Eagle Eye Networks, specializing in cloud video surveillance, and Brivo, which provides cloud-based access control and smart space technologies, Wednesday announced it received a $192 million investment from SECOM CO., LTD.
SEACOM, a security integration company, is investing $100 million in Eagle Eye Networks and $92 million in Brivo. Both Austin-based companies are majority owned by Dean Drako.
Drako founded Eagle Eye Networks in 2012 and serves as CEO. He acquitted a majority stake in Brivo in 2015 and is its chairman.
“The SECOM investment underscores that cloud and AI are the future of physical security,” Drako said in a news release. “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.”
Eagle Eye Networks and Brivo integrate with many third-party technology providers, including the leading property management and Proptech platforms.
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.
Eagle Eye Networks 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, scale support and operational functions, and evaluate strategic acquisitions. Brivo will also use the additional investment to continue expanding in Europe, Latin America, and Asia Pacific. It will also 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,” 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 our three companies’ mission: to provide the best technology possible to keep businesses and communities safe.”
