Connected Doorbell Company Ring Buzzes In $61.2M

This post is by Cat Zakrzewski from Venture Capital Dispatch

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Ring announced the release of the Ring Video Doorbell Pro on Wednesday. The new product came as the company announced funding from Kleiner Perkins Caufield & Byers.
Bot Home Automation Inc

Bot Home Automation Inc., which does business as Ring, raised $61.2 million in Series C funding led by Kleiner Perkins Caufield & Byers.

The Santa Monica, Calif., company produces Wi-Fi-connected video doorbells, which allow users to remotely see who is standing at their door from their phones. The product gives users a notification when someone rings the bell or if its motion sensors detect someone in front of the house.

The company declined to disclose its valuation. PitchBook Data Inc. reported the company’s valuation jumped from $63.6 million to $202 million.

Chief Executive Jamie Siminoff said his goal is to use technology to make neighborhoods safer.

Mr. Siminoff said the inspiration for Ring, like many Continue reading “Connected Doorbell Company Ring Buzzes In $61.2M”