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SmartThings
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Short description

Developer of a web-enabled home monitoring and control platform for mobile devices, enabling energy efficiency in home lighting, HVAC, and more

Founded in 2012
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 7-8
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
TRL Range

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Headquarters Minneapolis, MN Minneapolis, United States
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Updated by Cleantech Group on 07/26/2021

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Date Company
Partnerships
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Date Partner Type
08/13/2014
Direct Energy Direct Energy
As part of the alliance, Direct Energy will provide customers Smart Home Starter Kits from SmartThings that include a hub and several sensors and controllable devices focused on energy management.
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Confirmed by Direct Energy
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IPO INFORMATION

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Description

Date Investors Type Amount
11/12/2013 Greylock Partners Greylock Partners , Highland Capital Partners Highland Capital Partners , First Round Capital First Round Capital , SV Angel SV Angel , Lerer Hippeau Ventures Lerer Hippeau Ventures (5)
Post-money valuation of
Series A $12,500,000
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