What is SmartThings?
Headquartered in Mountain View, California, SmartThings operates as a wholly-owned subsidiary of Samsung Electronics, functioning as an open platform designed to unify disparate smart home devices. By prioritizing interoperability, the company enables users to integrate a vast array of hardware into a single, cohesive ecosystem, thereby driving convenience, energy savings, and enhanced security. Its market position is defined by its commitment to freedom of choice, allowing consumers to build customized home automation environments that are not tethered to a single manufacturer, which remains a key differentiator in the rapidly maturing IoT market.
How much funding has SmartThings raised?
SmartThings has raised a total of $15.5M across 2 funding rounds:
Angel/Seed
$3M
Series A
$12.5M
Angel/Seed (2012): $3M with participation from A-Grade Investments, Lerer Ventures, SV Angel, and First Round Capital
Series A (2013): $12.5M led by Highland Capital Partners and Greylock Partners
Key Investors in SmartThings
A-Grade Investments
A-Grade Investments is a venture capital firm that focuses on consumer-based internet and technology companies, leveraging its expertise to support early-stage growth.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders by providing essential resources, strategic insights, and a vast network to help companies scale effectively.
Highland Capital Partners
Highland Capital Partners is a venture capital firm with a significant track record of IPOs and unicorns, focusing on long-term partnerships to help innovative startups achieve their growth objectives.
What's next for SmartThings?
With the support of major enterprise-level funding, SmartThings is well-positioned to accelerate its product roadmap and deepen its integration within the broader Samsung hardware portfolio. The strategic focus moving forward will likely center on enhancing AI-driven automation, improving cross-platform compatibility, and scaling its developer ecosystem to maintain its competitive edge. As the smart home industry shifts toward more sophisticated, predictive environments, the company's ability to leverage its existing infrastructure will be paramount in capturing further market share and driving long-term value for its parent organization and end-users alike.
See full SmartThings company page
