Bin Li(bili)

APP HUB THINGS

PRODUCT

FINANCIAL

2012 Sep Secured $1.2 million through a Kickstarter campaign

2012 Oct Raised a $3 million seed funding round

2013 Nov Raised $12.5 million in a Series A funding round led by Greylock Partners and Highland Capital Partners

2014 Aug Acquired by Samsung for a reported $200 million as an independent company

HISTORY

2012 Spring Alex Hawkinson (CEO), Andrew Brooks (COO), and Jeff Hagins (CTO) founded the company

2013 Aug Sell things commercially on its website and Amazon

2013 Updated its iOS mobile app. Installs of the app grew from 30,000 to 130,000 after the release

2014 May Released another update of its mobile app and develop tool

HISTORY

2014 Aug Partnered with Direct Energy, a Canadian and American energy provider

2014 Aug Acquired by Samsung and would operate as an independent company

2015 Sep Announced a new lineup of products, and a brand-new SmartThings app experience

SECRET SAUCE

Software Hardware

COMPETITION

PREDICTION

Partener with more companies as device support

Improve experience which involves a lot of data

Upgrade device connection & security solution