Google acquires Dropcam (Internet monitoring for home)
Companies in Relationship
Initial Announcement Date:
Consideration: $517 million in cash (Source: Google 10-K)
Google acquires Dropcam, which develops and markets wi-fi-connected video cameras and services that stream live video to mobile apps. The service sends alerts based on activity sensed by Dropcam cameras and lets users communicate with people in their homes while they are away. The company's products and services can be used as a home-security system.
Dropcam had raised $47.8 million from Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Felicis Ventures, Menlo Ventures and Accel Partners, as well as other investors.
The deal is subject to regulatory approval.
Google/Nest continues to add products and services in its push to become the dominant home operating system for all types of connected devices.
Copyright © 2008-2015 George T. Geis. All Rights Reserved.