SwitchBee

Company Overview

Snapshot

Founded in August 2013 by Amichay Ziv and Eyal Isman, SwitchBee operates with 1–10 employees. The company has raised $2.5M across one funding round from one investor. SwitchBee offers a centralized platform for smart home control, enabling users to transform any switch into a smart switch using its module and app.

Business overview

SwitchBee provides smart home systems, offering a centralized platform that enables control over various devices such as switches and sockets. The core technology utilizes cloud technology and a secure server, allowing any standard switch to be converted into a smart switch through an easily installed module. The system communicates via radio frequency transmission, with commands sent from a mobile app over Wi-Fi or cellular networks. SwitchBee serves the global smart home market, operating within the Energy Tech sector and focusing on energy consumption and efficiency, IoT, and mobile platforms.

Strategic signal

In June 2021, SwitchBee signed a 'smart' agreement with H&G, indicating a strategic partnership aimed at expanding the reach and integration of its smart home solutions. This collaboration signals a validation of SwitchBee's technology and its potential for broader market adoption, suggesting a focus on strategic alliances to drive growth and market penetration in the smart home and energy efficiency sectors.

Company Intelligence Q&A

When was SwitchBee founded and by whom?

SwitchBee was founded in August 2013 by Amichay Ziv and Eyal Isman.

What is SwitchBee's primary product?

SwitchBee's primary product is a centralized platform that enables control over smart home devices like switches and sockets, allowing any switch to be transformed into a smart switch using its module and app.

What was a significant partnership for SwitchBee?

In June 2021, SwitchBee signed a 'smart' agreement with H&G, indicating a strategic collaboration for its home solutions.

What is SwitchBee's total disclosed funding?

SwitchBee has raised a total of $2.5M across one funding round.

What technology does SwitchBee utilize for its smart home system?

SwitchBee utilizes cloud technology and a secure server for operations, with its central system connecting to the home internet and communicating with smart units via radio frequency transmission. Commands are sent via the SwitchBee app from mobile phones.