Brivo, a vendor of cloud-based vendor access control and smart space technologies, and Eagle Eye Networks, a vendor of cloud-based video surveillance, split a $192 million private equity investment from Japan-based SECOM CO, a security integration company founded in 1962. Brivo received $92 million and Eagle Eye, $100 million, according to a press release.
"The investment in the two companies is one of the largest investments to date in cloud physical security," the companies claimed. "It will enable Eagle Eye and Brivo to further develop its use of AI to dramatically improve the security of businesses and citizens globally."
Brivo and Eagle Eye are independent companies, but both are majority owned by Dean Drako, who founded the latter, where he serves as CEO, in 2012 and acquired a majority stake in the former in 2015, where he is chairman.
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