Canary operates in the smart home security industry, offering connected security devices and monitoring services for residential users. Its product ecosystem includes Canary View, Canary Pro, and Canary Flex, supported through a unified mobile app.
The platform provides features such as HD video recording, night vision, motion alerts, and professional monitoring, allowing users to manage security for their homes through an intuitive, app-based interface.
What Is Canary and What Does It Do?
Canary, founded in 2014 and headquartered in New York City, United States, is a smart home security technology company that develops connected security cameras and monitoring services for residential users. The company’s product lineup includes indoor and outdoor smart cameras, integrated motion detection, HD video capabilities, and mobile-first monitoring tools.
The Canary platform enables users to receive real-time alerts, monitor activity remotely, and access stored video history, while offering optional paid security plans and professional monitoring services. The company emphasizes simplicity and ease of deployment, allowing customers to manage multiple devices through a single application.
With an estimated 51-200 employees, Canary continues to expand its smart home device ecosystem and strengthen its position in the connected security market.
How Much Funding Has Canary Raised?
1. Seed Round
- Amount Raised: $1.2M
- Date: March 2013
- Lead Investors: Kima Ventures, Two Sigma Ventures
- Motivation: To develop the first consumer smart security device and support early product engineering.
2. Series A
- Amount Raised: $10M
- Date: March 2014
- Lead Investors: Khosla Ventures
- Motivation: To scale product development, expand manufacturing, and prepare for market launch.
3. Series B
- Amount Raised: $30M
- Date: July 2015
- Lead Investors: Walden Venture Capital, Flextronics
- Motivation: To expand hardware production, grow the engineering team, and strengthen distribution.
4. Series C
- Amount Raised: $25M
- Date: June 2016
- Lead Investors: Icon Ventures
- Motivation: To accelerate global expansion, enhance product features, and invest in R&D.
Total Funding Raised: $66.2 Million
Latest Funding Date: June, 2016
Key Investors
1. Kima Ventures
- Details: Global venture firm investing in early-stage technology companies.
- Investment Focus Areas: Technology, software, internet platforms.
- Notable Investments: TransferWise, Zenly, Front.
2. Two Sigma Ventures
- Details: Venture arm of Two Sigma focused on data-driven and AI-powered startups.
- Investment Focus Areas: Data science, fintech, machine learning.
- Notable Investments: Socure, Rigetti Computing, Freenome.
3. Khosla Ventures
- Details: Venture capital firm founded by Vinod Khosla investing across sectors and stages.
- Investment Focus Areas: Technology, climate, healthcare, consumer platforms.
- Notable Investments: DoorDash, Square, Impossible Foods.
4. Walden Venture Capital
- Details: Venture firm backing cloud, digital media, and consumer internet startups.
- Investment Focus Areas: Digital media, cloud services, SaaS.
- Notable Investments: Pandora, SoundHound, Nanosys.
5. Icon Ventures
- Details: Growth-stage venture firm investing in enterprise and consumer technology.
- Investment Focus Areas: Enterprise software, fintech, consumer internet.
- Notable Investments: FireEye, Proofpoint, Teladoc.
Where Is Canary’s Headquarters?
Canary is headquartered in New York City, United States, enabling strong access to consumer electronics talent, venture investment networks, and North American smart home markets.
What’s Next for Canary?
Canary is expected to continue expanding its smart security ecosystem by enhancing AI-driven video intelligence, mobile-first monitoring capabilities, and subscription-based services. Future growth opportunities include global market expansion, strategic hardware improvements, and integration with broader smart-home platforms and IoT ecosystems.
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