The developers of Wi-Fi video camera monitoring and intelligent streaming service Dropcam, has raised $5.8 million in Series A funding led by Accel Partners with participation from existing angel investors including Mitch Kapor, Aydin Senkut (Felicis Ventures), Ben Narasin Triple Point Capital), David Cowan, Salil Deshpande and Bradley Horowitz. Sameer Gandhi of Accel Partners joins the Dropcam board of directors as part of this investment round.
Founded by former Xobni engineers Greg Duffy and Amir Virani, Dropcam, which we reviewed here, is a simple camera that users can set up in their home or place of business to dkeep a watchful eye on what they care about. After setting up a Dropcam camera, users can access their real-time, 24/7 video stream via a SaaS application on their computer, smartphone (via iPhone and Android apps) or tablet.
Dropcam, which costs $199, will also send you instant email and push alerts when the camera’s sensor detects motion and audio. And with Dropcam’s DVR capabilities, users can record up to 30 days of moment-by-moment video. The company says that personal video feeds can be safely and privately shared with friends and family. In fact the most common use of the technology is for home monitoring and for baby monitoring, says the startup.
The new funding will be used for product development and towards expand the software engineering team in its San Francisco offices.