Dropcam, Inc., a San Francisco, CA-based maker of a Wi-Fi video camera and intelligent streaming service, has raised $5.8m in Series A funding.
The round was led by Accel Partners, with participation from existing angel investors including Mitch Kapor, Aydin Senkut, Ben Narasin, David Cowan, Salil Deshpande and Bradley Horowitz. In conjunction with the funding, Sameer Gandhi of Accel Partners has joined Dropcam’s board of directors.
This company intends to use the funds to build on its current cloud-based video platform and expand its software engineering team in its San Francisco offices.
Founded by Greg Duffy and Aamir Virani in January 2009, Dropcam provides cameras that allow users to access their real-time, 24/7 video stream (including monitoring home or share surveillance video of a business) on their computer and mobile devices (smartphones or tablets). In addition, optional subscription recording plans provide massive cloud DVRs. It also handles motion detection, audio detection, and related email and mobile alerts.
Dropcam’s mobile apps are available in the iTunes Store and on the Android Marketplace.
The company is currently hiring (https://www.dropcam.com/jobs).
FinSMEs
21/09/2011