Portfolio News
Avaak Raises $10 Million For Video Monitoring Systems
TechCrunch
Leena Rao
22 March 2010
Avaak, a company that develops video monitoring and networking products, has raised $10 million in Series B funding led by Qualcommwith existing investors Trinity Ventures, InterWest Partners and Leapfrog Ventures participating. This brings total Avaak's funding to $17 million. Avaak recently launched its Vue system, which allows users to use a webcam to monitor their homes or businesses via the Internet and access a live video feed through a mobile device. The system features a network of small, battery-powered cameras that can be placed anywhere. The Vue's personal video system is $299 and is sold on Avaak's site and on Amazon. The new funding will be used to further distribute the Vue system into retail outlets and for product development.
