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Read more of Stacy Greenberg #39;s Blog Post: http://myp1.co/SafetySecret2 When I think about what makes security important to me, really it #39;s all about comfort....
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The home security industry is ripe for disruption right now. The rise of smartphones over the past decade have driven down the cost of compact sensor and camera technologies, and now theres a slew of different products in the works that can keep your home just as safe, but for a fraction of the cost.
Canary is one of these up-and-coming products, and its poised to ship to consumers in the very near future. Just a few months after the conclusion of itshugely successful IndieGoGo campaign, the company has announced that it has raised over $10 million in series A funding to help bring its product to market.
Developed in New York, theCanary smart home security system is a combination of an indoor surveillancecamera, alarm system, andweather monitorall wrapped inside a soda-can shaped machine. To install it, just connect the device to your homes Wi-Fi network and sync it to yoursmartphone. From there, Canary can monitor your home and alert you if something unusual is spotted, such as movements in a room thats supposed to be empty, or a sudden loud noise. The temperature sensors can also detect changes in humidity and air quality. These alerts are sent directly to your phone like a regularnotification, and allow users see the live view of their home via an HD camera before deciding the next course of action.
This new round of funding was led byKhosla Ventures, Bobby Yazdani (an early investor in Google and Dropbox), and a number of the firms initial seed investors, including Two Sigma Ventures.The money will help Canary build out its $199 product and drive adoption.
The company plans to ship to its original IndieGoGo backers later this spring, and everyone else in the summer.
DT
Drew's fascination with technology began at an early age - shortly after he licked a 9-volt battery for the first time. It was this first taste of technology that sparked his interest in how electronics work, and he's been obsessed ever since. Aside from keeping up with the latest developments in tech, he enjoys shock humor, and working puns into his writing at every opportunity. You can find his work on Digital Trends and The Manual.
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Canary raises $10M in Series A funding for its home security product
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Canary, a connected home security device designed for those who live in apartments or who dont want to pay monthly fees to the big giants in the industry, has raised $10 million in funding from Khosla Ventures, Bobby Yazdani (an early investor in Google and Dropbox) and a number of the firms initial seed investors, including Two Sigma Ventures. The funding comes in the wake of a successful Indiegogo campaign (it raised $2 million) and a $1.2 million seed round.
Canary makes a device containing a connected camera and a series of sensors. The idea is to offer a level of home security for people who might live in apartments (theres nothing to install) or who might want a security system designed to alert them when things happen in the home, but not call police. When I covered the company last summer, I wrote:
[T]his is a nifty product for those wanting to know if someone entered their house while they were on vacation, but less aimed at those who view a security system as something to scare away an intruder or protect people inside a home. [Canary CEO Adam] Sager says that ability is coming, with an ability to hook in the system to a call center, but thats not the priority today.
The funding will help Canary build out the $199 product and drive adoption. The product will ship to backers later this spring, and everyone else in the summer.
The funding also puts Canary in the company of SmartThings and Pebble, which also completed successful crowdfunding campaigns and then went on to raise significant venture capital. However, there is plenty of competition in this space from the hub makers that pair with home monitoring sensors, like SmartThings and Lowes Iris system, to other dedicated connected devices aimed at the low-end security conscious home or apartment dweller, including Piper, Scoutand Alertly. At the high end there are Alarm.com, ADT and more.
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Canary raises $10M for new home security product
Canary, the folks responsible for a cute little $200 in-home security system, have today announced that theyve secured a $10m Series A led by Khosla Ventures, with participation from Bobby Yazdani as well as a number of initial seed investors, and Two Sigma Ventures.
Previously, Canary had raised a $1.2 million seed round from Two Sigma and Brooklyn Bridge Ventures, as well as $2 million from a crowdfunding campaign on Indiegogo.
As part of the funding, Ben Ling will be joining the Canary board.
Canary looks to bridge the gap between absolutely no home security and a complicated system that costs thousands. By putting a number of sensors (air quality, smoke detector, motion sensors, etc) inside a little capsule with an HD camera, users can monitor their home from a remote location through a simple app.
Canary is smart enough to learn the difference between a pet, or a nanny that shows up at the same time every day, and an intruder, and will alert the home owner as soon as something fishy is detected. You can loop up to four Canary systems together to monitor every nook and cranny of the house, but in most cases just one unit is needed.
The theory is that, anyone who breaks into your home will probably walk through the main room, whether they break in in the basement or the bedroom window. Burglars and bad guys rarely break into one room, remain in that room, and leave. That said, Canary should pick up an intruder even if it isnt monitoring every door and window in the home.
According to the blog post, this latest round of funding will allow Canary to move fast the first product and grow the company into something more full featured. The plan is to hire more people and accelerate production.
Heres an excerpt from the official announcement:
Its our belief that by re-imagining the way people connect to their homes and protect the people and things that matter most, we can make communities safer and smarter. The financing we received will help us reach our goal of democratizing home security, and weve already started putting it to use. Our team has more than doubled in the past six months, and we have plenty of positions open for smart people who share our passion.
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Canary Smart Home Security System Nabs $10 Million Series A From Khosla Ventures
Irving, Texas (PRWEB) March 05, 2014
Warmer weather is right around the corner, and if youre like millions of Americans, you may be celebrating its arrival with a vacation during spring break. But before you pack up and head out, make sure you arent neglecting security of the home that youre leaving behind.
While the preliminary 2013 Uniform Crime Report published by the FBI reports that robbery, burglary and property crime have declined in the last year, its still important to take appropriate safety precautions. Here are a few tips from the Electronic Security Association (ESA) that can help protect your home while you are away.
Keep your traveling under wraps. While you may want to share your exciting travel plans, its best to keep that news offline. Posting information about the date and destination of your trip on social networking sites like Facebook or Twitter makes you an easy target for potential burglars.
Its also important to be conscious of your social media activity while youre gone. Avoid sharing your whereabouts via various location-based social networking websites such as Foursquare. As tempting as it is to share a picture with friends, wait to post photos from your trip until you return home.
Discourage burglars from choosing your home Burglars prefer to break into homes that are unoccupied, so one way to protect your belongings is to make it appear as though you are home. Set timers on lights, radios and televisions to turn them on during appropriate times. Ask a neighbor you trust to put your trash cans out on trash day and pick up your mail and newspaper. You can also temporarily stop delivery of your mail and newspaper while you are away.
Additionally, burglars will take notice of an overgrown lawn and use overgrown hedges as a hiding spot. Make proper arrangements to have your lawn mowed and foliage trimmed if you will be gone for an extended amount of time.
Deny easy access to your belongings Research shows that burglars usually spend no more than 60 seconds breaking into a home. Using locks on windows and doors is one of the most basic ways to increase the break-in time, which may cause burglars to look elsewhere. It is estimated that nearly one-third of all burglars enter through the front door, so install deadbolt locks for added security. Also consider using motion-sensor lights in the dark areas outside of your home, such as your garage or backyard.
Manage the risk by enlisting help Inform trusted neighbors, friends and family of your vacation plans and ask them to keep an eye on your property. Tell them how long you will be gone, as well as names and descriptions of anyone who may need access to your house. Always leave a house key and a phone number where you can be reached with a trusted individual. Avoid accidentally triggering your alarm by making sure anyone who will have access to your home knows how to properly operate your alarm system. If you will be taking an extended vacation, consider a house sitter and let your local police know when you will be away.
Protect your home by being able to detect a burglar. A recent study that interviewed more than 400 convicted burglars revealed that around 60 percent of subjects admitted that the presence of an alarm would cause them to discontinue the crime. Research also show that homes without security systems are three times more likely to be broken into than homes equipped with a system. By investing in a security system, youll add to your protection and peace of mind, whether youre at home or away. You can find a reputable security company that is a member of ESA in your area by visiting Alarm.org, a home security resource for consumers.
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