SmartThings Gets $12.5 Million to Develop the Internet of Things
smartthings | November 12, 2013
The round brings SmartThings' total to $15.5 million. SmartThings, which was founded in April 2012, provides an open platform for the Internet of Things — the shorthand description of Internet-infused objects that can be controlled via your smartphone, like thermostats, lights, locks and smoke alarms. Some 3,000 inventors and developers use SmartThings' technology to create such devices.