Recent Acquisitions and Consolidation in the Smart Home Industry

Amazon recently announced their acquisition of iRobot for $1.7 billion!

There’s been a lot of consolidation in the smart-home industry, but the industry is still very fragmented. Big names have begun strengthening their offerings by acquiring smaller companies with deep expertise – companies like ours.

A study of mergers and acquisitions by the Harvard Business Review also shows that industries follow a 25 year cycle, evolving from an industry concentration of under 20% to over 70% upon reaching maturity.

Here are some of the hundreds of acquisitions that have occurred in our space from 2013-2017.

Recent acquisition activity supports this theory, and we expect increased M&A activity as the industry continues to mature.

  • Amazon set to acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion.
  • Generac Holdings, a leading global designer and manufacturer of energy technology solutions acquired Ecobee in a transaction valued up to $770M.
  • Assa Abloy purchases 54% of Swiss-based agta – one of the world’s leading manufacturers of automatic door systems – for $570M.

Backed by the strength of our patents and growing revenues, we may soon become a prime candidate and entry point into the automated window shades market for one of these acquirers.

RYSE in Bed Bath & Beyond

I am very excited to announce that RYSE is now an approved vendor with Bed Bath & Beyond, with our products now selling through their online store.

Bed Bath & Beyond is one of the largest retail chains for home goods, operating a total of 953 stores that have generated over $7.8B in revenue during the last fiscal year. Selling our products through their online channel is expected to drive significant online sales growth for our company. We also see this as the beginning of a long partnership that will lead to us selling through their physical retail stores.

Having our products listed in their catalog is a stamp of approval, and we will leverage our relationship with Bed Bath & Beyond when pursuing distribution deals with other retailers.

Common Investments + Perks

Investments over $2,500 will receive the following perks. All perks will automatically be recorded and assigned to each investor following the close of the round, without any further action required.

$1,500+
  • 1 RYSE

Cash Value: $150

$2,500+
  • 1 RYSE + Battery
  • 1 SmartBridge

Cash Value: $250

$5,000+
  • 2 RYSE + Battery
  • 1 SmartBridge

Cash Value: $450

$10,000+
  • 4 RYSE + Battery
  • 1 SmartBridge
  • 10% Lifetime Discount

Cash Value: $850

$25,000+
  • 10 RYSE + Battery
  • 1 SmartBridge
  • 15% Lifetime Discount

Cash Value: $2050

$50,000+
  • 20 RYSE + Battery
  • 1 SmartBridge
  • 20% Lifetime Discount

Cash Value: $4050