Wednesday, January 25, 2017

Ring Rounds Up $109M In New Funding

Los Angeles-based Ring, the developer of connected doorbells, security cameras, and other similar devices, has raised $109M in a big financing round, to help fund global growth. The funding came from DFJ Growth, Goldman Sachs Investment Partners and Qualcomm Ventures, plus Sir Richard Branson, American Family Insurance, Shea Ventures and True Ventures, and others. Ring, led by Jamie Siminoff, has now raised over $209M in funding. Ring got its start as Doorbot, and grew due to an appearance by Siminoff--already a serial entrepreneur with a track record here in Southern California--on Shark Tank. Siminoff's last successful venture was Unsubscribe.com, which he sold to TrustedID in 2011. More information »