With the home security arena picking up pace, tech giants are eyeing home-security start ups to acquire; the latest being Google which is reportedly in talks with Dropcam, a startup manufacturing home-security cameras.
The Information reported that Google and Dropcam are negotiating the deal without any specific information on the other details of the deal.
Dropcam’s $150 home security cameras can store footage on the cloud which can later be streamed by the users on their mobile devices and computers whenever they want to. The company was launched in 2009 with a majority of the funds received from the investor Mitch Kapor.
The company upped the ante earlier this month with the announcement of improved video analysis technology and waterproof Tabs that detect motion in areas where it is impossible to place a camera, thus offering a whole coverage of users’ home. The Tabs come with a three-axis accelerometer and a magnetometer of the same configuration with powerful motion sensors.
Dropcam has also announced a people-detection software for subscribers who have its cloud video recording plans and it is expected to arrive this August.
Dropcam also raised a $47.8 million C fund series last July which began with a target of $30 million.
Spokespersons of both companies declined to comment, noted The Information.
Earlier acquisitions of Google in the home security market include Nest Labs that makes thermostats and smoke and gas detectors.
A couple of days ago, it was reported that Apple has plans to launch its own smart home platform which allows iDevices such as iPhones and iPads to connect to the lights and security systems at the user’s home which could help them control these systems anywhere.
