Canary raises $10 million in funding

Posted Mar 5, 2014

Canary is a connected home security evice company that has raised $10 million in funding from Khosla Ventures, Bobby Yazdani, Two Sigma Ventures, and several of their other seed investors.

Canary previously raised $2 million from an Indiegogo crowdfunding campaign and a $1.2 million seed round. Canary has developed a device that contains a connected camera and a series of sensors.

Canary will use the funding to build commercialize their $199 product. Backers will receive the product later this summer.

[Source: GigaOM]