Startups

Home Security Startup Deep Sentinel Sees $7.4M Series A

Home security technology startup Deep Sentinel recently announced the close of a $7.4 million Series A venture funding round led by Shasta Ventures, with participation from Bezos Expeditions, Lux Capital and UP2398.

Funding leader Shasta Ventures has a history of investing in home security technology hardware like Nest (before it was acquired by Google).

The new startup looks to differentiate itself from the large, crowded legacy home security space by leveraging AI tools, namely deep learning in security software and hardware Deep Sentinel is currently developing.

The startup also reportedly hopes to stand out from the crowd by extending security to the perimeter of the property, not just the home.

The necessity of this type of solution has grown along with eCommerce — package theft has become increasingly common. The more consumers order more items from eCommerce sites, the more packages tempt sticky-fingered criminals looking to grab and dash, costing homeowners money without ever actually entering a home.

The system is reportedly being designed to analyze incoming video streams from Deep Sentinel’s cameras to identify threats. Founder David Selinger told TechCrunch in an interview that the startup’s goal is not just to be a security monitoring solution, but a response solution as well as a criminal deterrent.

——————————–

Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. In the December 2019 Mobile Card App Adoption Study, PYMNTS surveyed 2,000 U.S. consumers for a reveal of the four most compelling features apps must have to engage users and drive greater adoption.

Click to comment

TRENDING RIGHT NOW