This week Mitipi launched a Kickstarter campaign for its virtual roommate device "Kevin." In just 19 hours the company met its goal of $50,000 in funding. Mitipi's Founder and CEO Julian Stylianou explains why he thinks this device will reinvent smart home technology, and security. "We have a new angle, we are doing smart security differently than anybody else," said Stylianou. He explains this product leverages audio and light effects to deter burglars from entering homes. Stylianou says he hopes to bring this product to consumers in late 2018, and it will cost around $300-$400.

Share:
More In Technology
How Beyond Meat Goes From Plant to Plate
Cheddar's Michelle Castillo visits the Beyond Meat Innovation Center in El Segundo, California, to learn more about the process of turning plant proteins into something more like meat.
Paper Raises $270 Million Series D to Further Democratize Access to Academic Support
Online tutoring service Paper recently raised $270 million in a Series D funding round. Paper says its online platform serves nearly two million students and offers unlimited, 24/7 academic support via its multilingual tutors. The company partners directly with school districts instead of families, and says this allows it to provide personalized tutoring to all students regardless of their socioeconomic status. Philip Culter, co-founder and CEO of Paper, joined Cheddar News' Closing Bell to discuss.
Load More