Following impressive growth in the UK home security camera market, Y-cam Solutions Ltd is planning to increase its share of the smart home market with its HomeMonitor products following a seven-figure cash injection from private investors.

Co-Founder and CEO Devin Chawda claims an advantage over his competitors with his range of Y-cam HomeMonitor cameras that offer free, secure cloud storage of video footage for the last seven days, whereas others charge additional fees for cloud storage.

The company is regarded as one of the leading cloud video providers in Europe, storing over 1-million videos each day.

“ People don’t want to be locked into a subscription model. They can buy our camera, set it up in a matter of minutes and that’s it. No lock in, no extra charges.” said Chawda. “ We’re focused on delivering the best end-to-end user experience. This initial funding round will allow us to grow our footprint in the UK and further invest in our technology platform. Over the next 12 months, we will be seeking significant VC funding to further expand our service offering and distribution beyond the UK to address a fast growing global market for our products.”