“We strongly believe the total cost of ownership (TCO) for cloud systems is more affordable,” says Ken Francis, President of cloud video surveillance company Eagle Eye Networks. “And introducing really powerful AI will expand the cost differences.”
Combining AI And Cloud Video
Eagle Eye Networks has raised $40 million of Series E funding from venture capital firm Accel to finance realization of their vision to combine AI and cloud video. Eagle Eye to continue its steep growth curve and leverage AI on its true cloud platform to reshape video surveillance with the funding. “The investment will make video surveillance smarter and safer for end users,” says Francis.
Eagle Eye offers an application programing interface (API) to enable integration of best-in-breed third-party AI and analytics systems to leverage the video. The system sends captured video to the cloud, where a variety of AI or video analytics systems can extract valuable data from the captured video. In effect, end users have maximum flexibility to manage and analyze their video data however they wish.
Delivering Lower Costs
Eagle Eye is offering integration with third-party systems and investing in its own AI development, and hiring additional development and customer service personnel. Customers benefit from lower costs because of economies of scale as new technologies become part of the Eagle Eye platform.
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