Zorachka Inc., a Los Angeles, CA-based developer of hardware and software products, secured $12m in seed funding.
The company intends to use the funds to develop a home camera based on its patented technologies.
The funding came from individual and angel investors while Japanese SoC manufacturer Socionext (a subsidiary of Panasonic) became a partner by providing video chips for the camera.
Led by Ruslan Vinahradau, founder and CEO, Zorachka is the developer of video software solutions and hardware products on a mission to create the best Hi-Tech devices and applications for Smart Home. The company, which works with industry leaders in optics and electronics, also announced an open Public Beta Program for its new product – Homam 64GB, a home camera with embedded storage that guarantees its users total privacy and security. Four years to work on its product, $12m of financing and support from Socionext allowed the company to develop a novel home camera with high picture quality, and AppStore eligible mobile apps. In 2020, Zorachka manufactured 3,000 cameras.
Homam 64GB Public Beta Program will be available worldwide until March 2021, with a membership one-time fee of $199.
FinSMEs
10/12/2020