Dropcam Ends $12M in Sequence B Financing Led by Menlo Ventures

Diposting oleh fawaid on Selasa, 19 Juni 2012

Launches Local Managing system App, Is constantly See Increase in Need for Linked House Device
Dropcam Inc., creators of the easy-to-use Dropcam HD Wi-Fi Movie Tracking Photographic camera, nowadays declared it brought up $12 thousand in Sequence B funding. This circular was led by Menlo Projects with contribution from current traders such as Accel Associates and Bay Associates. This funding delivers Dropcam's complete brought up to $17.8M and comes on the pumps of a increase in client demand.

Dropcam will use this funding to develop its application technological innovation group in San Francisco as well as expand development functions worldwide. With the latest selecting of Doug Chan, VP Operations, Dropcam has been able to efficiently increase its development overseas to satisfy improving interest in services at home.
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