Rated IP65, the Canary Flex can withstand splashes of water, and thanks to the included weatherproof cord, it can remain plugged in even when it's wet. If you'd like to go wireless, you can use the bundled rechargeable battery, which should last two to three months of average use, the company said. When it's running on batteries, the Flex runs on a low power WiFi state to stay connected to the servers without sucking up juice, and also uses a passive infrared (PIR) sensor to detect incidents before triggering the rest of the system. Otherwise, the Flex uses the camera (or "computer vision," as Canary called it) to monitor activity when plugged in. When triggered, the Flex will record HD video to the cloud.

Unlike its predecessor, the Canary Flex is compact, and fits comfortably in your hand so you can easily move it around should you need to. It also has a magnetic base that lets it swivel 360 degrees in its companion mount. However, you'll lack the siren that the original camera had, as well as what Canary called the home health sensors. The latter relay feedback on your house's temperature, humidity and air quality. Those who already own the older Canary camera can use the same app with the new device, and no hub is required.

To make it easier to place the Flex around your house, Canary is also launching a series of accessories, such as a secure mount, a stake mount to stick your camera in your flower pot, and a fun twist mount to wrap your Flex around almost anything.

For those who want complete peace of mind, Canary is also launching a 4G LTE mount with Verizon that will let your Flex switch to cellular data in the event that your WiFi network drops out. The 4G mount can be plugged in, but also has enough onboard battery to last as long as the Flex's power pack will. This would be great for those who want to prepare for power outages. It'll be available shortly after the Flex hits store shelves.

One of the coolest things about this launch is Canary's new pricing model that does away with the industry's conventional tiers system altogether. Instead of making you pay more to store more of your footage like competitors do, Canary is letting you access the last 24 hours of your timeline for free. That's twice the 12 hours it previously let nonpaying customers have.