BuddyGuard GmbH

BuddyGuard GmbH specializes in innovative home security solutions, utilizing advanced artificial intelligence technology to provide enhanced safety and privacy for users through its flagship product, FLARE. Founded in 2014 and headquartered in Berlin, Germany, BuddyGuard GmbH develops comprehensive home security systems. The company has received funding through two notable deals, with its most recent funding round occurring in September 2017, where it raised EUR 3. 4 million led by Bachmann GmbH.

The founder, George Platon, has a history of entrepreneurship, contributing to the establishment and growth of BuddyGuard. BuddyGuard offers a sophisticated home security solution through its flagship product, FLARE. This device employs advanced artificial intelligence to autonomously protect homes by recognizing familiar faces and detecting suspicious sounds. Equipped with a high-definition camera, infrared night vision, a two-way audio system, and an 80dB siren, FLARE caters to homeowners, particularly in the United Kingdom and Europe.

Additionally, FLARE integrates with popular UK casino sites, providing security monitoring for user accounts, and is managed via a mobile app for remote control and notifications. BuddyGuard generates revenue through a subscription model and partnerships with casino operators. Customers purchase the FLARE device with an initial cost, followed by optional subscription services for enhanced features such as BuddySIM for connectivity and BuddyCloud for additional storage. This revenue structure serves both individual consumers and businesses in need of security solutions, tapping into the rising demand for smart home technology and gaming security.

Following its EUR 3. 4 million funding round in September 2017, BuddyGuard plans to enhance its product offerings by developing new features for the FLARE device and expanding into additional markets. Specific targets for geographic expansion include regions in Europe beyond the UK, with plans to launch new features and enhancements within the next 12 to 18 months. The recent funding will support these initiatives, driving product innovation and market penetration.