SECOM invest top dollar in Eagle Eye Networks and Brivo
Eagle Eye Networks and Brivo announce an investment of USD $192 million from SECOM, one of the most significant primary equity investments to date in cloud physical security.
SECOM, one of the largest security integration companies in the world, according to Forbes Global 2000, committed USD $100 million in Eagle Eye Networks and USD $92 million in Brivo.
Eagle Eye Networks and Brivo are independent companies majority owned by Dean Drako. Drako founded Eagle Eye Networks in 2012 and serves as CEO; he acquired a majority stake in Brivo in 2015 and is chairman.
Eagle Eye Networks is a cloud video surveillance and AI analytics provider, delivering cyber-secure, cloud-based video with artificial intelligence (AI) and analytics to make businesses more efficient and secure.
Bravo is a cloud-based access control and intelligent space technology with a building access platform that is now the digital foundation for the most extensive collection of customer facilities in the world, protecting over 450 million square feet across 60 countries.
Draco says: “The SECOM investment underscores that cloud and AI are the future of physical security.”
“Both Eagle Eye and Brivo will use a significant portion of the investment to develop further 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,” says Drako.
As independent, open-platform companies, Eagle Eye Networks and Brivo integrate with several third-party technology providers, including 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 to optimise safety and security.
Sadahiro Sato, Managing Executive Officer for SECOM, says, “SECOM has a proud history of innovation going back to Japan's first online security system for commercial use in 1966.”
“We’re committed to delivering services and systems that provide 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,” says Sato.
Eagle Eye Networks says it will use the investment to continue developing its AI-based analytics capabilities, such as Eagle Eye Smart Video Search, Smart Alarms, and Vehicle Intelligence, and expand its worldwide operations.
Brivo will use its 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 and enhance the intelligent spaces and AI functionality in the Brivo Access Platform for its enterprise, multifamily, and commercial real estate customers.