Dropcam raises $30 million to expand its surveillance solution


San Francisco-based video surveillance monitoring hardware and software startup Dropcam today announced the close of a new $30 million Series C funding round,

The funding round was led by Institutional Venture Partners, with participation by new investor Kleiner Perkins Caufield & Byers and existing backers Accel Partners and Menlo Ventures.

Dropcam has raised a total of $47.8 million for its connected home monitoring solution, which pairs signature Dropcam HD hardware with a web-based platform for remotely monitoring, recording and playback of live video feeds.

To date, Dropcam had only an online presence selling a product that lets users connect to WiFi and monitor their home through a smartphone app. The camera was a best seller on Amazon.com.

It’s ideal for a home or office security solution, with relatively inexpensive setup costs and extensibility, and features like off-site storage that get around limitations with locally-managed installations.

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Written by Regina Timothy

Editor of TechNews Report. Loves all things technology

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