Total amount raised
$123.8 Million
Latest funding date
2020-07-06
Location
Canary offers a comprehensive home security solution through various camera models, including the Canary View, Canary Pro, and Canary Flex, each equipped with features like HD video, night vision, and AI-powered notifications. The platform also provides additional services such as 24/7 live monitoring, emergency actions, and HomeHealth technology.
Keep reading to explore the intricacies of Canary's fundraising journey and the investors backing this innovative platform.
What Is Canary?
Canary, established in 2014, operates in the home security industry, offering a range of camera products and services. The company is designed in New York City and integrates its products into a single app for user convenience.
Canary's product lineup includes the Canary View, Canary Pro, and Canary Flex, each equipped with features like HD video, night vision, and motion alerts. The company also provides AI-powered notifications and professional monitoring services.
How Much Funding Has Canary Raised?
- Seed Round
- Amount Raised: USD 1,200,000
- Date: August 2013
- Lead Investors: Brooklyn Bridge Ventures
- Series A
- Amount Raised: USD 10,000,000
- Date: March 2014
- Lead Investors: Khosla Ventures
- Series B
- Amount Raised: USD 30,000,000
- Date: June 2015
- Lead Investors: Walden Riverwood Ventures
- Series C
- Amount Raised: USD 31,000,000
- Date: November 2016
- Lead Investors: Celesta Capital, Khosla Ventures
- Series Unknown
- Amount Raised: USD 13,400,000
- Date: August 2017
- Lead Investors: Celesta Capital, Khosla Ventures
- Series Unknown
- Amount Raised: USD 13,200,000
- Date: October 2018
- Lead Investors: Celesta Capital, Khosla Ventures
- Corporate Round
- Amount Raised: USD 25,000,000
- Date: October 2018
- Lead Investors: Smartfrog Group
- Corporate Round
- Date: July 2020
- Lead Investors: Smartfrog Group
In total, Canary has raised USD 123,800,000 across all funding rounds.
Key Investors
- Smartfrog Group
- Details: Smartfrog Group is a technology company specializing in the Internet of Things (IoT) and smart home solutions. They have a strong presence in the European market and focus on creating user-friendly, connected devices.
- Investment Focus Areas: IoT, smart home technology, security systems
- Notable Investments: Not publicly disclosed
- Celesta Capital
- Details: Celesta Capital is a venture capital firm that invests in early to growth-stage technology companies. They are known for their strategic support and extensive network in the tech industry.
- Investment Focus Areas: Artificial intelligence, cybersecurity, enterprise software
- Notable Investments: Not publicly disclosed
- Khosla Ventures
- Details: Khosla Ventures is a prominent venture capital firm founded by Vinod Khosla, co-founder of Sun Microsystems. The firm is known for its investments in transformative technology and healthcare companies.
- Investment Focus Areas: Healthcare, renewable energy, artificial intelligence
- Notable Investments: DoorDash, Square, Impossible Foods
- Walden Riverwood Ventures
- Details: Walden Riverwood Ventures is a venture capital firm that focuses on early to growth-stage investments in technology companies. They have a global reach and a strong track record in scaling innovative businesses.
- Investment Focus Areas: Semiconductors, enterprise software, IoT
- Notable Investments: Not publicly disclosed
- Brooklyn Bridge Ventures
- Details: Brooklyn Bridge Ventures is a New York-based venture capital firm that invests in seed and early-stage companies. They are known for their community-driven approach and support for local startups.
- Investment Focus Areas: Consumer products, software, media
- Notable Investments: Not publicly disclosed
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