 You have all this cool stuff in your house, but how do you make sure that it doesn't burn down or that nobody steals it all from you? So this man has an answer to that question. Adam Sager, the founder and CEO of Canary. So tell me, what is Canary? So Canary is the easiest way to connect to a physical place and do security and have security at home, whether you're a homeowner, you're a renter. You just want to have information, live video, recorded information on what's going on in your physical environment. So what does security mean? Like, what are you telling me? So this is Canary. This is the thing. So what is this telling me? So security is really about two things. It's about information and communication. And right now, the security systems that are out there aren't really good at either of those things. And so we were devising the easiest way to both pull information. So Canary is jam-packed with sensors, video, audio, temperature, humidity, air quality, accelerometer and more, and it's designed to constantly stream that data to the cloud where we analyze it, look at pattern detection, and we geolocate your cell phone to know if you're home or not. We're really trying to find the easiest way to know if everything's okay in your environment. And if it's not, send all that information directly to you, to your mobile phone, notify you so you can take action immediately on it. So you'll tell me things like, you know, somebody opened my front door, unless it's me, which you can tell by my phone. Or there's carbon monoxide, or I don't even know what else. There's a fire, or somebody stole your thing from you. So you said some of the other systems out there are bad at the information and the communication. Is it just that it hasn't been out there before? You mentioned before this started, you sort of went into Home Depot and there just wasn't anything. So what's been out there? What's the problem? The security today is really about, they are the big installers, like ADTs of the world. And there's some new entrants to the field, like AT&T and Comcast. And then there are the DIY. And there are a bunch of those, and some new ones, which are great. But the two, both the DIY and the installers, have one thing in common in that they're both very complicated. There are sensors all around. They're expensive, generally. And for a renter like myself, they're just terrible. So I'm not going to put sensors all around my home to do security. And so most people don't have any security. So 90 million homes in the US have nothing. No connectivity, no security. Even if their house or apartment burned down and they are away from it, they won't know about it. Right. Which to us is just crazy. Which I guess is why you rent. Because then it burns down and you're like, well, I was just renting it anyway. Absolutely true. Yes, but you don't want to lose your stuff. Right. But so you have all these tools and then you have sort of a communications back end to the whole system too. Is that right? Yes. So basically, we've both created the easiest way to connect because Canary, you literally you buy it, unbox it, put it on your table. We have a 30 second set up process and then you're done. You have home security. The device itself constantly is sending data to the cloud and you can access it whenever you want. It's user option if they want to store that data or not. We're analyzing it always to know, well, if it's normal for on Tuesday at 3 p.m. for someone to come in your house and have activities, whether it's a babysitter or someone cleaning your house or a friend of yours that visits, or is it normal for you to have a dog or cat in the home? We're going to learn that over the first few weeks you own the device and get better at sending you informed alerts. So if we know you have a dog and the dog walks in front of the device, we're not going to alert you. We're going to alert you when something wrong happens. When somebody else's dog walks in front of you. When somebody else's dog, exactly. Like a really big dog. Yeah, you have this little dog. We're like, what's this big dog doing in your house? It's definitely a problem there. Yeah. Fair enough. So let me see. I want to see the actual, you made this so you can take it apart, right? So let's see the actual electronics. This is a prototype that we can take apart on purpose. So we put it together with magnets. And here's one of our prototypes. We have here basically the video, infrared, both night vision and motion detection, number of sensors both on the front and back boards. This here is for our testing purposes and it'll include a speaker, a siren and others. It's all in this, really in this compact device. So it's really, it's like it's also an alarm too. It's not just sending you the information, but it's like if you- Absolutely. It's also an alarm that will go off at certain times or you can activate it yourself. So if you see something's going on, you can activate the siren from your phone as a deterrent to get rid of someone that's in your environment. Cool. Yeah. So is it just new that all of this stuff is so small that you can put it all in one sort of little package like this? Yeah. Well, what we have today is we have ubiquitous wireless broadband in homes. Everyone has wireless connection. You have the actual video technology is so amazing today. Even a couple of years ago, it was very different, especially IP video. Third, you have state data storage. So to both stream and store data in the cloud a couple of years ago was so expensive to do that no one was really doing it. And so- Yeah, remember there were old systems where there was a video camera, but it was like $49.99 a month to access the video that was in the cloud. It was ridiculous. Yeah. And you have a lot of systems that are like that today. It doesn't need to be like that. That's true. Yeah, it doesn't need to be. And so with Canary, we're actually providing alerts and backups. You can use your friends and family's backups. You can have live video or both incidents that have happened all for free when you buy the device on the phone. And so it's a complete game changer. It's taking a model that's a few thousand dollars, like security or even DIY systems that will cost you thousands of dollars, a complicated setup. The average person won't set one of those up. We're getting rid of all of that. And we're saying you can simplify by having one device. If you're in a larger environment, larger home, you can have more than one. They all work together. But most apartments would literally need just one device and then you can have security. Where do you put it? Like, is there, if I have this tiny little New York apartment, should I put it somewhere where it's like facing the front door? I guess it's sort of a different device depending on where you put it. Yeah. We tested this in about 100 apartments in New York and other cities. And the best place to put it is if you can see the front door and the living room or the main hallway at the same time. What happens is in apartments, if something goes wrong, the likelihood that they'll pass by a central area of that apartment is over 95%. So if you'll see it, you don't need sensors on your bathroom window. How is that useful to know when someone's opened your bathroom window? You want to know what's going on in your environment. You want to be able to see it immediately on your phone and be able to take action from it. And if it's nothing, hey, maybe you're at work and you have a child, it's your child's first steps that you happen to capture. And that's great. I mean, it allows you to be there, to be present in an environment in a very unobtrusive way. Cool. And so there's apps to control all this stuff, right? Yeah. Can you show me how the apps work? Yeah. So it's all, of course, prototypes now, but all working prototypes. So you have the basic app, which you can connect any time. It's giving you immediately, if there's an alert, the immediate last alert. So now the alert is like somebody opened the door or somebody, there's a fire or whatever. When there's not supposed to be, there's a rapid rise in temperature. Totally. So this was two minutes ago. Actually we have this one set up in our office, so you can see my co-founders here in the video. You can get historical data or events coming from it so you can know what happened over time. It's all going to get so much more personalized as we continue to develop because we're launching now the product and the crowdfunding, but the actual product will come out towards the end of the year, beginning of next year. And so the app and everything will be just so much improved by that time and available on the iPhone and we're planning for the Android as well. Cool. And there's stuff coming for the iPad too, because that's kind of what I want to do, is sit and just be Mr. Security Guard and just monitor my world. Exactly. So our roadmap is iPhone, then iPad, Android, and of course it'll be web enabled so you can access the web at any time. In that, our plan is to get through all that before launch and from there just keep developing. Cool. And so where do you... You mentioned the app will be better and different by the time it comes out. What are you guys thinking about now? Because once you put all the sensors in this thing and stick it on the table, there's a lot of stuff it could do, right? So what else are you guys thinking about? What's really going into this in the heart and soul are the computer vision and the algorithms we're developing to learn about your behaviors. And those, because it's all done in the cloud, it'll keep getting smarter and smarter over time. So even if you have the device day one, it's getting smarter both by learning about you over the first few weeks to learn your patterns, but it's also getting smarter because we're learning about everyone, how people operate in general. So learning about the community and how people operate, we can make our algorithm smarter to know what's normal and what's not and to be able to send you better and better alerts because if you have ADT or another security system, their false alarm rate is 99%. Because they just go like, oh crap, the alarm went off. We have no idea why, but the alarm went off. No idea why. So less than 7% of people that have alarm systems actually have video in them. So yeah, if your ADT alarm goes off, they're going to call you, you're not home. What are you going to do? I mean, are you going to send your neighbor? Are you going to go home? Probably they'll send the police. The police will drive by. If they don't see anything suspicious outside, then they'll leave. That's what they do. So here's my question. Do people care about security? They should, but do they? Have you done any research or looked into all this stuff? We've done research. There is public available research that show, a number of the surveys show that up to 85% of people want some kind of security in their homes. Absolutely. That's encouraging. A new survey that was just released showed that 40% of people wanted security video in their home. It's such a new thing. So few people have video in terms of security. So it was great for us to see that. But for us, security is not just about keeping bad guys out. It's about giving you information from your environment. That information might be learning about the air quality and the temperature and how it acts during the day. It might be about making sure that someone you're looking after is comfortable. So my father is in California, can help look after his father who's 96 and lives in Florida. It can be about looking after a child and making sure that the child is safe in both their environment, the temperature, the humidity in their environment. And also, if you have a babysitter, are they doing appropriate things, like checking on at work? So safety and security for us is not just about one thing, about putting sensors around the house. It's about being more connected to that physical place in a very easy and almost fun way. And this is something you could convince your 96-year-old grandfather to actually plug in and let it work. Oh, totally. Absolutely. And my 96-year-old grandfather is on Facebook, and he could probably install this himself. Wow. Your 96-year-old grandfather is on Facebook? He was on Facebook before me. That is... Totally. I'm very impressed with this man. Yeah. He's awesome. So this is coming out for crowdfunding this week. This is coming out for crowdfunding on Indiegogo. And... How much is it gonna cost when it comes out? It's gonna cost between $149 and $199, depending on how quickly people jump on there. Fair enough. And is that about the price you're going for for the retail PC? Yeah. The retail price will be about $199. And as I said, the app's free. The basic service is free. Connectivity, alerts, everything, backups. And this kind of thing has never been done before. And so what excites us the most is the ability to give people access and security that haven't had it. If you think about it, people in the largest homes, they're the ones that have security. They're the ones that need the least. Large single-family homes are the ones that are least likely to be burgled, least likely for there to be a problem, least likely to have a fire, least likely for any problem, because they can afford the best construction, the best equipment, and they have security. Companies, which are especially rentals, are the most likely to have a problem. And they're the ones that are least likely to have security. And that's crazy for us. I mean, that's unfair. So we want to democratize security, make it available for anyone, and tell the big companies that their way of doing things is not needed, their way of doing things doesn't work, and that this is a new approach. Cool. And I don't have to convince my landlord to let me drill into the wall to stick something up there. But that's the whole point of the wall. You take it, you buy it, yeah, you put it on the table. You can move it from room to room if you want, or you can take it, obviously take it with you if you move from one house to one apartment to another. Yeah, that's awesome. Cool. Well, Adam, thank you so much. Hey, thanks so much for having me. Really appreciate it. I got to get one of these. Absolutely. My parents have two cats. Perfect. And just are constantly petrified that the cats are dead, because, you know, they might be. Absolutely. They're old. They probably are, yeah. Yeah, and so this is, you know, it's peace of mind. Yeah, I mean, they could, you know, talking to New Yorkers, probably more than anywhere else, the first thing people think about are the cats or their dogs. And the ability to like, wow, I can see what's happening all day long. Just check in on them. Like, you know, brings pleasure to their lives. So this, you can do that. And you get like a live webcam of your pet and just watch that all day. Live video anytime you want. Exactly. Awesome. All right. Well, thank you so much. Thank you. Thanks.