Zenverge
Latest round
- Series D
Last raised
- Dec 2013
Total raised
- $62M
Investors
- 9
About Zenverge
Zenverge, Inc.Founded in 2005 in Cupertino, US, Zenverge, Inc. operates within the home automation sector, focusing on smart technology integration. The company was acquired by Freescale Semiconductor in December 2014, although financial details were not disclosed. The founders, Amir Mobini and Tony Masterson, have played crucial roles in the company's direction, with Amir Mobini serving as the current CEO.Zenverge specializes in a comprehensive suite of home automation solutions designed to enhance the functionality and convenience of modern living spaces. Their core offerings include robotic cleaning devices, intelligent temperature control systems, immersive audio systems, smart lighting solutions, and advanced home security technologies. These products address various consumer needs, such as maintaining cleanliness, optimizing energy usage, providing entertainment, improving home safety, and creating customizable lighting environments. The end users primarily consist of homeowners and renters in urban and suburban areas across North America and Europe, who seek to integrate smart technology into their daily lives for improved efficiency and comfort.Zenverge generates revenue through a combination of direct-to-consumer sales and partnerships with retailers and wholesalers. The company's transaction structure includes one-time purchases for its flagship products, such as robotic vacuums and smart thermostats, as well as potential subscription models for ongoing support and updates for software-driven devices. For instance, customers may acquire a smart thermostat outright, while also opting into a subscription plan for advanced features and remote monitoring capabilities. The pricing plans for these products are structured to accommodate a wide range of budgets, making them accessible to various customer segments.Zenverge is focused on expanding its product line to include new smart home devices, with specific plans for launching additional robotic cleaning solutions and enhanced smart security systems by mid-2015. The company aims to enter new markets in Asia and Australia, targeting these regions by 2016. The overall strategy is to leverage acquired funds to accelerate innovation and broaden its customer base internationally.
Who invested in Zenverge
9 investors across 3 rounds
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Questions about Zenverge
Who invested in Zenverge?
Zenverge has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Zenverge raised?
Zenverge has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Zenverge last raise money?
Zenverge's most recent round on record is a Series D, in Dec 2013.
What does Zenverge do?
Zenverge is a semiconductors company.
Where is Zenverge headquartered?
Zenverge is headquartered in Cupertino, US.
Which VCs invest in companies like Zenverge?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back semiconductors companies at Zenverge's stage. Their profiles are linked below.
VCs backing semiconductors startups at Series D
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