About Wyze
Wyze is a company based in Kirkland (United States) founded in 2017 by Dongsheng Song, Dave Crosby, and Yun Zhang.. Wyze has raised $165 million across 4 funding rounds from investors including Norwest Venture Partners, Kensington Capital Partners and Marcy Venture Partners. Wyze offers products and services including Wyze Cam v4, Wyze Lock Bolt, Wyze Scale Ultra, and Wyze Thermostat. Wyze operates in a competitive market with competitors including Vivint, ADT, Alarm.com, ecobee and Nest, among others.
- Headquarter Kirkland, United States
- Founders Dongsheng Song, Dave Crosby, Yun Zhang
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Sectors
Industrial Goods & ManufacturingTechnology
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Phone
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Website
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Social
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- Legal Name Wyze Labs, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$165 M (USD)
in 4 rounds
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Latest Funding Round
$110 M (USD), Series B
Jul 30, 2021
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Investors
Norwest Venture Partners
& 4 more
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Employee Count
Employee Count
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Products & Services of Wyze
Wyze offers a comprehensive portfolio of products and services, including Wyze Cam v4, Wyze Lock Bolt, Wyze Scale Ultra, and Wyze 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.
High-resolution camera for indoor and outdoor monitoring
Door lock for remote access and security control
Smart scale for tracking body metrics accurately
Thermostat for automated temperature control
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Funding Insights of Wyze
Wyze has successfully raised a total of $165M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $110 million completed in July 2021. 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 4
- Last Round Series B — $110.0M
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First Round
First Round
(04 Jan 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series B - Wyze | Valuation | Marcy Venture Partners | |
| May, 2020 | Amount | Series A - Wyze | Valuation | Norwest Venture Partners | |
| Jan, 2019 | Amount | Series A - Wyze | Valuation | Norwest Venture Partners |
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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 Wyze
Wyze has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Norwest Venture Partners, Kensington Capital Partners and Marcy Venture 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 investing in consumer businesses
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors
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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 Wyze
| 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 - Wyze
| 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 |
Wyze Comparisons
Competitors of Wyze
Wyze 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 Vivint, ADT, Alarm.com, ecobee and Nest, 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 |
Cloud-based smart security cameras are manufactured for home use.
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| domain | founded_year | HQ Location |
Cloud-based surveillance solutions for home and business security are provided.
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| domain | founded_year | HQ Location |
Cloud-based video intercoms and physical security systems are provided.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Provider of hardware and software for monitoring home energy consumption
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| domain | founded_year | HQ Location |
Energy-efficient ceiling fans and smart home appliances are provided.
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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 Wyze
Frequently Asked Questions about Wyze
When was Wyze founded?
Wyze was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Wyze located?
Wyze is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
Who is the current CEO of Wyze?
Yun Zhang is the current CEO of Wyze. They have also founded this company.
Is Wyze a funded company?
Wyze is a funded company, having raised a total of $165M across 4 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jan 04, 2019.
What does Wyze do?
Wyze was founded in 2017 and is based in Kirkland, United States. Cloud-based smart security cameras with built-in speakers and microphones are developed for video surveillance purposes. Smart video doorbells, locks, bulbs, and plugs are also produced. Integration with a companion application for Android and iOS devices is supported by the products in the consumer electronics sector.
What products or services does Wyze offer?
Wyze offers Wyze Cam v4, Wyze Lock Bolt, Wyze Scale Ultra, and Wyze Thermostat.
Who are Wyze's investors?
Wyze has 5 investors. Key investors include Norwest Venture Partners, Kensington Capital Partners, Marcy Venture Partners, American Family Ventures, and Amino Capital.
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