Canary

In October 2018, Canary was acquired by the European IoT company Smartfrog. This strategic combination aimed to leverage the complementary strengths of both companies: Canary had established a strong retail presence in the U.S. with over 10,000 points of sale, while Smartfrog focused on a direct-to-consumer, pure Software-as-a-Service (SaaS) model in Europe. Post-acquisition, both entities operate under the leadership of Smartfrog's CEO, Charles Fränkl, to grow their combined presence in the competitive IoT market.

Canary's core business revolves around user-friendly, DIY home security solutions. The product line includes devices like the Canary Pro, View, and Flex, which feature HD video cameras, motion detectors, night vision, and two-way audio. The Canary Pro model also integrates a 90-decibel siren and sensors that monitor air quality, temperature, and humidity. These devices connect to a mobile application, allowing users to monitor their homes remotely. The company's business model combines hardware sales with a subscription-based service. While a free basic plan is available, users can subscribe for premium features such as extended video storage and direct access to emergency services. This dual approach caters to a broad consumer base, with hardware sold through major retail channels and a significant portion of customers opting for recurring service subscriptions.