Oh, Baby! Monitor Maker Nanit Lands $21 Million Investment and Finds a New Market
The. Pandemic may have slowed venture capital deals to crawl, but that didn't stop baby monitor maker Nat from raising twenty one million dollars in a new round of funding. The company produces high tech video. Baby monitors a subscription APP and a line of wearable breathing band swaddled in sleeping bags, baby monitors of long given parents, a sense of security, allowing them to hear and later see they're sleeping children from another room. A quick glance can. Can put a worried momber. Daddy's and Nana's monitor gives parents in HD quality bird's eye view of their babies in infrared night-vision. The mobile APP lets you access the monitor from your phone or tablet features include sound and motion sensors as well as two way audio that lets you sing or talk to your little one Nannette promises the device which tracks sleep patterns is like having a personal sleep coach in the palm of your hand. O. And it's compatible with Amazon's Alexa to. But like all technology, these smart devices have a dark side. Hackers have breached. Baby monitors the past few years using cameras to spy on family members and speak to children. PR reported an alarming case alleging that a hacker reposition to camera remotely to a point at where one mother breastfed her baby several times a day in another reported by NBC News the Hacker, told the Baby I love you through the audio function. In February a report by PC magazines, cybersecurity firm bit defender found that the I baby monitor m-6 camera had vulnerabilities that could possibly allow hackers to download recordings access personal. Using the cameras ID and even control the camera. Initially MAG said. It's attempts to contact i. baby went unanswered, but once the report became public. The Monitor Company reportedly issued fix within twenty four hours. But critics say that monitor manufacturers could do a better job protecting users. There's often a gap between knowing the best practices in correctly implementing them on devices, said northeastern. University Associate Professor David Softness in Rico report the National Cyber Security Alliance, says risks can be minimized by following the devices security instructions and using a strong password also turn off the monitor when it's not an use. Beyond. hacks critic say there are other concerns reliability for one. Last November the Alad Smart Sock, a wearable monitor that wraps around the baby's foot to detect sleep patterns, oxygen, levels and heart rate stopped communicating with a mobile APP for about three days, according to the New York Times some experts wonder if all of this monitoring is just needlessly increasing parents anxiety. Privacy concerns should give parents pause to says Jamie Williams Staff Attorney at digital rights group, the Electronic Frontier Foundation. Every company has different privacy and data retention standards, and parents may not know what happens to their babies liked us once it's recorded by the Monitor. She told the. Washington Post despite these concerns. It's unlikely that new parents are giving up baby monitors anytime soon, but global interactive baby monitor market is projected to grow thirteen percent per year through twenty twenty four. After all worried parents need reassurance and now cove nineteen has ushered in a new market of users tech crunch reports that social distancing requirements have left grandparents, aunts and uncles craving baby time extended. Family now makes up twenty percent of Nana's users. With all of those remote babysitters watching, they're weary bundles of joy. Maybe smart monitors can give parents the peace of mind. They need to find the get some sleep.