Friday, August 15, 2014

IoT: Samsung += SmartThings - $200M

SmartThings Acquired By Samsung For Around $200 Million | TechCrunch

Screen Shot 2014-08-14 at 3.18.54 PM

"Apt for their name, SmartThings builds… smart things. Light switches. Water sensors. Door locks. All packaged up and prepped to hook into their iOS/Android app, which lets you control and monitor these devices from afar.

SmartThings had raised about $15.5 million to date (not including the $1.2 million raised on Kickstarter), with its latest round being a $12.5 million Series A back in November 2013."

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