Avaak Lands $10 Million Series B Round, Provides Another Example of Video's ValueFriday, March 26, 2010, 9:41 AM ET|Posted by Will RichmondWhile my focus at VideoNuze is strongly on media/entertainment and consumer apps, I'm always on the lookout for other interesting broadband video applications. A perfect example is Avaak, which makes the Vue Personal Video Network, a system for remote video monitoring of your home or business. This week Avaak announced a new $10 million series B round, led by Qualcomm.
Vue is a dead simple system which includes a gateway and 2 tiny wireless video cameras. The gateway connects to your router and you mount the camera wherever you want, adjusting them with an ingenious peel-and-stick magnetic mounts. You then monitor the video feeds through a personal dashboard. You can record the video, share it with others, add more cameras and even see the video through a new iPhone app. The system costs $299, with additional cameras running $99 each. Vue is a very clever and simple system that addresses a widespread security issue.
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Topics: Avaak, InterWest Partners, Leapfrog Ventures, Qualcomm, Trinity Ventures