Contrary to what you might think, higher-income households are actually less likely to be burglarized, according to an analysis by the Department of Justice. So folks of lesser means are not only at greater risk of being ripped off, they're also less able to afford a home-security system. The team at Canary doesn't think that's fair, and they're working on a device that could level the playing field.
The company launched a crowd-funding campaign on Indiegogo today to bring its inexpensive home-security system—also called Canary—to market. I spoke with Canary's CEO, Adam Sager, about the new product last week. Sager, a former sergeant with the Israeli Defense Forces, provided security consulting services to a number of large corporations before cofounding Canary.
"The idea of home security hit home for me about a year and a half ago," said Sager. "I was returning from a vacation and I got this feeling of vulnerability, because I didn't know what had gone on inside the house while I was gone. I was shocked to discover that there's really no such thing as a consumer security product. The market is dominated by the major installers with expensive, complicated solutions on the one hand, and by DIY systems which for the most part are pared-down products from the major installers on the other."
As Sager points out, one of the reasons these types of systems are so pricey is that they rely on placing expensive sensors all over the house, which are connected to a costly central control panel. Canary is an all-in-one system that Sager says can be set up in just 30 seconds and will cost just $199.
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