Published On: Wed, Mar 7th, 2018

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

Smart thermostat builder Ecobee only wrapped adult a $61 million Series C, bringing a Toronto-based company’s sum appropriation to $146 million. This latest turn facilities investments from Energy Impact Partners, Thomvest, Relay Ventures and, many notably, Amazon’s Alexa Fund, that has taken a quite seductiveness in a company’s products of late.

No surprise, really. Ecobee has been quite bullish about embracing Amazon’s intelligent assistant. In fact, in May of final year, a association became one of a initial Amazon product to build Alexa functionality directly into a possess products.

The Ecobee thermostat 4 sports far-field record that radically lets it double as another Echo device, and a association has given combined a intelligent light switch to a list, as well. Ecobee is unequivocally an ideal partner for Amazon, given a fact that a arch competitor, Nest, has been partial of Google for some time.

Just final week, reports flush that Amazon designed to stop offered Nest products, as a argument between a dual record giants intensified.

Ecobee’s enterprise to implement inclination in each room of a home matches adult ideally with Amazon’s third-party Alexa play. And honestly, given a fact that Amazon recently purchased Ring, we wouldn’t be too astounded to see Ecobee turn a subsequent hardware builder to get rolled adult underneath a Amazon powerful — presumption a prepared to sell, of course.

The 11-year-old association has been saying some clever expansion in new years, and has prisoner around a third of a intelligent thermostat marketplace by a possess count. Along with heading a investment, Energy Impact Partners’ Lindsay Luger will also be fasten Ecobee’s board. 

About the Author

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>