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ecobee
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Developer of smart thermostats for residential and commercial applications to improve residents' comfort and energy savings

Founded in 2007
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Toronto, ON Toronto, Canada
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Updated by Fatima Crerar at ecobee on 01/25/2016

Edited by Cleantech Group on 07/05/2023

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Date Partner Type
08/10/2021
OhmConnect OhmConnect
Ecobee is teaming up with OhmConnect to address blackouts by distributing FREE smart thermostats to residents of California. By signing up for OhmConnect, Californians can receive a free ecobee3 lite smart thermostat and save up to 23% annually on cooling or heating costs, compared to a hold of 72° F.
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Date Investors Type Amount
05/31/2018 Amazon Alexa Fund Amazon Alexa Fund , CDPQ - Caisse de depot et placement du Quebec CDPQ - Caisse de depot et placement du Quebec , BDC Capital BDC Capital , AGL Energy AGL Energy (4)
Post-money valuation of
This is a second tranche of financing, following on from an Amazon-led round in March 2018. The round total currently stands at around $98 million.
 Growth Equity $36,000,000
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ecobee3

Ordinary thermostats read the temperature in only one room, but are supposed to deliver comfort in all rooms. Our latest product, ecobee3 with remote sensors, delivers the right temperature in the rooms that matter most. Sold at Apple, Best Buy, Home Depot, Amazon, and Lowes. Works with Apple's HomeKit, Samsung's SmartThings, Wink and IFTTT.

 Wide Commercial Availability Products - Retail
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