Karissa Neely for Daily Herald: In its first round of venture capital funding, Vivint Smart Home, the Provo-based leading provider of smart home technology and services, announced a $100 million equity investment co-led by tech investor Peter Thiel and investment firm Solamere Capital.
The strategic investment will help fuel Vivint’s rapid growth and product innovation as it extends its preeminent position in the growing smart home market.
A venture capitalist and entrepreneur who co-founded PayPal, Thiel is known for backing transformational technology companies, and was the first outside investor in Facebook and is one of the largest shareholders of Airbnb.
“For Peter and Solamere to place their confidence in Vivint as the smart home leader is a huge validation of what we have built and where we are headed,” said Todd Pedersen, founder and CEO of Vivint Smart Home, in a press release. “The fact that they are investing in our future demonstrates their passion for our business and their vision for this industry. We look forward to working together to redefine the home experience.” Cont'd...
Vayyar Joins SAMSUNG ARTIK Platform Ecosystem to Showcase a New Suite of Safer, More Secure Capabilities for Smart Homes
Netvibes Connects with SAMSUNG ARTIK Cloud™ to Extend Automation and Control of the Internet of Things
Nearly 50% of U.S. broadband households with a smart garage door opener use a smartphone, tablet, or computer to control their opener almost every day
Smart Home Vendor tado° Raises $23 Million to Fuel US Expansion, Bringing Funding Total to $57 Million to Date
Records 316 to 330 of 1128