Dropcam, Inc.

Company Overview

Dropcam, Inc. provides Wi-Fi video monitoring camera and cloud services. It offers Dropcam Pro, a cloud based home video monitoring and do-it-yourself security solution, as well as incorporates Bluetooth low energy for connecting to sensors and other devices in the home. The company’s solutions are used for home security, baby monitoring, pets, and business applications. Dropcam, Inc. was formerly known as 88Volts, Inc. and changed its name to Dropcam, Inc. in April 2011. The company was founded in 2009 and is based in San Francisco, California.

e.Digital Corporation announced that it has filed a patent infringement lawsuit against ‘connected’ security camera maker Dropcam. The complaint was filed in the United States District Court for the Southern District of California. Handal & Associates, on behalf of the company, recently filed the lawsuit against Dropcam, asserting six patents that are part of the Nunchi patent portfolio. e.Digital believes the Dropcam products named in the complaint infringe key aspects of the company's Nunchi patents, covering the use of devices to communicate and monitor remote locations. Nunchi technology involves the retrieval of data from fixed or mobile sensors, using it to recognize, understand and affect interactions. Services based on the Nunchi portfolio include the use of servers, communication networks, sensors, adaptive algorithms and relational databases to understand and respond to the needs of people.

Dropcam, Inc. will be bought by Google Inc.'s (NasdaqGS:GOOGL) Nest Labs, Inc. for about $555 million in cash, a technology news website reported on June 20, 2014. The deal was signed on June 20, 2014 and is yet to close, according to the report by Recode.net. Nest confirmed the acquisition in a blog post on Friday, but did not specify the price tag. Neither Google nor Dropcam were immediately available for comment. Dropcam plans to move from San Francisco to Nest's offices in Palo Alto, California, Recode wrote.

88Volts, Inc. Presents at Credit Suisse Disruptive Technology Conference, May-15-2014 10:50 AM. Venue: Ritz Carlton, San Francisco, California, United States. Speakers: Greg Duffy, Chief Executive Officer.