Sources close to SimpliSafe disclosed to TechCrunch that the deal valued SimpliSafe at about $1 billion.
Boston-based SimpliSafe was founded in 2006 and before the June 29 announcement had raised around $57 million over two funding rounds — one in 2014, the other in 2017.
Between Pillpack, Simplisafe, CarGurus, and Wayfair, it’s actually looking like Boston is one of the best places in the world to build consumer startups
— Rob Go (@robgo) June 30, 2018
According to the Boston Globe, from 2006 to 2008 SimpliSafe was a one-person operation that was based out of founders Eleanor and Chad Laurans’ apartment. They came up with the idea to build a simple to use and easy to set up home security system to solve problems around home security for apartment renters who moved every few years.
Amazing data point: 10 yrs ago, SimpliSafe had one employee, the founder, based in his Beacon Hill apartment. This week it was acquired in a deal that valued it at $1 billion. June 30, 2018
Recently, SimpliSafe integrated with Apple Watch to give users an easy way to control their home security system.
Thanks. You did this. You chose us back when we were a kitchen-counter startup. When your friends said, “who?” We’re here today because of you. We’re excited to show you what’s next. pic.twitter.com/Hkk5kY6wjN
— SimpliSafe (@SimpliSafe) June 29, 2018
