SmartThings
Latest round
- Series A
Last raised
- Nov 2013
Total raised
- $16M
Investors
- 8
About SmartThings
Founded in 2012 and headquartered in Washington, US, SmartThings operates at the forefront of smart home technology.00 mn, expanding its impact in the home automation sector.Samsung's SmartThings platform serves as the cornerstone of its smart home ecosystem, integrating a diverse array of products designed to enhance home automation and connectivity. The core offerings include smart appliances, home entertainment systems, and smart devices such as TVs, refrigerators, and robotic vacuum cleaners, all operating under the SmartThings hub. Users can monitor and control their home environments through a unified interface on their smartphones, with AI capabilities optimizing energy usage, enhancing comfort, and streamlining tasks.SmartThings generates revenue through direct-to-consumer sales and partnerships with retailers and wholesalers. Its business model includes both one-time purchases for individual smart devices and subscription services for enhanced functionalities. Flagship products, including the Galaxy Z smartphones and Galaxy Watch series, integrate seamlessly with SmartThings, offering users a cohesive experience.In the coming years, SmartThings plans to launch new smart home products that capitalize on ongoing advancements in technology. The company is targeting expansion into new markets, particularly in Asia and South America, by 2025. The recent acquisition by Samsung, with a deal completed in August 2014, provides significant resources to support these initiatives, enabling SmartThings to enhance its product offerings and market presence.
Who invested in SmartThings
8 investors across 2 rounds
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Questions about SmartThings
Who invested in SmartThings?
SmartThings has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SmartThings raised?
SmartThings has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did SmartThings last raise money?
SmartThings's most recent round on record is a Series A, in Nov 2013.
What does SmartThings do?
Founded in 2012 and headquartered in Washington, US, SmartThings operates at the forefront of smart home technology.
Where is SmartThings headquartered?
SmartThings is headquartered in Washington, US.
Which VCs invest in companies like SmartThings?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at SmartThings's stage. Their profiles are linked below.
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