Earlier this week, Canary CEO Adam Sager sat down with CNBC to discuss the company’s home products, the importance of customer satisfaction and how it competes with other companies in the “Internet of Things” (IoT).
Last month, Sager revealed that Canary’s first-year sales were bigger than FitBit, GoPro and Dropcam’s first year combined. He credited Canary success on just building a good product that people like, rather than feeding into in the seemingly endless hype cycles over “smart homes” and “connected appliances.”
Canary had the most successful Indiegogo campaign of all time when they launched in the fall of 2013 and has since received multiple new product accolades including the prestigious iF and Red Dot Awards for excellence in design, an Edison Award, a CES Innovation Award, and more.
Last year, the company secured $30M in Series B funding to further its mission of empowering people everywhere to connect with and protect their homes, families, and communities. The round was led by Walden Riverwood Ventures (WRV), alongside significant investment from Cota Capital, Khosla Ventures, Flextronics, Two Sigma Ventures and Western Technology Investment.
Check out the interview below.
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