The company's cameras are used primarily for home monitoring. Its two most popular cameras sell for $199 and $149.
In addition to its hardware business, Dropcam also sells cloud storage for its videos. Last year the company said 39% of its customers pay for the video storage service.
Dropcam will probably look to Nest's success in the "Internet of Things" space for guidance. It plans to move beyond video surveillance and hopes to incorporate movement sensors into its products, according to The Wall Street Journal.