About Buoy
Buoy is a company based in Santa Cruz (United States) founded in 2015 by Hilary Bryant was acquired by Resideo in March 2019. It operates as a Product-as-a-Service. Buoy has raised $413 thousand across 2 funding rounds from investors including Resideo. Buoy offers products and services including Buoy Water Controller and Smart Thermostat. Buoy operates in a competitive market with competitors including FIDO, Phyn, Alert Labs, Flo Technologies and Banyan Water, among others.
- Headquarter Santa Cruz, United States
- Founders Hilary Bryant
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Sectors
EnvironmentTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Resideo Technologies Inc.
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Products & Services of Buoy
Buoy offers a comprehensive portfolio of products and services, including Buoy Water Controller and Smart Thermostat. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Water usage is tracked and leaks are detected automatically.
Home temperature is managed for energy efficiency and comfort.
Funding Insights of Buoy
Buoy has successfully raised a total of $413K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $353 thousand completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $353,000
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First Round
First Round
(24 Mar 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2018 | Amount | Seed - Buoy | Valuation |
investors |
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| Mar, 2016 | Amount | Seed - Buoy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Buoy
Buoy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Resideo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Smart home products for security and energy efficiency are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Buoy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Buoy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Buoy Comparisons
Competitors of Buoy
Buoy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FIDO, Phyn, Alert Labs, Flo Technologies and Banyan Water, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-driven SaaS solutions for acoustic leak detection are offered.
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| domain | founded_year | HQ Location |
Connected water pressure monitoring system for smart homes
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| domain | founded_year | HQ Location |
A range of connected sensors for basement monitoring is developed.
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| domain | founded_year | HQ Location |
Connected water-monitoring solution for smart home applications
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| domain | founded_year | HQ Location |
Smart water management solutions are offered for usage optimization.
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| domain | founded_year | HQ Location |
H2O Degree is engaged in providing wireless utility submetering and leak detection systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Buoy
Frequently Asked Questions about Buoy
When was Buoy founded?
Buoy was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Buoy located?
Buoy is headquartered in Santa Cruz, United States. It is registered at Santa Cruz, California, United States.
Who is the current CEO of Buoy?
Jay Geldmacher is the current CEO of Buoy.
Is Buoy a funded company?
Buoy is a funded company, having raised a total of $413K across 2 funding rounds to date. The company's 1st funding round was a Seed of $60K, raised on Mar 24, 2016.
What does Buoy do?
Smart home technologies are developed by Buoy under Resideo Technologies Inc. Solutions for air quality, security, water management, and energy efficiency are offered. Products like the Buoy Water Controller and smart thermostats are designed to enhance home automation. The focus is placed on creating sustainable and secure living environments. Although some products like the Buoy Water Controller are discontinued, next-generation solutions for leak detection are being planned.
Who are the top competitors of Buoy?
Buoy's top competitors include FIDO, Phyn and Alert Labs.
What products or services does Buoy offer?
Buoy offers Buoy Water Controller and Smart Thermostat.
Who are Buoy's investors?
Buoy has 1 investor. Key investors include Resideo.
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