The Washington Post

DC ‘Internet of Things’ start-up SmartThings raises $12.5 M

Georgetown-based technology start-up SmartThings, which helps customers control items in their homes through their smartphones, raised $12.5 million in early stage funding from Silicon Valley venture firms Greylock Partners and Highland Capital Partners.

The company has raised $15.5 million in total since its founding in 2012, as well as $1.2 million on Kickstarter, a Web site on which large groups of small donors fund projects.

SmartThings sells kits containing sensors that connect wirelessly to smartphones, allowing people to control and monitor their homes remotely. Users can be notified if a door opens at home or if there’s water damage while they’re out, for instance. This network of interconnected devices has been dubbed by some as the “Internet of Things”.

SmartThings will use its most recent round of financing to improve its products and distribution, according to the company.

Greylock partner Josh Elman and Highland partner Manish Patel will also join SmartThings’ board of directors.

“SmartThings is taking a unique approach to a new era in human-machine interaction that merges the physical and digital worlds,” Patel said in a statement. “The power of the Internet of Things lies in having as many connection points across as many verticals as possible.”

SmartThings has about 40 employees, divided between offices in Washington and Minneapolis.

Show Comments
Most Read
DJIA -1.29%
NASDAQ -3.25%
Last Update: 02/07/2016(DJIA&NASDAQ)



Success! Check your inbox for details.

See all newsletters

Close video player
Now Playing

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.