Michael Dell Invests in Cloud Video Surveillance

MSD Capital has made a “multi-million dollar” capital investment in Eagle Eye Networks, an Austin, Texas-based cloud surveillance security company.

Announced on Thursday, the Series B funds will be used to further expand the Eagle Eye Security Camera Video Management System (VMS) to “meet the rapidly growing” demand from its customers, the company said.

Austin Ventures and Enrique Salem, former CEO of Symantec (SYMC) and current board Member at FireEye, a Milpitas, California-based network security company, also participated in the financing round.

“Cloud technology is transforming the video surveillance industry, with broad applications spanning both security and business operations,” MSD Capital founder Michael Dell said in a statement.

Dean Drako founded Eagle Eye Networks in 2012. He was the founder, president and CEO of Barracuda Networks, an IT appliances provider for the mid-market.

MSD Capital’s last investment was in Kobalt Music Group, an independent music publisher and music services company. The investment was made in June 2014.

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