SimpliSafe

SimpliSafe was founded in 2006 by then-Harvard Business School students, Chad and Eleanor Laurans after several friends in the Cambridge area experienced home break-ins, but couldn't find a security company that was designed to help renters.{{cite web|last1=Kirsner|first1=Scott|title=SimpliSafe's success awakens sleeping giant|url=http://www.betaboston.com/news/2015/12/30/simplisafes-success-awakens-sleeping-giant/|website=Beta Boston|accessdate=23 May 2016}}{{cite web|title=HBS START-UP: SAFE AT HOME|url=http://www.harbus.org/2009/hbs-startup-safe-at-4724/|website=Harbus|accessdate=17 May 2016}}

The couple worked on SimpliSafe in their own home from 2006 to 2008.{{cite web |last1=Harish |first1=Alon |date=10 September 2009 |title=Yale Daily News |url=http://yaledailynews.com/blog/2009/09/10/elis-offer-home-security-options/ |accessdate=25 May 2016 |website=Elis offer home security options}} Mr Laurans designed the system and tested it at friends’ residences for feedback. SimpliSafe officially launched in 2009 with initial funding from angel investors, introducing the industry's first do-it-yourself (DIY) home security system.{{cite web|last1=Paley|first1=Eric|title=10 Startup Lessons from SimpliSafe CEO Chad Laurans|url=http://bostinno.streetwise.co/2015/12/04/top-iot-companies-startup-how-to-simplisafe-ceo/|website=BostInno|accessdate=17 May 2016}}{{cite web|last1=Alspach|first1=Kyle|title=SimpliSafe gets $57 million investment from Sequoia Capital|url=https://www.bostonglobe.com/business/2014/05/22/simplisafe-gets-million-investment-from-sequoia-capital/y7piJm3RX3Js5eYzmzxrZJ/story.html|website=Boston Globe|accessdate=17 May 2016}}

In 2010, revenue for the company was $1.4 million.{{cite web|last1=Bernard|first1=Gillis|title=24 Boston-Area Tech Companies Score Spots on Inc.'s 5000 List|url=http://bostinno.streetwise.co/2014/08/20/inc-5000-list-2014-boston-companies-fastest-growing-boston-companies-on-inc-magazine-5000-2014-list/|website=BostInno|accessdate=17 May 2016}} In 2013 revenue was $38.5 million.{{cite web|title=SimpliSafe Home Security|url=http://www.inc.com/profile/simplisafe-home-security|website=Inc.|accessdate=20 May 2016}}

In May 2014, Sequoia Capital invested $57 million in SimpliSafe through a Series A round of funding.{{cite web|last1=Shieber|first1=Jonathan|title=Sequoia Backs Simplisafe In A Play For The Home Security Market|url=https://techcrunch.com/2014/04/21/sequoia-backs-simplisafe-in-a-play-for-the-home-security-market/|website=TechCrunch|date=22 April 2014 |accessdate=17 May 2016}}{{cite web|last1=Bernard|first1=Gillis|title=SimpliSafe Raises $57M from Sequoia Capital for Connected Home Security Systems|url=https://www.americaninno.com/boston/cambridges-simplisafe-raises-57million-from-sequoia-capital/|website=BostonInno|date=21 May 2014|accessdate=17 May 2016}} The same year, the company was reported to have more than 100,000 subscribing customers and was listed as the second-fastest growing company in the Boston area on the Inc. 5000 list.

In 2015, SimpliSafe grew from 100 employees to about 250 employees, and was reported to have 300,000 customers.{{cite web|last1=Alspach|first1=Kyle|title=How SimpliSafe Is Becoming a Rare Consumer Tech Winner for Boston|url=http://bostinno.streetwise.co/2015/11/17/home-security-system-simplisafe-growth-since-sequoia-funding/|website=BostonInno|accessdate=17 May 2016}}

That same year, SimpliSafe launched its products to retailers nationwide, including Amazon, Best Buy, Walmart and Target.

In February 2016, independent security firm IOActive identified a potential RF system vulnerability that could be used to target SimpliSafe and other RF-based monitoring systems, allowing them to be disabled.{{Cite web|url=http://blog.ioactive.com/2016/02/remotely-disabling-wireless-burglar.html|title=Remotely Disabling a Wireless Burglar Alarm|last=Zonenberg|first=Andrew|date=17 February 2016|website=|publisher=IOActive|access-date=17 November 2016}} The company acknowledged the vulnerability, noting that the vulnerability was caused by unencrypted signals. In 2018, the company released a firmware update that encrypted all signals to solve the vulnerability.{{Cite web|url=http://simplisafe.com/blog/our-commitment-to-your-security|title=Our Commitment to Your Security|website=SimpliSafe Blog|access-date=2016-11-17}}

In June 2017, SimpliSafe launched its SimpliCam security camera as well as Video Verification, a feature that allows SimpliSafe's professional monitoring agents to view camera recordings and verify that an active emergency event is taking place within the home.{{Cite news|url=https://www.cnet.com/products/simplisafe-security-camera/|title=SimpliSafe will keep a closer eye on your home's security|work=CNET|access-date=2017-05-11|language=en}}{{Cite web|url=http://electronics360.globalspec.com/article/9054/security-camera-allows-users-to-live-stream-intruders-to-police|title=Security Camera Allows Users to Live Stream Intruders to Police {{!}} Electronics360|website=electronics360.globalspec.com|access-date=2017-09-11}}

In January 2018 at the Consumer Electronics Show (CES), the company introduced the third-generation version of its product line that allowed frequent firmware updates of the technology to address the RF vulnerability.{{Cite news|url=https://www.digitaltrends.com/home/new-simplisafe-home-security-system-ces-2018/|title=SimpliSafe reinvents its home security system to make it smarter, more effective|date=2018-01-10|work=Digital Trends|access-date=2018-02-06|language=en-US}}{{Cite news|url=https://www.bostonglobe.com/business/2018/01/10/with-new-system-simplisafe-looks-fend-off-big-name-competition/EASbBnJgOILY3Sqw7hzdqN/story.html|title=With new system, SimpliSafe looks to fend off big-name competition - The Boston Globe|work=BostonGlobe.com|access-date=2018-02-06}} The revamped system also introduced a new look to its products, designed in conjunction with design firm IDEO.

On June 29, SimpliSafe announced that private equity firm Hellman & Friedman had taken a controlling interest in the company in a deal valued at $1B.{{Cite web |date=29 June 2018 |title=Hellman & Friedman deal values SimpliSafe at $1B – TechCrunch |url=https://techcrunch.com/2018/06/29/hellman-friedman-acquires-controlling-interest-in-simplisafe/ |access-date=2018-06-29 |website=techcrunch.com |language=en-US}} In October, the company launched its Video Doorbell Pro, the second camera in its product line-up, to give customers better visibility of activities happening outside the home.{{Cite news |last=Crist |first=Ry |date=October 18, 2018 |title=liSafe launches a new video doorbell for $169 |url=https://www.cnet.com/news/simplisafe-launches-video-doorbell-pro-for-169-at-best-buy/ |access-date=March 24, 2020 |work=CNET}}

In April 2019, SimpliSafe expanded internationally, opening an office in Manchester, England. This expansion enabled the company to offer a selection of its home security products to homeowners across the United Kingdom.{{Cite web |last=Begum |first=Shelina |date=June 25, 2019 |title=US security company SimpliSafe puts down roots in Manchester with new UK HQ |url=https://www.business-live.co.uk/enterprise/security-company-simplisafe-puts-down-16480900 |website=BusinessLive}}

On August 21, 2019, SimpliSafe announced the launch of its Smart Lock.{{cite web |last1=Reichert |first1=Corinne |title=SimpliSafe has a smart lock coming |url=https://www.cnet.com/news/simplisafe-reportedly-has-a-smart-lock-coming/ |accessdate=24 February 2020 |website=CNET}} In December of that year, the company announced Christian Cerda, previously the Chief Operating Officer at iRobot, as its new CEO.{{cite web |date=2019-12-03 |title=Home security company SimpliSafe names former iRobot COO as CEO |url=https://www.bizjournals.com/boston/news/2019/12/03/home-security-company-simplisafe-names-former.html |accessdate=2020-09-08 |website=Boston Business Journal}}{{subscription required}}

In 2020, SimpliSafe launched a customer support center in Richmond, VA.{{cite web|url=https://richmondbizsense.com/2020/02/28/home-security-firm-picks-willow-lawn-for-5m-call-center/ |title=Home security firm picks Willow Lawn for $5M call center |website=Richmond BizSense |date=2020-02-28 |accessdate=2020-08-02}}

In August 2021, SimpliSafe added a third camera to its suite of products, the Wireless Outdoor Security Camera, expanding the company's protective services outside of the home.{{Cite web |last=Altland |first=Rikka |date=August 31, 2021 |title=SimpliSafe debuts first Outdoor Cam with 1080p recording and 140-degree field of view |url=https://9to5toys.com/2021/08/31/simplisafe-outdoor-cam-launch/ |website=9to5Toys}}

In May 2022, SimpliSafe raised in excess of $200 million of incremental funding to support growth, while also refinancing its existing facilities. This funding was provided by the affiliates of Capital One, N.A., HPS Investment Partners, Owl Rock [a division of Blue Owl] and Eastern Bank.{{Cite web |title=SimpliSafe funding & investors |url=https://tracxn.com/d/companies/simplisafe/__cJrlElCcYHoQMF_V2oelUWvR6a8NOWgqa2p_NUgPRA4/funding-and-investors |website=Tracxn}}

In October 2022, SimpliSafe opened the home security industry's first owned-and-operated monitoring center in Richmond, VA. Later that year, SimpliSafe also launched a Bell Box to the United Kingdom, the most requested United Kingdom customer product.{{Cite web |last=Jones |first=Sean |date=January 9, 2023 |title=Home security company SimpliSafe opened Henrico monitoring facility while making 400 hires in 2022 |url=https://richmond.com/news/local/business/home-security-company-simplisafe-opened-henrico-monitoring-facility-while-making-400-hires-in-2022/article_2314b45b-1a85-5db7-bc9f-3389f963ef69.html}}

At the beginning of 2023, SimpliSafe relocated its headquarters, moving from its first Boston office at 294 Washington Street to 100 Summer Street.{{Cite web |last=Chesto |first=John |date=April 20, 2023 |title=SimpliSafe settles into much bigger downtown digs, a rare office expansion in COVID era |url=https://www.bostonglobe.com/2023/04/20/business/simplisafe-settles-into-much-bigger-downtown-digs-rare-office-expansion-covid-era/ |website=Boston Globe |ref=chesto}} The new headquarters features a dedicated research and development lab and a maker space.{{Cite web |last=Benson |first=Robert |date=May 1, 2023 |title=SimpliSafe Office Tour in Boston |url=https://venturefizz.com/insights/simplisafe-office-tour-boston |website=VentureFizz}}

In June 2023, SimpliSafe launched the Smart Alarm Wireless Indoor Security Camera, alongside a new 24/7 live guard protection service.{{Cite web |last=Rich |first=Rob |date=June 26, 2023 |title=SimpliSafe's Latest Security Camera Adds AI and Optional 24/7 Live Guard Protection |url=https://www.lifewire.com/simplisafe-ai-security-camera-live-guard-protection-7553300 |website=LifeWire Tech for Humans}} The monitoring feature allows professional monitoring agents to interact with intruders via the camera and alert emergency authorities about crimes in progress.

That same year, SimpliSafe added two new members to its executive team including Crystal Caliguiri as Chief Customer Experience Officer and Rebecca Zavin as Chief Technology Officer.{{Cite news |last=Maffei |first=Lucia |date=January 26, 2024 |title=Meet Simplisafe's new head of tech, who cut her teeth at Google |url=https://www.bizjournals.com/boston/news/2024/01/26/rebecca-zavin-simplisafe-cto.html |work=Boston Business Journal}}

All of SimpliSafe's systems include a Base Station and a Keypad. Systems are designed to be self-installed, but SimpliSafe also offers the option for professional installation.{{cite web|last1=Crist|first1=Ry|title=SimpliSafe Home Security review: Simply a better way to secure your home|url=http://www.cnet.com/products/simplisafe-home-security/#expandContainerAnchor|website=CNET|accessdate=17 May 2016}} Previous systems worked on a cellular connection, while the third-generation system runs on both cellular and Wi-Fi to prevent a loss of service during a cellular outage. The wireless system also runs on lithium batteries, and can't be disabled by cutting the user's power.{{cite web|last1=Donnell|first1=Wendy|title=SimpliSafe Home Security System|url=https://www.pcmag.com/article2/0,2817,2495173,00.asp|website=PCMag|accessdate=25 May 2016}} As a standalone product, SimpliSafe systems function as a noise-only alarm system, emitting an 85-decibel siren.{{cite web|url=http://uncrate.com/stuff/simplisafe/|title=SIMPLISAFE|website=uncrated|accessdate=24 May 2016}}

In addition to selling hardware products, SimpliSafe offers self-monitored and professionally monitored security plans without long-term contracts.{{Cite web |last=Turner |first=Gabe |date=May 10, 2024 |title=https://www.security.org/home-security-systems/simplisafe/ |url=https://www.security.org/home-security-systems/simplisafe/ |website=securitty.org}}

• Fast Protect Monitoring: Provides 24/7 emergency dispatch, including police, firefighters, and EMS.
• Standard Monitoring: Offers continuous monitoring with emergency dispatch capabilities and environmental alert notifications.

On April 10, 2018, SimpliSafe integrated with August Smart Lock, allowing SimpliSafe users to lock and unlock their door automatically upon arming and disarming their system, respectively.{{cite web|last1=Price|first1=Molly|title=SimpliSafe and August Smart Locks join forces for home security|url=https://www.cnet.com/news/simplisafe-and-august-smart-locks-join-forces-for-home-security/|website=CNET|accessdate=24 February 2020}} SimpliSafe also integrated with Amazon Alexa in 2018. Alexa users are able to check their system status with voice commands, as well as arm — but not disarm — their system.{{cite web|last1=Crist|first1=Ry|title=SimpliSafe's DIY home security system now works with Alexa|url=https://www.cnet.com/news/simplisafes-diy-home-security-system-now-works-with-alexa/|website=CNET|accessdate=24 February 2020}} On Sep 19, 2018, SimpliSafe integrated with Google Assistant. As with Alexa, SimpliSafe users can check their system status or arm their system with voice commands.{{cite web|last1=Seifert|first1=Dan|title=SimpliSafe's home security system now works with Google Assistant|url=https://www.theverge.com/2018/9/19/17806186/simplisafe-home-security-system-google-assistant-voice-integration|website=The Verge|date=19 September 2018 |accessdate=24 February 2020}}

SimpliSafe has been recognized with several awards since its inception, highlighting its technological innovations and company culture. Notable awards include:

• A “Best Customer Service” company by Newsweek in 2020, 2021 2022, 2023 and 2024{{Cite web |date=May 14, 2024 |title=America's Best Customer Service 2024 |url=https://www.newsweek.com/rankings/americas-best-customer-service-2024/services-personal-home-maintenancev |website=Newsweek}}
• “Best Place to Work” by the Boston Business Journal in 2021 and 2022{{Cite news |date=May 14, 2024 |title=2021 Best Places to Work: Here are the BBJ's honorees |url=https://www.bizjournals.com/boston/news/2021/04/16/2021-best-places-to-work-bbj-honorees.html |work=Boston Business Journal}}
• “Best Overall Home Security Systems” by U.S. News & World Report in 2020, 2022 and 2023{{Cite web |last=Campbell |first=Sierra |date=March 1, 2024 |title=Best Home Security Systems |url=https://www.usnews.com/360-reviews/services/home-security |website=U.S. News}}
• “Best DIY Alarm System” by CNET in 2020 and 2021{{Cite web |last=Lacoma |first=Tyler |date=May 8, 2024 |title=Best DIY Home Security Systems of 2024 |url=https://www.cnet.com/home/security/best-diy-home-security-systems/ |website=CNET}}

{{Reflist|30em}}

• [https://www.simplisafe.com Official website]

Category:2018 mergers and acquisitions

Category:Companies based in Boston

Category:Security companies of the United States

Category:Technology companies established in 2006