on $40 Million in Funding and Plans to Hire 200 Employees Oct 2020
  38. Security Systems Sales: Eagle Eye Networks Raises $40M in Series E Funding Oct 2020
  39. Security Sales & Integration Eagle Eye Networks Named Fastest Growing Video Surveillance Company by Deloitte Retrieved November 19, 2020
  40. Security Systems News Eagle Eye releases cloud-controlled VMS
  41. IT Web Eagle Eye takes video storage into cloud
  42. Security Sales & Integration Eagle Eye Networks Makes Debut in VMS Market
  43. Security Today Dell Makes Multi-Million Dollar Investment in Cloud Surveillance Company Eagle Eye Networks
  44. IT Web Eagle Eye unveils cloud video API
  45. Security Systems News Eagle Eye debuts ‘modern, open’ API
  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
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