Eagle Eye Networks raises $40 million to drive cloud and AI video surveillance technology

Eagle Eye Networks has raised $40 million to continue its focus on artificial intelligence (AI) and video surveillance.

“There is a tremendous opportunity to leverage AI and alter the very nature of video surveillance,” said Dean Drako, Founder and CEO of Eagle Eye Networks. “Eagle Eye Networks now has the means and the technology to enable cloud video surveillance to transform how companies manage security and business operations, in the same way self-driving/electric cars are transforming transportation.

“Ultimately, smart cloud video surveillance with appropriate privacy and cybersecurity protections will make the world much safer, for example: detecting dangers such as weapons, erratic driving, active robberies, and traffic accidents. Furthermore,” continued Drako, “it will help businesses provide better service by reducing wait lines, ensuring displays are organised and stores clean, and assuring product quality.”

Eagle Eye Networks Cloud VMS

The Eagle Eye Cloud Video Management System (VMS) is a cloud video surveillance solution, purpose-built to help businesses improve safety, security, operations, and customer service. Tens of thousands of companies in more than 90 countries around the globe have moved their video surveillance to the cloud with Eagle Eye VMS. Customers, including multi-family residences, smart cities, schools, hospitals, hotels, logistics, restaurants, and retail shops trust Eagle Eye for actionable business intelligence and proactive security.

The company expects to add roles across Europe to support the growth and customer success with the adoption of the cloud and AI powered video surveillance.

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