Company:Dropcam

From HandWiki
Short description: WiFi camera manufacturer acquired by Google in 2014
Dropcam, Inc.
IndustryConsumer electronics
FateAcquired by Google / Nest, rebranded as Nest Cameras
SuccessorNest Cam
FoundedJanuary 2009 (2009-01)
FoundersGreg Duffy
Aamir Virani
Headquarters
San Francisco , California
,
United States
Area served
United States
Canada
ProductsDropcam Pro
Cloud Recording
Dropcam App
OwnerGoogle Inc (2014-2015)
Alphabet Inc. (2015-present)
ParentNest Labs (2014-present)
Websitewww.dropcam.com

Dropcam, Inc. was an American technology company headquartered in San Francisco , California . The company is known for its Wi-Fi video streaming cameras, Dropcam and Dropcam Pro, that allow people to view live feeds through Dropcam's cloud-based service. On June 20, 2014, it was announced that Google's Nest Labs bought Dropcam for $555 million,[1][2] a decision Dropcam co-founder Greg Duffy later described as a "mistake".[3] In June 2015, Nest introduced the Nest Cam,[4] a successor to the Dropcam Pro.[5] Support for Dropcam services is planned to end on April 8, 2024.[6]

History

Software engineers Greg Duffy and Aamir Virani founded Dropcam in 2009.[7] Duffy served as Dropcam's CEO and Virani served as COO.[8] They originally developed software for cameras made by Swedish company AXIS. Wanting to develop a less expensive camera, the two companies parted ways and Dropcam started producing its own cameras that primarily provided video monitoring for homes and small businesses.[9] Duffy and Virani credit Duffy's dad with at least part of the inspiration for Dropcam.[10] He wanted to identify the neighbor who was letting their dog poop on his lawn but they were having trouble finding a security camera that made it easy to record, stream and monitor large amounts of data.[11][12]

Dropcam received early funding from technology investor Mitch Kapor,[13] and in June 2012, Dropcam secured $12 million in venture capital funding led by Menlo Ventures and previous investors, Accel Partners and Bay Partners.[14] Dropcam has also received funding from Felicis Ventures and Kleiner Perkins Caufield & Byers.[15][16] The following year, it received $30 million more in funding led by Institutional Venture Partners, bringing the total raised to $47.8 million.[17][18] Duffy said Dropcam's revenue grew 500 percent year over year.[17]

Dropcam hosts cloud data through Amazon Web Services[19] and Duffy said in 2014 that Dropcam presently records more video than YouTube.[9][20]

Dropcam has become popular in families watching their children,[21] through monitoring pets at home, at pet stores[22] and in adoption centers. Users have also reportedly caught home-burglaries in progress.[23] Duffy has said, “Moms are using it to catch their babies' first steps when they're not around, checking that older kids have arrived home safely; contacting children who are ignoring their cell phones; and sharing footage from birthday parties.”[24]

Due to the success of Dropcam, several companies launched similar products and services in 2014 and 2015, such as SpotCam and simplicam.[25]

In June 2015, the parent company Nest has introduced Nest Cam as a successor to Dropcam Pro.[26]

On April 7, 2023, Google announced that it would end support for both Dropcam and Nest Secure on April 8, 2024.[6]

Cloud Recording

Dropcam provides optional encrypted digital video recording through the cloud. The Cloud Recording service automatically saves video on a rolling basis, so users can review the past week or month of footage, depending on their plan. All users, with or without the service, can still view the live feed.[27] Dropcam allows users to download the video and create video clips while also allowing for the creation of a public stream. About 40% of Dropcam users sign up for the cloud service.[23]

As part of Dropcam's Cloud Recording service, markers are placed on a user's video timeline when motion or audio is detected, so a user may go back and view those specific events rather than watch the whole feed to search for notable activities.[27] Dropcam introduced a beta version of its Activity Recognition feature for Cloud Recording, which learns typical motion patterns in a user's video stream, allowing for customized motion alerts.[28]

References

  1. ↑ Gannes, Liz. "Google's Nest Buys Dropcam for $555 Million". http://recode.net/2014/06/20/googles-nest-buys-dropcam-for-555-million/. Retrieved 21 June 2014. 
  2. ↑ Lowensohn, Josh (21 June 2014). "Nest buying video monitoring startup Dropcam for $555 million". Vox Media. https://www.theverge.com/2014/6/20/5829126/nest-and-google-acquire-home-monitoring-company-dropcam. Retrieved 21 June 2014. 
  3. ↑ Bergen, Mark (22 March 2016). "Dropcam Founder: Selling to Nest and Google Was a 'Mistake'. A bitter feud brews at Alphabet.". Vox Media. https://www.vox.com/2016/3/29/11587344/dropcam-duffy-nest-google-mistake. Retrieved 8 April 2023. 
  4. ↑ Linda, Reyes. "Nest made hq pet camera for outdoor using.". https://pet-store.org/dog-cameras. Retrieved 14 November 2019. 
  5. ↑ "Nest Cam". https://nest.com/camera/meet-nest-cam/. 
  6. ↑ 6.0 6.1 "Google will drop Dropcam and Nest Secure in 2024". 7 April 2023. https://www.theverge.com/2023/4/7/23673165/google-nest-dropcam-nest-secure-eol. 
  7. ↑ Shontell, Alyson. "Red-Hot Startup Dropcam Will Kill The Old Fashioned Surveillance Camera". Business Insider. http://www.businessinsider.com/dropcam-2013-6. Retrieved 26 May 2014. 
  8. ↑ "About". Dropcam. https://www.dropcam.com/about/company. Retrieved 25 May 2014. 
  9. ↑ 9.0 9.1 Hernandez, Daniela. "Software Is Still King. Hardware Is Just Along for the Ride". Wired. https://www.wired.com/business/2013/07/software-is-still-king-hardware-is-just-coming-along-for-the-ride/. Retrieved 30 May 2014. 
  10. ↑ Gannes, Liz. "The Story of Dropcam, a Little Hardware Start-Up With Its Head in the Cloud". AllThingsD. http://allthingsd.com/20121227/the-story-of-dropcam-a-little-hardware-start-up-with-its-head-in-the-cloud/. Retrieved 2 June 2014. 
  11. ↑ Martin, Scott. "Dropcam captures $30 million in funding". USAToday. https://www.usatoday.com/story/tech/2013/07/31/dropcam-captures-30-million-in-funding/2600565/. Retrieved 29 May 2014. 
  12. ↑ Popper, Ben (31 July 2013). "This company just raised $30m to put cameras all over your house". The Verge. https://www.theverge.com/2013/7/31/4572462/dropcam-raises-30-million-surveillance-empire. Retrieved 1 June 2014. 
  13. ↑ Sloan, Paul. "How the cloud is revolutionizing gadgets". CNET. http://news.cnet.com/8301-1023_3-57342637-93/how-the-cloud-is-revolutionizing-gadgets/. Retrieved 2 June 2014. 
  14. ↑ Tam, Donna. "Dropcam sees $12 million in new funding, better software". CNET. http://news.cnet.com/8301-1023_3-57454833-93/dropcam-sees-$12-million-in-new-funding-better-software/. Retrieved 25 May 2014. 
  15. ↑ Deamicis, Carmel. "Despite Segway and Fisker, Kleiner Perkins keeps making hardware bets". http://pando.com/2013/07/31/despite-segway-and-fisker-kleiner-perkins-keeps-making-hardware-bets/. 
  16. ↑ Cutler, Kim-Mai (7 June 2012). "Another Super Angel Levels Up: Aydin Senkut's Felicis Ventures Closes $70M". Tech Crunch. https://techcrunch.com/2012/06/07/another-super-angel-levels-up-aydin-senkuts-felicis-ventures-closes-70m/. Retrieved 2 June 2014. 
  17. ↑ 17.0 17.1 Lara-Cinisomo, Vincent. "Silicon Valley VCs pump $30 million into WiFi video-camera firm Dropcam". http://www.bizjournals.com/sanjose/news/2013/07/31/silicon-valley-vcs-pump-30-million.html. Retrieved 21 May 2014. 
  18. ↑ Martin, Scott. "Dropcam captures $30 million in funding". USA Today. https://www.usatoday.com/story/tech/2013/07/31/dropcam-captures-30-million-in-funding/2600565/. Retrieved 2 June 2014. 
  19. ↑ "AWS Case Study: Dropcam". Amazon Web Services. https://aws.amazon.com/solutions/case-studies/dropcam/. Retrieved 21 May 2014. 
  20. ↑ "Dropcam Records More Video Than Youtube: CEO". Bloomberg. https://www.bloomberg.com/video/dropcam-records-more-video-than-youtube-ceo-RaH7gb_5SH29uFzEyjoYWg.html. Retrieved 21 May 2014. 
  21. ↑ Eaton, Kit (11 December 2013). "Keep an Eye on Children, or Other Valuables". The New York Times. https://www.nytimes.com/2013/12/12/technology/personaltech/dropcam-as-part-baby-monitor-part-high-tech-security-guard.html?_r=2&. Retrieved 27 May 2014. 
  22. ↑ Hardy, Quentin (8 January 2014). "Webcams See All (Tortoise, Watch Your Back)". The New York Times. https://www.nytimes.com/2014/01/08/technology/webcams-see-all-tortoise-watch-your-back.html?_r=1. Retrieved 27 May 2014. 
  23. ↑ 23.0 23.1 Kelly, Heather (10 October 2013). "DIY home (and pet) surveillance from an app". CNN. http://www.cnn.com/2013/10/10/tech/innovation/dropcam-security-cameras/. Retrieved 30 May 2014. 
  24. ↑ Wang, Jennifer (21 March 2012). "How Three Business Broke Into the Mommy Market". Entrepreneur. http://www.entrepreneur.com/article/223114. Retrieved 28 May 2014. 
  25. ↑ Newman, Jared. "This Dropcam alternative promises not to eat your bandwidth". TechHive. http://www.techhive.com/article/2875980/security-cameras/article.html. Retrieved 3 Apr 2016. 
  26. ↑ "Nest Cam: Does It Replace Its Brother, DropCam Pro?". http://devconhomesecurity.com/blog/nest-cam-replaces-dropcam-pro. 
  27. ↑ 27.0 27.1 Griffith, Eric. "Dropcam Pro". PC Mag. https://www.pcmag.com/article2/0,2817,2425539,00.asp. Retrieved 30 May 2014. 
  28. ↑ Truong, Alice. "Dropcam Eyes The Connected Home With The Launch Of A Bluetooth-Enabled Camera". Fast Company. http://www.fastcompany.com/3019684/tech-forecast/dropcam-eyes-the-connected-home-with-the-launch-of-a-bluetooth-enabled-camera. Retrieved 2 June 2014. 



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