Dropcam

Last updated
Dropcam, Inc.
Industry Consumer electronics
FoundedJanuary 2009 (2009-01)
FoundersGreg Duffy
Aamir Virani
FateAcquired by Google / Nest, rebranded as Nest Cameras
Successor Nest Cam
Headquarters
San Francisco, California
,
United States
Area served
United States
Canada
ProductsDropcam Pro
Cloud Recording
Dropcam App
Owner Google Inc (2014-2015)
Alphabet Inc. (2015-present)
Parent Nest Labs (2014-present)
Website www.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]

Contents

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]

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References

  1. ↑ Gannes, Liz. "Google's Nest Buys Dropcam for $555 Million". Re/code . Retrieved 21 June 2014.
  2. ↑ Lowensohn, Josh (21 June 2014). "Nest buying video monitoring startup Dropcam for $555 million". The Verge . Vox Media . 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 . Vox Media . Retrieved 8 April 2023.
  4. ↑ Linda, Reyes. "Nest made hq pet camera for outdoor using". Archived from the original on 10 April 2019. Retrieved 14 November 2019.
  5. ↑ "Nest Cam". Nest.
  6. 1 2 "Google will drop Dropcam and Nest Secure in 2024". 7 April 2023.
  7. ↑ Shontell, Alyson. "Red-Hot Startup Dropcam Will Kill The Old Fashioned Surveillance Camera". Business Insider. Retrieved 26 May 2014.
  8. ↑ "About". Dropcam. Retrieved 25 May 2014.
  9. 1 2 Hernandez, Daniela. "Software Is Still King. Hardware Is Just Along for the Ride". Wired. Retrieved 30 May 2014.
  10. ↑ Gannes, Liz. "The Story of Dropcam, a Little Hardware Start-Up With Its Head in the Cloud". AllThingsD. Retrieved 2 June 2014.
  11. ↑ Martin, Scott. "Dropcam captures $30 million in funding". USAToday. Retrieved 29 May 2014.
  12. ↑ Popper, Ben (31 July 2013). "This company just raised $30m to put cameras all over your house". The Verge. Retrieved 1 June 2014.
  13. ↑ Sloan, Paul. "How the cloud is revolutionizing gadgets". CNET. Retrieved 2 June 2014.
  14. ↑ Tam, Donna. "Dropcam sees $12 million in new funding, better software". CNET. Retrieved 25 May 2014.
  15. ↑ Deamicis, Carmel. "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. Retrieved 2 June 2014.
  17. 1 2 Lara-Cinisomo, Vincent. "Silicon Valley VCs pump $30 million into WiFi video-camera firm Dropcam" . Retrieved 21 May 2014.
  18. ↑ Martin, Scott. "Dropcam captures $30 million in funding". USA Today. Retrieved 2 June 2014.
  19. ↑ "AWS Case Study: Dropcam". Amazon Web Services. Retrieved 21 May 2014.
  20. ↑ "Dropcam Records More Video Than Youtube: CEO". Bloomberg. Retrieved 21 May 2014.
  21. ↑ Eaton, Kit (11 December 2013). "Keep an Eye on Children, or Other Valuables". The New York Times. Retrieved 27 May 2014.
  22. ↑ Hardy, Quentin (8 January 2014). "Webcams See All (Tortoise, Watch Your Back)". The New York Times. Retrieved 27 May 2014.
  23. 1 2 Kelly, Heather (10 October 2013). "DIY home (and pet) surveillance from an app". CNN. Retrieved 30 May 2014.
  24. ↑ Wang, Jennifer (21 March 2012). "How Three Business Broke Into the Mommy Market". Entrepreneur. Retrieved 28 May 2014.
  25. ↑ Newman, Jared. "This Dropcam alternative promises not to eat your bandwidth". TechHive. Archived from the original on 13 April 2016. Retrieved 3 Apr 2016.
  26. ↑ "Nest Cam: Does It Replace Its Brother, DropCam Pro?". Archived from the original on 2016-09-29. Retrieved 2016-12-25.
  27. 1 2 Griffith, Eric. "Dropcam Pro". PC Mag. Retrieved 30 May 2014.
  28. ↑ Truong, Alice. "Dropcam Eyes The Connected Home With The Launch Of A Bluetooth-Enabled Camera". Fast Company. Retrieved 2 June 2014.
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