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Dropcam Raises $30 Million

By TechTaffy Desk

WiFi video monitoring camera-maker Dropcam has raised $30 million in Series C funding led by Institutional Venture Partners, with existing investors Accel Partners and Menlo Ventures, and new investor Kleiner Perkins Caufield & Byers participating in the round.

This funding brings the total amount raised to $47.8 million and poises the company for continued growth.

The investment will be used to grow the engineering team, expand the company’s product line, and foray into new sales channels, says Dropcam.

[Image courtesy: Dropcam]

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