Canary Connect, Inc.

Canary Connect, Inc. specializes in innovative home security solutions, offering a range of smart surveillance cameras designed for effective home monitoring and enhanced safety. Founded in 2012 and headquartered in New York, US, Canary Connect, Inc. develops smart home security systems.

The company completed a significant deal in October 2018, when Smartfrog Limited acquired a majority stake for USD 25 mn, allowing for expansion into the US market. The firm has undertaken five deals to date, reflecting an active investment approach. Charles Fraenkl serves as CEO, guiding the company's strategic direction in the security domain. Canary offers a comprehensive range of home security solutions through its innovative product lineup, which includes the Canary View, Canary Flex, and Canary Pro cameras.

Each device features 1080p HD video, night vision, and real-time motion alerts, ensuring effective home monitoring. The Canary Pro model includes additional functionalities such as a 90+ dB siren and climate monitoring, enhancing home safety. These products cater to a diverse clientele, including homeowners and renters, and are marketed primarily in North America, Europe, and select areas in Asia. Canary generates revenue through direct sales of its security cameras and subscription services.

The Canary View starts at USD 99, the Canary Flex at USD 199, and the Canary Pro at USD 169. Additionally, the company offers a premium subscription service that provides features like extended video history and intelligent notifications, supporting both direct-to-consumer sales and potential B2B partnerships. Looking ahead, Canary Connect plans to leverage Smartfrog Limited's recent acquisition to enhance its product offerings and expand into new markets. The acquisition will support targeted expansion efforts in the US, with a focus on launching upcoming products designed to further integrate home security and automation.

Smartfrog Limited's investment of USD 25 mn will facilitate these initiatives, paving the way for innovation within the home security landscape.