Eagle Eye Networks has raised $40 million from venture capital firm Accel to continue its growth and expand its technology leadership. Eagle Eye is leveraging artificial intelligence (AI) on its cloud platform to reshape video surveillance and improve safety, security, operations, and customer service for businesses around the world.
Today’s video surveillance systems have multiple security features, such as motion detection and standard analytics. However, these systems require either monotonous monitoring or a meticulous manual review after each triggered event to extract useful information. Similarly, business operations analytics are still in early development.
“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.”
Expanding to SA
Speaking to Hi-Tech Security Solutions, Eagle Eye’s MD for EMEA, Rishi Lodhia, said the company is planning to significantly expand its presence in South Africa in 2021. At the moment, Eagle Eye has a direct fibre connection to the country with a very low latency which will allow for reliable cloud surveillance. With 12 data centres around the world, Lodhia stated that adding a new data centre in South Africa is also a possibility to ensure that video footage stays within the country’s borders.
Lodhia added that the company will be offering AI that could automatically detect unusual or suspicious circumstances, as well as features such as gun detection. In addition, third-party AI applications can also be easily integrated into the Eagle Eye system so that users can get the best technology available for their surveillance operations.
“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 waiting lines, ensuring displays are organised and stores clean, and assuring product quality.”
Lodhia and his team are also planning to increase the number of partners the company has in the country. One of the benefits for partners and end-user companies is that the system is simple and fast to install – see the case study on installing 13 000 cameras in four months go to http://www.securitysa.com/11887r. Just as Google users never see the complexity behind the simple Google search page, Eagle Eye wants to make cloud-based surveillance as simple.
Eagle Eye Networks Cloud VMS
The Eagle Eye Cloud Video Management System (VMS) is a smart cloud video surveillance solution, purpose-built to help businesses improve safety, security, operations, and customer service. The VMS offers comprehensive central management, cloud reliability and redundancy, cost savings, and its open API video platform provides a vast number of third-party integrations. The company also includes cybersecurity throughout, with its ‘cyber-secure design and video encryption’ protecting their data and privacy in transit and at rest. The cloud VMS works with thousands of cameras and does not require customers to ‘rip and replace’ their existing infrastructure.
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