Cambridge connected home security system maker SimpliSafe raised a massive $57 million in funding on Wednesday from Sequoia Capital to take its business to the next level. Sequoia partner Scott Carter will also join the company’s board.
SimpliSafe can be classified as an Internet of Things company. The simple-to-use system can be controlled from users’ smartphones, and doesn’t require a landline for monitoring. The company claims that anyone can set it up in minutes. SimpliSafe’s system also pings users with Smart Alerts to let them know remotely when visitors and family members enter or exit a house or apartment.
“Most home security companies are stuck in the eighties with aggressive salespeople, obsolete technology and expensive alarm monitoring contracts that lock you in for years and thousands of dollars,” said Sequoia’s Carter in a statement.
SimpliSafe has over 100,000 customers signed on to its no-contract security system, and calls itself the fastest-growing home security provider in the country.
“We've eliminated unnecessary middlemen, so we can pass the savings on to our customers and pour our resources into product innovation and customer service,” added Chad Laurans, CEO of SimpliSafe, in the release.
The company is also offers smoke detectors, temperature monitors and glass break sensors. Security sensor packages start at $229 and go up to $539.
Image via SimpliSafe
Writer's Note: A previous version of this article misstated SimpliSafe's currently available products. It has since been updated.
