Google reportedly mulled acquisition of Dropcam
The Web giant has considered the connected camera startup as the connected-home market heats up, according to The Information.
Google has apparently not exhausted its ambitions in the home security sector.
Fresh on the heels of closing its deal earlier this year for Nest Labs, the Web giant has considered acquiring connected camera startup Dropcam, according to The Information. The status of any talks between the two or a price target for Dropcam was not immediately clear.
CNET has contacted Google and Dropcam for comment and will update this report when we learn more.
Dropcam, which sells a $150 camera that streams footage to phones and computers, launched in 2009 with funding from angel investor Mitch Kapor. Last July, the San Francisco-based startup closed a $30 million Series C funding round, bringing the total amount raised to $47.8 million.
The report comes as interest in the home tech sector intensifies. In February, Google closed its $3.2 billion acquisition of Nest Labs, maker of the Learning Thermostat and the Protect smoke and carbon monoxide detector. Earlier Sunday, the Financial Times reported that Apple plans to launch a new smart home platform next month that will allow iPhones and iPads to control a home's lights, security system, and other connected appliances.
Earlier this month, Dropcam revealed that it would make people-detection software available to Dropcam's cloud video recording subscribers in early August. The startup also unveiled Dropcam Tabs, an optional motion sensor accessory designed to track movement and motion thanks to a three-axis accelerometer and a three-axis magnetometer.