# Dropcam

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dropcam

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.dropcam.com
- Total disclosed funding: $48M
- Latest round: Series C (Jul 15, 2013)
- Investors on record: 8

## About

Dropcam, Inc. specializes in developing innovative security camera solutions that enhance home and business surveillance through smart technology and real-time monitoring capabilities.Founded in 2009 in Palo Alto, US, Dropcam, Inc. focuses on high-quality video surveillance products. In June 2014, the company was acquired by Nest Labs for USD 555 mn. The founding team, driven by their passion for technology, has built a reputation in the smart security market, leading to a total of 6 deals during its operational timeline.Dropcam offers a range of Nest Indoor & Outdoor Smart Security Cameras designed to enhance home security through intelligent monitoring capabilities. Their products include both battery-powered and wired cameras for various settings, featuring 1080p HDR video quality and customizable activity zones, catering to the rising demand for reliable surveillance solutions across global markets, including the US, Canada, the UK, and select European countries.The revenue model for Dropcam is anchored in direct-to-consumer sales and subscription services. Cameras are priced at USD 179.99 for the battery-powered version and USD 99.99 for the wired indoor model. Additionally, the company provides a Nest Aware subscription service that offers extended video storage and features for a monthly fee, thus creating a consistent recurring revenue stream.Looking ahead, Dropcam plans to enhance its product offerings with new security solutions aimed at both residential and commercial clients. The expansion into new global markets is also on the agenda, with a particular focus on the Asian market by 2025. The recent acquisition by Nest Labs for USD 555 mn will facilitate these initiatives by providing the necessary resources for product development and market entry.

## Funding rounds

- Series C, Jul 15, 2013, $30M — Accel, Institutional Venture Partners, Kleiner Perkins, Menlo Ventures
- Series B, Dec 13, 2011, $12M — Accel, Bay Partners, Menlo Ventures, Felicis Ventures, Kapor Capital
- Series A, Sep 21, 2011, $5.8M — Accel
- Seed, Mar 1, 2009 — Bessemer Venture Partners, Felicis Ventures

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- Bay Partners (https://capitalatlas.ai/funds/bay-partners) — Series B
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series B
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series C
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series C