Brivo and Eagle Eye Networks, two major players in the space of cloud security, (i.e., Eagle Networks-video surveillance and Brivo-access control systems) have together raised a funding of $192 million. This is to safeguard physical spaces as well as buildings.
This duo pair is majorly owned by Dean Drako (security entrepreneur). Dean has announced that they have received large funding of $192M from SECOM (a strategic investor) which is a Japan-based giant dealing in security services.
This funding is coming at a point when the world is facing great turbulence in terms of cash crunch. However, this phase has been proven to be successful for Dean Drako.
As per Drako, $100M will be allocated to Eagle Eye and the remaining $92M will be given to Brivo. Both of these organizations will be utilizing these funds for building AI-based technology and in their R&D.
Eagle Eye has about 20,000-30,000 clients, along with large enterprises. On the other hand, Brivo has about 20M clients associated with it while utilizing the services of its access control.