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Qualcomm leads $10M round for Vue personal video network gear

Awardee Story Qualcomm leads $10M round for Vue personal video network gear
Date: Mar 22, 2010
Author: Paul Boutin
Source: Venture Beat ( click here to go to the source)


Qualcomm leads $10M round for Vue personal video network gear
Paul Boutin

Avaak, maker of the Vue personal video network, a remote monitoring system built from small, wireless, battery-powered cameras that means you can stick them anywhere announced a $10 million second round of funding today led by Qualcomm, who join existing investors Trinity Ventures, InterWest Partners and Leapfrog Ventures.

Qualcomms goal with the investment: Get Vue systems into retail distribution channels. Avaak has taken video monitoring to a new level of simplicity, allowing consumers to view live video on their mobile devices, said Nagraj Kashyap, vice president of Qualcomm Ventures, in a press release.

Vue units have been shipping since September. A Gizmodo reviewer wrote of the $300-and-up system, It works and its easy.

A company spokeswoman said the target market for Vue systems is people who want to check in on their homes, pets, and kids from a mobile handset.

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