Ecobee scores a $61 million Series C with assistance from Amazon

Ecobee scores a $61 million Series C with assistance from Amazon

Smart thermostat maker Ecobee just wrapped up a $61 million Series C, bringing the Toronto-based company’s complete capital to $146 million. This most recent round features investments from Energy influence Partners, Thomvest, Relay Ventures and, especially, Amazon’s Alexa Fund, which includes taken a particularly interest in the business’s products of late.

Not surprising, truly. Ecobee is specifically bullish about embracing Amazon’s wise assistant. In fact, in May of this past year, the company became one of the primary Amazon item to construct Alexa functionality into unique items.

The Ecobee thermostat 4 activities far-field technology that really lets it double as another Echo product, additionally the company features because added a good light switch to record, too. Ecobee is actually an ideal lover for Amazon, given the undeniable fact that its main competitor, Nest, has been part of Google for quite a while.

Simply the other day, reports surfaced that Amazon planned to end offering Nest items, as a feud involving the two technology giants intensified.

Ecobee’s need to install devices in every room of the property fits up completely with Amazon’s third-party Alexa play. And honestly, because of the fact that Amazon recently purchased Ring, I wouldn’t be too astonished to see Ecobee get to be the after that hardware manufacturer to have rolled up beneath the Amazon umbrella — presuming its prepared to offer, naturally.

The 11-year-old business has been witnessing some strong development in the last few years, and it has captured around a 3rd associated with smart thermoregulator marketplace by its own matter. Along with leading the financial investment, Energy Impact Partners’ Lindsay Luger will also be joining Ecobee’s board. 

Posted at Wed, 07 Mar 2018 15:44:03 +0000