Canary raises $10M in Series A funding for its home security product
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 there’s 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 it’s poised to ship to consumers in the very near future. Just a few months after the conclusion of its hugely 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, the Canary smart home security system is a combination of an indoor surveillance camera, alarm system, and weather monitor all wrapped inside a soda-can shaped machine. To install it, just connect the device to your home’s Wi-Fi network and sync it to your smartphone.
