• Vivint

  Led · Equity · Apr 2016

  Vivint Smart Home sells a comprehensive suite of connected devices—including remote locks, video doorbells, cameras, smoke detectors and security solutions—that operate seamlessly with Amazon Alexa. Unlike many piecemeal competitors, the company positions itself as an end-to-end smart-home provider, bundling hardware, software and monitoring services. Vivint reports serving over one million customers and generating more than $650 million in annual revenue. The company was acquired by The Blackstone Group for $2 billion in 2012, a relationship that continues today. Proceeds from its latest financing will fuel growth initiatives and expand research and development aimed at further “redefining the home experience,” according to CEO Todd Pedersen. Management views this capital as a strategic vote of confidence that strengthens its market leadership as smart-home adoption accelerates.

• Vivint Smart Home

  Led · Equity · Apr 2016

  Vivint Smart Home is a vertically integrated provider of smart home technology and services based in Provo, Utah. The company offers a custom platform, Vivint Sky, with integrated products including smart door locks, thermostats, cameras, doorbell cameras, cloud storage and an array of sensors, and has integrated Amazon Echo and the Nest Learning Thermostat. Vivint pairs its technology with in-home consultation, professional installation and support delivered by its Smart Home Pros, along with 24-7 customer care and monitoring. The company serves more than one million customers and reports revenue of more than $650 million. Vivint says it will use the strategic investment to fuel rapid growth and product innovation and to extend its position in the growing smart home market. Strategy Analytics estimates the smart home market will reach $40 billion by 2020.

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