SimpliSafe is a home security company that designs, engineers, and sells wireless security alarm systems, cameras, and services.
SimpliSafe Home Security is a disruptive tech company that designs, engineers, and sells wireless security alarm systems, cameras, and services for houses, apartments, and other commercial properties.The systems are an inexpensive, easy-to-install alternative to traditional home security options. Simplisafe has 24/7 professional monitoring with no long-term contract and daily customer service support. It sells its products online. The company’s wireless encrypted alarm system features a cellular connection, SMS text and email alerts, smash-proof protection, power outage protection, smoke and fire detection, and wireless sensors. In 2018, SimpliSafe entirely redesigned its system to be half the size with double the range and five times faster. Products include entry, motion, glass break, and water sensors along with a base station, camera, panic button, and smoke detector. The company will also be introducing a video doorbell, a door lock with digital capabilities, and a plan to integrate its service with Amazon’s Echo voice control device.SimpliSafe was the winner of CNET’s Editors’ Choice Award and has an A+ rating with the Better Business Bureau. SimpliSafe Home Security was incorporated in 2006 by Chad and Eleanor Laurans and is based in Boston, Massachusetts.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
May 6, 2022 | Debt Financing | $200M | 4 | — | — | Detail |
Apr 12, 2021 | Private Equity(PE) | $130M | — | — | — | Detail |
Jul 3, 2017 | Secondary Market | — | 2 | — | — | Detail |
May 21, 2014 | Series Unknown | $57M | 2 | Sequoia Capital | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Capital One | — | Debt Financing |
Eastern Bank | — | Debt Financing |
HPS Investment Partners | — | Debt Financing |
Owl Rock Capital | — | Debt Financing |
Alumni Ventures | — | Secondary Market |
Sequoia Capital | — | Secondary Market |