Eagle Eye Networks, a provider of cloud video surveillance and Brivo, a supplier of cloud-based access control and smart space technologies, have announced one of the largest investments to date in cloud physical security. 

According to the companies, 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, with $100 million in Eagle Eye Networks and $92 million in Brivo.

Strengths

Eagle Eye Networks and Brivo are independent companies majority owned by Dean Drako. Drako founded the former in 2012 and serves as CEO; he acquired a majority stake in the latter 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 further develop 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.”

The companies highlight that as independent, open platform companies, Eagle Eye Networks and Brivo integrate with many third-party technology providers. In addition, Eagle Eye and Brivo provide a fully integrated solution that global businesses use to manage risk, identify threats and respond. The companies’ joint capabilities deliver real-time AI-enabled video and access control events analysis, optimizing safety and security.

Investment

Eagle Eye Networks says it will use the investment for continued development of its AI-based analytics capabilities such as Eagle Eye Smart Video Search, Smart Alarms and Vehicle Intelligence and to expand its worldwide operations.

Brivo will use the investment to grow sales and marketing, accelerate product development and scale support and operational functions and evaluate strategic acquisitions. The company will also use the additional investment to continue expanding in Latin America, Europe and Asia Pacific, as well as 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 the mission our three companies share: to provide the best technology possible to keep businesses and communities safe.”