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Ecobee Secures $61 Million in Funding in Series C Round

Ecobee is getting a boatload of money and I am excited! In my opinion Ecobee is the thermostat to use and them getting more money to support future growth an innovation can not be a bad thing for their users. This latest round of funding brings total funding to $146 million for Ecobee and features investments from Silicon Valley based investment firm Thomvest, Energy Impact Partners, Relay Ventures and Amazon’s Alexa Fund.

With Ecobee’s implementation of Alexa in its Ecobee 4 Thermostat and its upcoming Switch+ I am not surprised that Amazon is involved in this funding, also if I put on my conspiracy theory hat for a second, this goes right along with Amazon’s announcement last week that they would be discontinuing sales of Nest products. In addition to this because of Amazons recent acquisition of Ring, I cannot help but think is this the start of yet another Amazon acquisition?

 

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Mike View All

I am passionate about the IoT and connected devices. Using connectivity to automate our lives will empower civilization to achieve greatness.

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