Canary

Canary is a Consumer IoT SaaS business and an IoT category leader with IoT users in over 180 countries. The company's mission is to enhance consumers' lives by making modern technologies useful, easy, affordable and safe - IoT for everyone. The company offers DIY smart home security and monitoring SaaS subscription bundles that include 24/7 watch live video, AI driven motion alerts, video history and many more advanced features. All bundles also include FREE device from the company's award-winning designed HD wi-fi enabled cameras, for indoor & outdoor, both battery powered & wired. The subscribers can choose depending on their individual needs a subscription with a basic camera or an all-in-one device with sensors such as air quality monitoring and a siren. The subscription plans are available as prepaid or auto-renewed monthly, 1 & 2 year plans. Founded in 2012, the company was acquired by its peer Smartfrog in 2018. The two businesses were then merged into Smartfrog & Canary Holdings, headquartered in NYC. The group's full-stack platform and value chain is end-to-end controlled and protected by over 100 patents. The platform enables data-driven businesses, offering SaaS solutions across product areas, supporting people from infancy to seniority, accompanying them through their whole life. Starting with Smart Home Security, the business is gradually scaling to new verticals such as Smart Locks & Access, Last Mile In-Home Delivery, Baby & Child Care, Pet Care, Elder- and Healthcare. The group grows both organically and through mergers and acquisitions.

Charles Fraenkl

CEO

1 past transactions

Gate Labs

Acquisition in 2020
Gate Labs Inc. is a technology company based in San Francisco, California, that specializes in designing and developing innovative security solutions for homes. Founded in 2014, the company focuses on creating smart locks that provide secure and unattended access to residential, commercial, and rental properties. Their product features a motion-activated camera, two-way audio, a keyed deadbolt, and an integrated Wi-Fi antenna, all powered by a rechargeable lithium-ion battery. This technology enables homeowners to grant trusted access to family, friends, and service providers while they are away, enhancing both security and convenience. Gate Labs was acquired by Smartfrog Group, expanding its reach in the security technology market.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.