SmartThings
About SmartThings
SmartThings is a company founded in 2012 was acquired by Samsung in August 2014.. SmartThings has raised $27.92 million across 3 funding rounds from investors including Samsung, Lerer Hippeau and Greylock Partners. The company has 217 employees as of December 31, 2021. SmartThings offers products and services including Galaxy Smartphone, SmartThings App, Samsung TV, Refrigerator, and Jet Bot Vacuum. SmartThings operates in a competitive market with competitors including Savant Systems, IOTAS, Dwelo, Aliste and Stringify, among others.
- Employees 217 as on 31 Dec, 2021
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Sectors
Technology
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Website
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- Legal Name Smartthings, Inc.
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Products & Services of SmartThings
SmartThings offers a comprehensive portfolio of products and services, including Galaxy Smartphone, SmartThings App, Samsung TV, Refrigerator, and Jet Bot Vacuum. 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.
Smartphone for communication and entertainment features
App for controlling and monitoring home devices
Television with AI energy-saving capabilities
Appliance with smart monitoring and energy features
Robot vacuum for automated floor cleaning
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Software Development Team
155 people
Sales and Marketing
133 people
Leadership Team
132 people
Product Management Team
69 people
Human Resources and Administration
57 people
Head Team
34 people
Creative and Marketing Team
30 people
Senior Team
28 people
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Funding Insights of SmartThings
SmartThings has successfully raised a total of $27.92M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12.42 million completed in December 2013. 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 3
- Last Round Series A — $12.4M
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First Round
First Round
(04 Dec 2012)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2013 | Amount | Series A - SmartThings | Valuation |
investors |
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| Nov, 2013 | Amount | Series A - SmartThings | Valuation |
investors |
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| Dec, 2012 | Amount | Seed - SmartThings | Valuation | First Round Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 SmartThings
SmartThings has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Samsung, Lerer Hippeau and Greylock Partners. 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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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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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 SmartThings
| 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 - SmartThings
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Smartthings Comparisons
Competitors of SmartThings
SmartThings 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 Savant Systems, IOTAS, Dwelo, Aliste and Stringify, 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 |
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| domain | founded_year | HQ Location |
Connected devices are managed via an app and hub system.
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| domain | founded_year | HQ Location |
Various connected devices are integrated via a smart home hub.
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| domain | founded_year | HQ Location |
Smart apartment management solutions are offered for managers and residents.
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| domain | founded_year | HQ Location |
Smart home automation systems and control apps are provided.
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| domain | founded_year | HQ Location |
A platform for rule-based automation of IoT applications is offered.
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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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On-demand services are booked through an app-based platform.
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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 Smartthings
Frequently Asked Questions about SmartThings
When was SmartThings founded?
SmartThings was founded in 2012.
Is SmartThings a funded company?
SmartThings is a funded company, having raised a total of $27.92M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Dec 04, 2012.
How many employees does SmartThings have?
As of Dec 31, 2021, the latest employee count at SmartThings is 217.
What does SmartThings do?
SmartThings has created a variety of easy-to-use sensors that can be placed in homes, office, and car. Has opened up its developer tool kit to third-parties and built an online shop where customers could find devices that leverage its technology. The startup is building a platform for developers to connect everyday objects. Raised 1.2M on Kickstarter in Sept 2012. Won the Spark of Genius award at the 2012 Dublin Web Summit.
Who are the top competitors of SmartThings?
SmartThings's top competitors include Savant Systems, IOTAS and Dwelo.
What products or services does SmartThings offer?
SmartThings offers Galaxy Smartphone, SmartThings App, Samsung TV, Refrigerator, and Jet Bot Vacuum.
Who are SmartThings's investors?
SmartThings has 8 investors. Key investors include Samsung, Lerer Hippeau, Greylock Partners, Highland Capital Partners, and First Round Capital.
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