SimpliSafe

SimpliSafe

Home security systems with monitoring services

About

SimpliSafe offers home security systems that protect homes and businesses from intrusions, fires, and emergencies. Their products include customizable security cameras, video doorbells, smart locks, and various sensors, all designed for easy wireless installation. Unlike competitors, SimpliSafe provides features like visual alarm verification and a panic button for discreet help requests. The company's goal is to enhance safety through accessible, professional monitoring services for residential and small business clients.

Company Stage

Debt Financing

Employees

1,001-5,000

Industries

Consumer Software, Consumer Goods

Total Funding

$182.6M

Headquarters

Boston, Massachusetts

Founded

2006


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Simplify's Take

What believers are saying

  • Integration of AI enhances SimpliSafe's real-time monitoring capabilities.
  • The rise of DIY home security systems boosts demand for SimpliSafe's easy-to-install solutions.
  • Subscription-based models provide SimpliSafe with a steady revenue stream and customer loyalty.

What critics are saying

  • Increased competition from DIY systems like Ring and Nest threatens market share.
  • Privacy concerns over AI-driven monitoring may deter potential customers.
  • Supply chain disruptions could delay SimpliSafe's hardware production and delivery.

What makes SimpliSafe unique

  • SimpliSafe offers customizable security systems tailored to individual customer needs.
  • Their wireless installation and long battery life set them apart from competitors.
  • SimpliSafe's visual verification feature ensures faster police response times.

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Growth & Insights
Headcount

6 month growth

5%

1 year growth

11%

2 year growth

26%

Benefits

Health Insurance - A comprehensive plan provides peace of mind for you and your family.

Employee assistance program - Help through the difficult situations that come up at work and at home.

Tuition reimbursement - We want you to keep learning, so we’ll cover part of your tuition.

401(k) - Saving for your future in the present.

Unlimited vacation - Exempt employees take the time when you need it or want it. We mean it.

Life and disability insurance - Coverage for when you need it most.

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