Eagle Eye Networks Announces Record Q1 Revenue, Expands
Eagle Eye Networks, which leverages artificial intelligence on a cloud platform for security applications, has announced record Q1 2021 revenue growth and greater than 85 per cent year-over-year revenue growth in 2020.
Fuelling growth globally are a new manufacturing facility near its Austin headquarters, and a near doubling of its team to meet the growing demand for cloud video surveillance.
“We have passed the tipping point in the video surveillance industry’s adoption of cloud video, as businesses of all types and sizes have realized the advantages of a true cloud solution,” said Dean Drako, founder and CEO of Eagle Eye Networks.
“Resellers, business owners, and IT professionals understand Eagle Eye Networks smart cloud video surveillance, with appropriate privacy and cybersecurity protections, is making businesses more efficient and effective, and communities much safer.”
In addition to record revenue and growth in 2020 and Q1 2021, the company announced funding from venture capital firm Accel in Q4 2020, spurring additional investment in people, products, and the technology Drako said were needed to transform the video surveillance industry.