![]() “Eagle Eye is at the forefront of this revolution, delivering technologies that will make the world a safer place and businesses more efficient. “I firmly believe that the confluence of cloud and AI is revolutionizing video surveillance around the world,” said Drako. The company grew 403 percent during that period.Įagle Eye Networks CEO Dean Drako said the company’s alignment with two major trends – the move to cloud and adding artificial intelligence (AI) to cloud video surveillance – contributed to the company’s stellar growth. As the number one provider of video surveillance solutions for the third year in a row, Eagle Eye earned the number 12 overall spot in the category of Electronic Devices/Hardware. 17, 2021 (GLOBE NEWSWIRE) - Eagle Eye Networks today announced it ranked 307 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. “There are literally hundreds of millions of cameras in the world.AUSTIN, Texas, Nov. “We have just scratched the surface,” he added. He predicts that the AI portion will increase the market significantly. Meanwhile, while he would not disclose revenue figures, he revealed that Eagle Eye is experiencing high double-digit growth, which has been pretty consistent over the past four years.ĭepending on the survey, the current market size for video surveillance is between $25 billion and $40 billion globally and growing 10 percent per year, Drako said. There are more than 75 job openings, and Drako said he aims to bring on 100 to 125 new hires within the next year. The company is also planning to add employees. ![]() This new funding will be used to expand sales and marketing and invest in AI, particularly for new projects such as license plate recognition and elevated temperature screening. Historically, the funding enabled Eagle Eye to build its cloud infrastructure and service to actually transmit video to the cloud, which included organizing and making videos accessible, as well as adding APIs and applications on top of that for customers, Drako said. “Dean saw the business accelerating and being more aggressive.” “With every other market segment, there is a push to shift to the cloud, which is a more efficient deployment method, and the video surveillance industry is one of the last ones to do that,” Gandhi said. Sameer Gandhi, partner at Accel, said in an interview that he has known Drako for years, going all the way back to when Drako founded Barracuda Networks, a cloud security company. That includes a $20 million Series C round in 2018, according to Crunchbase data. Including the new funding, Eagle Eye has raised a total of $100 million since the company was founded in 2012. “In the cloud, we can start to do amazing artificial intelligence on the videos so that instead of customers having to sift through the videos manually, we can go through them and find people of interest, notify someone if their office is messy or even when guns are detected.” “Ninety percent of video surveillance is still not on the cloud, and we are the dominant player that is moving the traditional business to the cloud,” he told Crunchbase News. It also works with industry cameras so customers don’t have to rip out and replace their existing cameras, he said. The company’s video management system integrates with other application programming interfaces to provide recording, security and encryption, as well as broad analog and digital camera support. Eagle Eye Networks, a cloud video surveillance company, raised $40 million in Series E funding from Accel to advance its platform.ĭean Drako, founder and CEO of Eagle Eye Networks, touts that the Austin-based company is leading the charge in the transition of video surveillance to the cloud. ![]()
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