SimpliSafe

SimpliSafe

Home security systems with monitoring services

About SimpliSafe

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

Industries

Consumer Software

Consumer Goods

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$182.6M

Headquarters

Boston, Massachusetts

Founded

2006

Overview

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 installation. Unlike competitors, SimpliSafe features wireless setup, long battery life, and visual alarm verification for faster police response. The company's goal is to provide accessible and effective security solutions with professional monitoring services.

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Simplify's Take

What believers are saying

  • SimpliSafe's AI integration enhances proactive security measures and crime prevention.
  • The company's UL certification improves emergency response efficiency and consumer safety.
  • Growing demand for smart home integration boosts SimpliSafe's market potential.

What critics are saying

  • Increased competition from DIY systems like Ring and Nest threatens market share.
  • Rapid AI advancements may outpace SimpliSafe's current technology offerings.
  • Privacy concerns over AI surveillance could impact reputation and sales.

What makes SimpliSafe unique

  • SimpliSafe offers customizable security systems tailored to individual customer needs.
  • Their systems feature wireless installation and long battery life for convenience.
  • SimpliSafe's visual verification feature enhances police response times during emergencies.

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Funding

Total Funding

$182.6M

Above

Industry Average

Funded Over

4 Rounds

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

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.

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Feb 4th, 2025
Simplisafe® Achieves Alarm Validation Scoring Standard (Avs-01) Certification To Enhance Alarm Information For First Responders And Improve Emergency Outcomes

The Underwriters Laboratories (UL) certification is the third achieved by a security organization since the Standard's release, demonstrating SimpliSafe's commitment to public safety and operational excellence.BOSTON, Feb. 4, 2025 /PRNewswire/ -- SimpliSafe ®, maker of award-winning smart home security systems, today announced its Richmond, Virginia Monitoring Center is now UL-listed for the Alarm Validation Scoring Standard (AVS-01). AVS-01 is a standardized method for classifying and reporting home burglary alarms between monitoring centers and public safety organizations. The certification further demonstrates SimpliSafe's commitment to improving the efficiency and effectiveness of emergency responses and enhancing consumer safety through industry collaboration.The AVS-01 Standard is the result of a groundbreaking collaboration between The Monitoring Association (TMA), UL Solutions, public safety professionals and other key stakeholders within the alarm monitoring industry aimed at creating a unified and standardized approach to alarm notifications that will better inform first responders of emergencies at hand and in turn, improve emergency response outcomes. The Standard, which applies to handling of burglary alarms, introduces a scoring system ranging from 0-4, with 0 representing "no call for service" and 4 representing "threat to life." By classifying alarms according to this standardized scale, monitoring centers can provide 911 dispatch with consistent, actionable information designed to enable faster and more accurate emergency response."False and low information home alarm signals have led to unnecessary noise within emergency response systems, exacerbating overwhelmed first responder resources and potentially leaving homeowners vulnerable during times of need," explains Christian Cerda, Chief Executive Officer of SimpliSafe. "SimpliSafe has worked diligently over the years to reduce false alarms through innovations like video verification and Intruder Intervention , which enables our trained agents to visually verify threats in customers' homes when communicating with authorities

Security Systems News
Nov 26th, 2024
SimpliSafe wins 2024 TMA/SSN Diversity, Equity, and Inclusion Leadership Award

SimpliSafe wins 2024 TMA/SSN Diversity, Equity, and Inclusion Leadership Award

Broughton Astley
Oct 31st, 2024
Time Flies When You're Protecting Homes and Communities

It's hard to believe that it's already been a year since Broughton Astley Co-Op teamed up with SimpliSafe to help enhance safety in homes and communities for everyone.

Kirby Bellars Parish Council
Oct 31st, 2024
Time Flies When You're Protecting Homes and Communities

It's hard to believe that it's already been a year since Kirby Bellars Parish Council teamed up with SimpliSafe to help enhance safety in homes and communities for everyone.

DIG Watch
Oct 17th, 2024
SimpliSafe launches new outdoor monitoring solution

SimpliSafe, founded in 2006, operates primarily in the US but has expanded to the UK since 2019.

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