SimpliSafe

company

About

SimpliSafe is a home security company that designs, engineers, and sells wireless security alarm systems, cameras, and services.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$200M
Industries
Consumer Electronics,Security,Sensor,Smart Home
Founded date
Jan 1, 2006
Number Of Employee
501 - 1000
Operating Status
Active
Legal Name
SimpliSafe, Inc.

SimpliSafe Home Security is a disruptive tech company that designs, engineers, and sells wireless security alarm systems, cameras, and services for houses, apartments, and other commercial properties.

The systems are an inexpensive, easy-to-install alternative to traditional home security options. Simplisafe has 24/7 professional monitoring with no long-term contract and daily customer service support. It sells its products online. The company’s wireless encrypted alarm system features a cellular connection, SMS text and email alerts, smash-proof protection, power outage protection, smoke and fire detection, and wireless sensors. In 2018, SimpliSafe entirely redesigned its system to be half the size with double the range and five times faster. Products include entry, motion, glass break, and water sensors along with a base station, camera, panic button, and smoke detector. The company will also be introducing a video doorbell, a door lock with digital capabilities, and a plan to integrate its service with Amazon’s Echo voice control device.

SimpliSafe was the winner of CNET’s Editors’ Choice Award and has an A+ rating with the Better Business Bureau. SimpliSafe Home Security was incorporated in 2006 by Chad and Eleanor Laurans and is based in Boston, Massachusetts.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$387M
SimpliSafe has raised a total of $387M in funding over 2 rounds. Their latest funding was raised on May 6, 2022 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 6, 2022 Debt Financing $200M 4 Detail
Apr 12, 2021 Private Equity(PE) $130M Detail
Jul 3, 2017 Secondary Market 2 Detail
May 21, 2014 Series Unknown $57M 2 Sequoia Capital Detail

Investors

Number of Lead Investors
Number of Investors
1
6
SimpliSafe is funded by 6 investors. Capital One and Eastern Bank are the most recent investors.
Investor Name Lead Investor Funding Round
Capital One Debt Financing
Eastern Bank Debt Financing
HPS Investment Partners Debt Financing
Owl Rock Capital Debt Financing
Alumni Ventures Secondary Market
Sequoia Capital Secondary Market

Employee Profiles

Number of Employee Profiles
10
SimpliSafe has 10 current employee profiles, including Executive Chad Laurans
Executive
Executive
Executive
Employee
Executive