ecobee introduced the world’s first smart thermostat and builds smart‑home devices and integrations (notably the ecobee4 thermostat and the Alexa‑enabled ecobee Switch+). The company says it has captured more than a third of the smart‑thermostat market and has experienced over 100% year‑over‑year growth. ecobee is pursuing a broader home operating system that leverages voice, advanced sensor technology and AI to transform how consumers interact with their homes. The company reports sustained profitable growth and is expanding its product suite and go‑to‑market capabilities while scaling operations. Recent leadership hires (CMRO Jackie Poriadjian‑Asch, COO Scott Cleaver and CFO David Brennan) are intended to support that expansion. Headquarters are in Toronto and the company was founded in 2007. Ecobee designs smart thermostats and other connected-home products, including a thermostat with far-field technology that can function like an Echo and a smart light switch. The company has embraced Amazon Alexa integration, building Alexa functionality directly into its devices. Ecobee says it has captured around a third of the smart thermostat market and has seen strong growth in recent years. The company is focused on installing devices throughout the home and aligning with Amazon’s third-party Alexa strategy. Ecobee is an 11-year-old, Toronto-based company. Its recent fundraising activity and Amazon partnership have drawn attention to potential strategic outcomes for the business. ecobee develops Wi‑Fi thermostats with room sensors and other connected-home technologies. Its thermostat is compatible with Amazon Echo through the Alexa Smart Home Skill API, enabling homeowners to control room temperature by voice. The product is positioned to deliver savings on heating and cooling bills. ecobee was founded in 2007 and is led by President and CEO Stuart Lombard. The company is based in Toronto, Canada. It closed a $35m funding round to continue developing connected home technologies. ecobee develops intelligent energy conservation and green-technology solutions for single-family homes, multi-family dwellings and commercial properties. The company is based in Toronto and operates a US office in Northboro, MA. ecobee commercializes its products through leading distributors and contractors. The business focuses on products that drive energy savings and efficiency for residential and commercial customers. In January 2010 ecobee secured external capital to support its growth plans. The new funding is earmarked to accelerate sales, marketing and product efforts.

Total raised

$139M

Funding rounds

4

Latest round

Series C

Latest activity

May 2018