Cloud video surveillance company Eagle Eye Networks has secured $40 million in its Series E round of funding. The funding came from the Venture Capital firm Accel. Headquartered in Austin, Texas, the company is a leader in cloud video surveillance and addresses the needs of businesses, alarm companies, security integrators, cities, and individuals.
Eagle Eye Networks uses AI on its cloud platform, which is a game-changer in the video surveillance space. Its services have been dramatically reshaping video surveillance and are improving safety, security, operations, and customer service for businesses around the world. The changes brought on due to the 2020 pandemic have made the company’s products and services even more desirable.
The company was founded in 2012 and has quickly become a leader in this space. The Texan company has offices in Europe and Asia-Pacific. The Eagle Eye Networks is led by Dean Drako.
Sameer Gandhi, Partner at Accel said, “Eagle Eye Networks pioneered the video surveillance industry’s move to the cloud, and AI applications will drive the industry’s next transformation. Eagle Eye is in the pole position to make this happen. Its true cloud technology puts Eagle Eye in a unique position to instantly deploy new analytics breakthroughs.” He further lauded Dean Drako’s track record as the company’s leader.