• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Geeky Gadgets

Gadgets and Technology News

  • Home
  • Apple
  • Android
  • Deals
  • Gadgets
  • Technology
  • Hardware
  • Gaming
  • Cars


Samsung Acquiring SmartThings Home Automation Company For $200 Million?

10:17 am July 16, 2014 By Julian Horsey

  • Share
  • Tweet
  • Pin
  • Email

SmartThings

SmartThings the company that launched their home automation products successful over on the Kickstarter crowd funding website back in 2012 is reportedly being purchased by Samsung for around $200 million.

During its Kickstarter campaign SmartThings raised an impressive $1.2 million to help its home automation hub and companion application come to market.

 

Today Tech Crunch is reporting that Samsung is in negotiations with the SmartThings company, but at the current time a final price has not yet been agreed upon according to one source, while another says the deal has already been concluded.

Since its inception SmartThings has received over $15 million in funding from investors such as Greylock, Highland Capital, First Round Capital, SV Angel, Lerer Ventures, Yuri Milner’s Start Fund, David Tisch and A-Grade Investments to name a few.

The new deal will help Samsung stay close to its competitors in the home automation market such as Google who have recently purchased Nest for $3.2 billion and Apple who recently unveiled their new home automation service Homekit during this years Apple WWDC conference last month.

As explained the deal between Samsung and SmartThings has not been confirmed officially by either party at the current time and estimates of the sale price vary considerably at the moment. But as soon as more official information becomes available we will keep you updated as always. If you are thinking of setting up a home automation system you might be interested in our Home Automation Hubs and Systems Guide.

Source: Tech Crunch

Filed Under: Technology News, Top News

Latest Geeky Gadgets Deals


Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn more.

Primary Sidebar

  • Email
  • Facebook
  • RSS
  • Twitter

Top News

Invincible animated TV series

Invincible animated TV series will premiere on Amazon Prime March 26th 2021

professional chef knife set

Professional chef knife collection launches via Kickstarter

Raspberry Pi Pico

CircuitPython 6.2 release with support for new Raspberry Pi RP2040

hitman 3

Hitman 3 analysis compares PC vs PS5 vs Xbox Series X

Xbox Live Gold price

Xbox Live Gold subscription price increase quickly scrapped after backlash from gamers

Last Minute Deals

Apple News

iPhone 12 MagSafe

Apple says magnets in iPhone 12 and MagSafe accessories may affect pacemakers

watchos 7.3

What’s new in Apple’s watchOS 7.3 Release Candidate (Video)

iOS 14.4 Release Candidate

Speed Test: iOS 14.4 Release Candidate (Video)

tvOS 14.4 Release Candidate

Apple releases tvOS 14.4 Release Candidate to developers

watchOS 7.3 Release Candidate

Apple releases watchOS 7.3 Release Candidate

Technology News

Samsung 5G RAN

Samsung expands its 5G technology with fully virtualized 5G RAN

Google To Pay French Publishers For News Snippets

CircuitPython 6

CircuitPython 6.1.0 now available

Wine 6

Wine 6.0 now available to download

Raspberry Pi Pico

Raspberry Pi Pico microcontroller officially launches for $4

Android News

Vivo X60 Pro+

Vivo X60 Pro+ gets official

2021 Sony Xperia Compact

New 2021 Sony Xperia Compact smartphone in the works

Samsung Galaxy Tab S7 and S7+

Samsung Galaxy Tab S7 and S7+ One UI 3.0 update rolling out in more countries

Oppo A55 5G

Oppo A55 5G smartphone gets official

OnePlus 9

More OnePlus 9 specifications revealed

Footer

About Us

  • About Geeky Gadgets
  • Advertise On Geeky Gadgets
  • Archives
  • Contact Us
  • Disclosure Policy
  • Free Newsletter
  • Geeky Gadgets Logo
  • Privacy Policy
  • Site Map

Further Reading

  • Auto News
  • Camera News
  • Concepts & Design
  • Entertainment News
  • Design News
  • Geeky Stuff
  • Apple iPad
  • Apple iPhone
  • Mobile Phone News
  • Sponsored
  • Tablet News

Copyright 2007 - 2020 Geeky Gadgets

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Geeky Gadgets
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

More information about our Cookie Policy