Ecobee

Ecobee

Smart home devices for energy efficiency

About Ecobee

Simplify's Rating
Why Ecobee is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Energy

Consumer Software

Consumer Goods

Company Size

501-1,000

Company Stage

Acquired

Total Funding

$937.8M

Headquarters

Toronto, Canada

Founded

2007

Overview

Ecobee designs smart home devices that improve comfort, security, and energy efficiency. Their main products include intelligent thermostats, cameras, and sensors that can connect with other smart home systems. The SmartThermostat, their flagship product, allows users to control their home environment using voice commands through Siri and Alexa. Ecobee targets homeowners who want to enhance their living spaces with technology, particularly appealing to those who are tech-savvy and environmentally conscious. They sell their devices directly and through retail partners, and also offer subscription services for advanced features. Ecobee has helped save energy in over one million homes, benefiting both the environment and customers' energy bills. Their focus on data privacy and user-friendly design sets them apart in the smart home market, with a goal of providing seamless solutions for home automation.

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Simplify's Take

What believers are saying

  • Ecobee's integration with Matter protocol enhances product compatibility across platforms.
  • The rise of energy-as-a-service models expands Ecobee's market reach through utility partnerships.
  • Remote work trends increase demand for Ecobee's home automation solutions.

What critics are saying

  • Competition from Amazon and Google threatens Ecobee's market share.
  • Integration with third-party platforms may raise data privacy concerns.
  • Ecobee's reliance on partnerships could pose risks if misalignments occur.

What makes Ecobee unique

  • Ecobee offers voice-controlled smart thermostats compatible with Siri and Alexa.
  • The company integrates its products with major platforms like Google Home and Airbnb.
  • Ecobee's eco+ Community Energy Savings suite enhances grid stability during extreme weather.

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Funding

Total Funding

$937.8M

Above

Industry Average

Funded Over

4 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health/Lifestyle Spending Account

75% parental leave top-up

Health benefits starting day 1

25-day paid sabbatical in year 5

$1,500 learning & development budget

Quarterly hackathons

Volunteer Days

Flexible hours & work from home

Your own Ecobee device

Company News

Blockchain Desk Africa
May 8th, 2025
Ecobee's Smart Doorbell Camera now integrates with Google Home

Ecobee's Smart Doorbell Camera now integrates with Google Home.

Rental Scale-Up
Mar 13th, 2025
Arizona Mayors Seek Rental Control, Murcia Partners with Airbnb, and Minut Automates Energy Savings with Ecobee

Minut, a property operations platform known for its noise monitoring solution, has partnered with smart thermostat company Ecobee.

Uplight
Jan 8th, 2025
The Power of In-App Marketing: ecobee's Drawers Boost DR Program Enrollment

ecobee, a partner to Uplight and a pioneering smart home device company, launched its in-app marketing system called "Drawers" in May 2024.

Artificial Race
Jan 8th, 2025
Ecobee announces new Essential smart thermostat at CES

Ecobee announces new Essential smart thermostat at CES.

Engadget
Jan 6th, 2025
Ecobee's Smart Thermostat Essential is packed with features but still affordable

Ecobee introduced a new smart thermostat at CES 2025 and it looks pretty nifty.

Recently Posted Jobs

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Principal Strategic Analytics

Toronto, ON, Canada

Staff BI/Analytics Engineer

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Senior Machine Learning Engineer

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Ecobee is Hiring for 8 Jobs on Simplify!

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Ecobee is Hiring for 8 Jobs on Simplify!

Find jobs on Simplify and start your career today

đź’ˇ
We update Ecobee's jobs every few hours, so check again soon! Browse all jobs →

People Also Viewed

Discover companies similar to Ecobee

Mysa

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St. John's, Canada

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