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Dean Drako

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Dean Drako
Drako at the ES Design West 10 July 2019
Alma mater
OccupationParallel Entrepreneur
Board member of
WebsiteLinked in

Dean Drako is an American businessman and entrepreneur who has started more than five companies. Drako was founder, president and CEO of Barracuda Networks[1] from 2003 to July 2012. Drako is currently President and CEO of Eagle Eye Networks,[2][3] IC Manage and Drako Motors. He is also chairman of Brivo.[4]

He graduated with a BS in Electrical Engineering from the University of Michigan and an MS in Electrical Engineering from UC Berkeley.[5] As of 2020, Drako is a holder of 53 patents, including patents on video streaming, video storage, video analytics, digital image processing, network security & protocols, digital circuits, biochemical assays, and electric automobiles.[6]

Career history

In 1982, Drako founded his first company, which sold a bulletin board system software package called T-net, used to share messages via modems. Drako used the profits to fund his college education.[7][8]

In 1992, Drako founded Design Acceleration, Inc, served as its CEO,[9] and sold it to Cadence Design Systems in 1999.[10] Drako was also founder and CEO of Boldfish and Velosel;[11] Boldfish was acquired by Siebel Systems in 2003.[12] In 2003 Drako founded IC Manage,[13] where he continues to be president and CEO.[14]

Drako has written a number of articles on open source, big data, and system on chip design.[15][16][17][18]

Drako is a frequently invited speaker and contributor on the topic of entrepreneurship, including by UC Berkeley,[19][20][21] University of Michigan,[22] ISPD,[23] and Forbes.[24][25]

Barracuda Networks

Also in 2003, Drako founded Barracuda Networks and introduced their email spam and virus appliance product line.[26][27] Other Barracuda product lines launched during Drako's tenure were: web filters,[28] load balancers,[29] email archiving,[30] and digital PBXs.[31]

Drako executed six acquisitions by Barracuda Networks: In 2007, NetContinuum, an application controller company;[32] in 2008, BitLeap, a provider of cloud-based backup services,[33] and 3SP, an SSL and VPN company;[34] in 2009, Yosemite Technologies, for incremental backup of applications;[35] a controlling interest in phion AG, an Austria-based public enterprise-class firewalls company,[36] and Purewire Inc, a software as a service (SaaS) cloud-based web filtering and security company.[37]

Drako contributed to or supported 16 different open source projects while running Barracuda including Valgrind, Apache, and the Free Software Foundation.[38]

Barracuda was ranked #2 by Glassdoor in 2011, with Drako receiving an 88% approval rating.[39] Drako resigned from Barracuda Networks in July 2012 to found Eagle Eye Networks, while continuing to serve on Barracuda's board of directors until 2014.[40] At the time of Drako’s resignation, Barracuda stated it was profitable, generating hundreds of millions in annual revenue, close to 30% year-over-year growth since inception, and had surpassed 150,000 customers.[41][42]

IC Manage

In 2003, Drako also co-founded[43] IC Manage, which provides Design & IP Management, Big Data Analytics, and high performance computing Scale Out I/O & Cloud Bursting software. He continues to serve as President and CEO.[44]

Eagle Eye Networks

In July 2012, Drako founded Eagle Eye Networks, a cloud-based video security company, and serves as its CEO.[45][46]

In January 2014, Drako formally launched Eagle Eye Networks and introduced its cloud-managed video surveillance system. Eagle Eye’s goal was “to do for video surveillance what Dropbox did for file sharing by making video more available and far easier to use.”[47][48] Drako has been credited with establishing the concept of ‘true cloud’ in the physical security industry, to emphasize the differences between applications designed specifically for the cloud and legacy-design applications being run on a cloud-hosted virtual server.[49]

In 2019 Eagle Eye Networks ranked #133 on the Deloitte Technology Fast 500 list of fastest growing technology companies in North America, with 936% growth from 2015 to 2018.[50][51] In 2020, Eagle Eye Networks ranked #187 on the Deloitte Technology Fast 500 list, with 652% growth from 2016 to 2019.[52]

In 2021, Eagle Eye Networks acquired artificial intelligence company Uncanny Vision, with a stated goal to accelerate delivering practical AI-based analytics to businesses.[53] In 2022, Eagle Eye announced AI video search enabling customers to type in descriptions and then narrow results down by date, time, location, or camera.[54]

In May 2023 Drako raised $192M in combine financing for Eagle Eye Networks and Brivo. He continues to hold a majority share in both companies.[55]

Brivo

Drako acquired Brivo,[56] a provider of cloud-based physical access control systems, in June 2015, and is serving as Brivo's Chairman. Brivo will sell its cloud-based access control systems along with Eagle Eye’s cloud-based security camera system, although the companies will continue to operate as separate entities.[57] In March 2020, Brivo announced that it acquired Parakeet as part of its expansion into smart buildings.[58][59] In November 2022, Brivo closed long-term senior secured credit facility of $75 million with Runway Growth Capital.[60]

Drako Motors

Drako is co-founder[61] and CEO of Drako Motors, an electric sports car software platform provider, which on August 6, 2015 announced its first product, the Drako DriveOS, a single VCU (vehicle control unit) operating system which controls all four wheels independently.[62] In June 2019, Drako Motors pre-announced their Drako GTE electric quad-motor supercar, claiming speeds of up to 206 MPH and 1200 horsepower.[63] [64] [65] [66] In August 2019, Drako Motors formally launched the all-electric production Drako GTE.[67][68] In November 2022, Drako Motors launched the Drako Dragon all-electric luxury SUV, with 2,000 HP and 200+ mph maximum speed, quad motor powertrain, and two gullwing doors.[69][70]

LivingTree

In December 2016, Drako acquired LivingTree, a K-12 family engagement platform provider.[71] The acquisition was described as a "multimillion-dollar investment."[72] LivingTree provides a secure, community-wide platform for educators and parents to engage, independent of language preference, and is stated to address directives set by the Every Student Succeeds Act.[73]

Swift Sensors

Drako founded Swift Sensors, a cloud-based wireless sensor company, in May 2015. In Dec 2016, Drako formally launched Swift Sensors and introduced its cloud wireless sensor system.[74] Swift Sensors’ goal is to eliminate the pain and cost of Internet of Things sensing applications by offering a unified solution that requires no programming skills or technical expertise.[75] Drako will serve as the company's Executive Chairman.[76]

PermRecord and Permanent Legacy Foundation

In 2015, Drako created the PermRecord Foundation with the stated purpose "to ensure the preservation of materials placed in its trust."[77] This foundation contracted out to a commercial company, Permrecord, Inc., also founded by Drako, for its programming services.[77] By 2019 this mission had evolved "to preserve and provide perpetual access to the digital legacy of all people for the historical and educational benefit of future generations."[78] The foundation claims public charity status, but its public support percentage is zero, and it is completely controlled by its sole member (Dean Drako).[78] The foundation does not appear to have any perpetual means to accomplish its mission, subsisting on occasional grants from Drako.[78] The foundation's website hides its legal name and charity registration number under a "Brand Assets" page, but refers to itself under the DBA "Permanent Legacy Foundation".[79] Its home page promises "We invest your contributions into a nonprofit endowment" but there is no record of that endowment in its public accounting records.[78]

Awards and recognition

In 1984, Drako won finalist in the Westinghouse Science Talent Search for his solar energy research.[80]

In 2007, Drako was named Entrepreneur of the Year for Northern California for Networking and Communications by Ernst & Young.[81]

In 2011, during Drako's tenure as CEO, Barracuda Networks was ranked #2 of the 2011 Best Tech Co's to Work For in 2011 by Business Insider.[82]

In 2012, Drako was elected to the Board of Directors of the Electronic Design Automation Consortium board.[83]

Since 2012 Drako has served on the University of Michigan Advisory council. [84]

In 2014, Drako was selected as Keynote speaker for UC Berkeley Engineering Week, where he reviewed his 5 principles of entrepreneurship.[85] During the keynote, he stated his favorite business principle was keeping customers happy.[86]

In 2014, Goldman Sachs named Dean Drako as one of the 100 Most Intriguing Entrepreneurs of 2014.[87]

In 2016, Dean was commencement speaker at University of Michigan Engineering School.[88]

In 2022 and 2023, Drako was named Entrepreneur of the Year regional finalist by Ernst & Young.[89][90]

References

  1. ^ SJ Mercury News Biz Break: Barracuda Networks IPO primes pump for Twitter
  2. ^ WSJ Venture Capital Serial Entrepreneur and Ex-Barracuda CEO Launches Eagle Eye Networks to Take Video to the Cloud Retrieved January 21, 2014
  3. ^ Security Info Watch Michael Dell bankrolls Eagle Eye Networks
  4. ^ Xconomy Dean Drako Buys Maryland-Based Security Manager Brivo for $50M Retrieved June 11, 2015
  5. ^ Richard Newton Distinguished Innovator Lecture Series, Dean Drako Sept 2008 Archived 2014-03-31 at the Wayback Machine
  6. ^ US Patent Collection database search November 2021
  7. ^ CTAN January 2013 Archived 2013-08-25 at the Wayback Machine
  8. ^ Apple II Computer Info Page 67
  9. ^ EETimes: DAI Reorganizes for Next Stage Growth Jul 1997[permanent dead link‍]
  10. ^ EETimes: Cadence acquires verification tool vendor DAI Jan 1999
  11. ^ Deepchip: How Dean Drako's 1/2 billion dollar "side hobby" might change EDA August 2012
  12. ^ Bloomberg Businessweek: Boldfish Retrieved March 2013
  13. ^ Deepchip: How Dean Drako's 1/2 billion dollar "side hobby" might change EDA August 2012
  14. ^ IC Manage management page: Retrieved April 2013
  15. ^ DeepChip: Big Data analytics coming for chip design May 2014
  16. ^ DeepChip: Design and IP management metrics May 2014
  17. ^ NetworkWorld Open Source Developers Must Chart Clear Defense in the Patent Wars Nov 2007
  18. ^ EETimes: IP reuse requires both design reuse and verification reuse April 2013
  19. ^ Berkeley Innovators Fresh off of Barracuda's IPO, Dean Drako MS '88 launches Eagle Eye & talks entrepreneurship with Berkeley Innovators Archived 2015-04-08 at the Wayback Machine
  20. ^ UC Berkeley CET 2015 Dean Drako, CEO Eagle Eye Networks
  21. ^ UC Berkeley Newton Lectures Dean Drako, CEO Barracuda Networks
  22. ^ University of Michigan Center for Entrepreneurship Dean Drako Entrepreneurship Talk
  23. ^ ISPD Concept & Research to Revenue: An Entrepreneurial Story Archived 2015-07-06 at the Wayback Machine
  24. ^ Forbes 7 CEOs Reveal Lessons Learned as a Chief Executive
  25. ^ Forbes 7 CEOs Give Advice to First-Timers
  26. ^ CTAN January 2013 Archived 2013-08-25 at the Wayback Machine
  27. ^ Deepchip: How Dean Drako's 1/2 billion dollar "side hobby" might change EDA August 2012
  28. ^ InformationWeek Barracuda Rolls Out Spyware-Blocking Appliance
  29. ^ IT & Security Portal Barracuda Networks Launches Barracuda Load Balancer Archived 2010-03-23 at the Wayback Machine
  30. ^ Reseller News November 2007
  31. ^ Enterprise Networking Planet: Barracuda Launches CudaTel PBX August 2009
  32. ^ SCMagazine Barracuda Networks buys NetContinuum Archived 2015-09-08 at the Wayback Machine
  33. ^ eweek Barracuda Networks Buys into Data Backup Business
  34. ^ Eweek Barracuda Networks Breaks into SSL VPN Space
  35. ^ PCWorld Backup Merger Unites Barracuda, Yosemite
  36. ^ Silicon Valley Business Journal Barracuda Networks takes controlling interest in Phion
  37. ^ Atlanta Business Chronicle Barracuda buys Purewire Inc.
  38. ^ Barracuda Open Source Community Retrieved 2012 Archived 2014-07-07 at the Wayback Machine
  39. ^ Business Insider The 25 Best Tech Companies To Work For In 2011
  40. ^ CRN Former Barracuda Networks CEO Acquires Cloud Access Control Company For $50M
  41. ^ Bloomberg October 2012
  42. ^ CRN Barracuda CEO Resigns
  43. ^ "Company - ICMANAGE". www.icmanage.com. Retrieved 2016-08-28.
  44. ^ Drake, Sarah (September 17, 2012). "IC Manage's CEO moves to Austin, will run local office". www.bizjournals.com. Retrieved 2023-05-18.
  45. ^ Barracuda management page: Retrieved Sept 2013
  46. ^ Venture Beat Michael Dell is funding this company to move surveillance cameras onto the cloud
  47. ^ The Wall Street Journal: Barracuda Networks Co-Founder Launches Video Surveillance Startup Jan 2014
  48. ^ MarketWatch: Startup puts video surveillance in the cloud Jan 2014
  49. ^ Security Info Watch Real words or buzzwords?: True Cloud
  50. ^ "Here Are the Austin Companies on the Deloitte Fast 500 List". Austin Inno. November 7, 2019.
  51. ^ "4 Austin Companies Made Deloitte's Technology Fast 500". Built In Austin. November 7, 2019.
  52. ^ Security Sales & Integration Eagle Eye Networks Named Fastest Growing Video Surveillance Company by Deloitte Retrieved November 19, 2020
  53. ^ IFSEC Global “We’re making AI practical for video surveillance” – Dean Drako on Eagle Eye Networks acquisition of Uncanny Vision. Retrieved Dec 28, 2022
  54. ^ Security Sales Eagle Eye Networks Releases ‘Smart Video Search,’ Celebrates 10th Anniversary. Retrieved Dec 28, 2022
  55. ^ TechCrunch Eagle Eye Networks and Brivo raise $192M in a joint round to boost cloud security business. Retrieved May 17, 2022
  56. ^ "Brivo acquired by Dean Drako of Eagle Eye Networks". SourceSecurity.com.
  57. ^ ”Austin’s Dean Drako Buys Maryland-Based Security Manager Brivo for $50M,” Xconomy, June 11, 2015 [1]
  58. ^ "Brivo makes first acquisition in 20-year history” Security Systems News, March 3, 2020 [2]
  59. ^ "Brivo Adds Smart Building Capabilities With Parakeet Buy” Security Sales & Integration, March 3, 2020 [3]
  60. ^ Security Sales & Integration Brivo Receives $75M Credit Facility From Runway Growth Capital. Retrieved January 14, 2023
  61. ^ "Leadership - Drako Motors Inc". Archived from the original on 2016-09-11. Retrieved 2016-09-07.
  62. ^ ”Drako Motors Debuts Company and Introduces Drako DriveOS Platform for Electric Sports Cars”[4]
  63. ^ "The Latest EV Startup Promises a 206-MPH Four-Seater With 6490 Lb-Ft of Torque". Road & Track. 20 June 2019. Retrieved 2019-06-25.
  64. ^ "Another EV startup is introducing a sports car with over 1,000 horsepower". Autoblog. Retrieved 2019-06-25.
  65. ^ "Barracuda Networks founder plans to unveil electric 'supercar' this summer". www.bizjournals.com. Retrieved 2019-06-25.
  66. ^ "The Drako GTE electric supercar allegedly boasts 6,491 lb.-ft. of torque". Driving. 2019-06-23. Retrieved 2019-06-25.
  67. ^ Automobile Mag Automobile's 20 Best Car Stories of the Year
  68. ^ Inside Evs See All The Slick And Wild EVs Revealed In Pebble Beach.
  69. ^ Car and Driver $290,000 Drako Dragon EV SUV Packs 2000 Horsepower, Gullwing Doors. Retrieved Dec 28, 2022
  70. ^ MotorTrend 2,000-HP Drako Dragon Makes Case For Being Least-Hinged Electric SUV Ever. Retrieved Dec 28, 2022
  71. ^ EdWeek K-12 Dealmaking: Eagle Eye Networks CEO Acquires LivingTree
  72. ^ Austin Business Journal Austin entrepreneur buys developer of a social network for moms and dads
  73. ^ District Administration K12 family engagement company bought Archived 2017-01-05 at the Wayback Machine
  74. ^ Manufacturing Connection Swift Sensors Launches Cloud Wireless Sensor System
  75. ^ DesignNews No Programming Required: Start-Up Rolls Out Simple IoT Solution
  76. ^ Channel e2e Swift Sensors Launches Cloud-based IoT Monitoring System
  77. ^ a b "2015 IRS Form 990 for EIN 47-3017917, Permrecord Foundation" (PDF). 2016. Retrieved 2022-10-24.
  78. ^ a b c d "2019 IRS Form 990 for EIN 47-3017917, PermRecord Foundation" (PDF). 2020. Retrieved 2022-10-24.
  79. ^ "Knowledge Base / Permanent Legacy Foundation / About Us / Brand Assets". 2022-10-14. Retrieved 2022-10-24.
  80. ^ CTAN January 2013 Archived 2013-08-25 at the Wayback Machine
  81. ^ Ernst and Young Entrepreneur of the year Hall of Fame: July 2007 Archived October 7, 2006, at the Wayback Machine
  82. ^ Business Insider The 25 Best Tech Companies To Work For In 2011 Sept 2011
  83. ^ Kathryn Kranen elected chair of EDA Consortium , EETimes
  84. ^ Michigan EAC Members and Term of Service Retrieved April 2013 Archived 2013-04-05 at the Wayback Machine
  85. ^ Berkeley Engineering Channel Retrieved May 2014
  86. ^ BestTech Views Retrieved March 2019
  87. ^ Security Systems News: Goldman Sachs names Eagle Eye Networks founder one of '100 Most Intriguing Entrepreneurs of 2014' Oct 2014
  88. ^ Commencement Speaker[permanent dead link‍]. University of Michigan Engineering. Retrieved 2016-04-30.
  89. ^ EY Announces Entrepreneur Of The Year 2022 Region Finalists May 2022
  90. ^ Houston, Austin dominate EY's 2023 Entrepreneur of the Year Gulf South Region finalists May 2023
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