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Dropcam Ends $12M in Sequence B Financing Led by Menlo Ventures


Launches Local Managing system App, Is constantly See Increase in Need for Linked House Device
Dropcam Inc., creators of the easy-to-use Dropcam HD Wi-Fi Movie Tracking Photographic camera, nowadays declared it brought up $12 thousand in Sequence B funding. This circular was led by Menlo Projects with contribution from current traders such as Accel Associates and Bay Associates. This funding delivers Dropcam's complete brought up to $17.8M and comes on the pumps of a increase in client demand.

Dropcam will use this funding to develop its application technological innovation group in San Francisco as well as expand development functions worldwide. With the latest selecting of Doug Chan, VP Operations, Dropcam has been able to efficiently increase its development overseas to satisfy improving interest in services at home.


"We appreciate Dropcam's place in the market and are assured in what this company can do for the connected home. Dropcam is in a unique place to lead the way in this space because of their remarkable investment to quality application padded on top of amazing components. This is a challenging balance for young companies and Dropcam is doing a extensive job at this," said Level Siegel, a Handling Home of Menlo Projects.

"We are targeted on growing – with Dropcam HD camcorders promoting like hot desserts it's essential that we keep progress our group, company and items to best offer our clients. This inlux of investment will be important in selecting the right ability to help us do that," said Greg Duffy, CEO and Co-Founder of Dropcam.

In Jan 2012 at CES, Dropcam revealed its award-winning Dropcam HD Wi-Fi Movie Tracking Photographic camera. The Dropcam HD provides the most convenient way to keep an eye on the house, kids, animals and everything else that issues straight from your computer, product or mobile phone. The associated with cloud-based Dropcam DVR resources record, observe and aware you of motions and appears to be grabbed by the Dropcam HD camera so you never forget an essential time when you're away.

Keeping Up with Demand

When declared in Jan, the pre-sale line for the new Dropcam HD quickly loaded and once the product became available, it marketed out within three weeks. Dropcam HD again marketed out in just a few times once it was returning on the market in early Apr. As of nowadays, Dropcam HD camcorders are returning in stock and purchases are delivery to clients within 7-10 times.

Software, Cellular Proceed to Improve

Dropcam's friendly, friendly buyer comes to life within its online resources and cell phone applications, which are consistently evaluated and enhanced depending on testimonials. Nowadays, Dropcam launched a brand new native Managing system app that allows more Managing system clients to access the app on their mobile phones or pills. Dropcam also modified its brilliant application, resting the foundation for more innovative movement recognition and email and force notifications from the Dropcam HD camera. Bogus notifications should happen less frequently, while notifications produced by people or things that are actually moving will be more constant.

The Dropcam native Managing system app, now live in the Search engines Play Store, provides Managing system mobile phone and product clients with two-way sound, free movement and sound notifications and a better buyer. The app was completely designed in-house with the objective of providing clients a similar encounter across all Managing system systems and one to better go with its iOS app.

Previous editions of Dropcam's Managing system app designed using Adobe Air were restricted to Managing system smartphones on the market with specific processor chips running the latest OS. By creating a local Managing system app, Dropcam now reveals up its mobile watching to more Managing system clients – owners of older editions of Managing system smartphones on the market or ones with the latest phone.

"It's part of the Dropcam DNA to pay attention to individual reviews and integrate it into our items. Our native Managing system app is the latest example - we want to give our clients the best encounter possible across all systems that we support, even if this means we have to take the time to build another app on a different foundation," said Duffy.

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