About Canary
Canary is a company based in New York (United States) founded in 2012 was acquired by Smartfrog Group in October 2018. It operates as a Direct-to-Consumer (D2C), and Subscription Services. Canary has raised $68.89 million across 3 funding rounds from investors including Khosla Ventures, Western Technology Investment and Flextronics. Canary offers products and services including Canary View, Canary Pro, and Canary Flex. Canary operates in a competitive market with competitors including Wyze, Arlo, Enabot, Bounce Imaging and Neos Insurance, among others.
- Headquarter New York, United States
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Canary Connect, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$68.89 M (USD)
in 3 rounds
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Latest Funding Round
$28.89 M (USD), Series B
Oct 15, 2018
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Investors
Khosla Ventures
& 8 more
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Employee Count
Employee Count
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Acquired by
Smartfrog Group
(Oct 15, 2018)
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Products & Services of Canary
Canary offers a comprehensive portfolio of products and services, including Canary View, Canary Pro, and Canary Flex. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Indoor HD camera with night vision and motion alerts.
Indoor HD camera with siren and climate monitoring.
Indoor/outdoor HD camera with weatherproof and wire-free options.
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Funding Insights of Canary
Canary has successfully raised a total of $68.89M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $28.89 million completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $28.9M
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First Round
First Round
(04 Mar 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series B - Canary | Valuation | Smartfrog Group |
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| Jun, 2015 | Amount | Series B - Canary | Valuation | Celesta Capital | |
| Mar, 2014 | Amount | Series A - Canary | Valuation | Khosla Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Canary
Canary has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Khosla Ventures, Western Technology Investment and Flextronics. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments in tech sectors are managed by the firm.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital investments are focused on US sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Canary
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Canary
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Canary Comparisons
Competitors of Canary
Canary operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wyze, Arlo, Enabot, Bounce Imaging and Neos Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based smart security cameras are manufactured for video surveillance.
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| domain | founded_year | HQ Location |
Cloud-based smart security cameras are developed for video surveillance.
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| domain | founded_year | HQ Location |
AI-based companion robots for home security are manufactured.
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| domain | founded_year | HQ Location |
Cloud-based smart security cameras are manufactured for tactical imaging applications.
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| domain | founded_year | HQ Location |
Online platform for smart home device insurance
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Canary
Frequently Asked Questions about Canary
When was Canary founded?
Canary was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Canary located?
Canary is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Canary a funded company?
Canary is a funded company, having raised a total of $68.89M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Mar 04, 2014.
What does Canary do?
Home security solutions are offered by Canary through a range of HD cameras designed for indoor and outdoor use. Products such as Canary View, Pro, and Flex are equipped with features like night vision, motion alerts, and two-way talk. The company focuses on consumer electronics within the home security sector, providing 247 live monitoring and intelligent notifications via a dedicated app. Additional services, including professional monitoring and premium subscriptions, are made available to enhance user safety and convenience.
Who are the top competitors of Canary?
Canary's top competitors include Wyze, Arlo and Bounce Imaging.
What products or services does Canary offer?
Canary offers Canary View, Canary Pro, and Canary Flex.
Who are Canary's investors?
Canary has 9 investors. Key investors include Khosla Ventures, Western Technology Investment, Flextronics, Smartfrog Group, and Two Sigma Ventures.
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