Wyze Labs

Overview
News
Smart Security Tech?
Product stageSegments
Go-to-Market
?
Smart surveillance equipment
?

Wyze Labs is a technology company based in Seattle that specializes in producing affordable smart home devices and services. Its core product offerings are centered around home security systems and cameras. In December 2020, Wyze shook up the home security market by launching an inexpensive professional monitoring service for its home security system. For just USD 60 per year or USD five per month, customers receive 24/7 professional monitoring from a third-party provider called Noonlight. This undercuts competitor pricing significantly, such as Ring's monitoring fees.

The Wyze Home Monitoring Core Starter Kit includes a hub, keypad, entry sensors, and motion sensor that can trigger recording on Wyze cameras and smart lights/plugs to turn on. The system has home/away modes, and the hub contains an 82dB siren. Components communicate using 915MHz radio for long range. Wyze plans to expand the system with water leak and temperature sensors.

In addition to home security, Wyze is known for its affordable smart home cameras like the Wyze Cam launched in 2017. The cameras integrate with the security system and provide AI detection through the Cam Plus subscription service. Wyze's product ecosystem extends to smart bulbs, locks and other IoT devices controllable through its app and voice assistants.

Wyze has rapidly grown its product line since being founded in 2017 by former Amazon employees in Seattle. Its mission is to create accessible smart home technology by keeping costs low. While Wyze's affordable products are manufactured in China through partnerships, the company stores all user data securely in the US and emphasizes strong data privacy practices.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
5808 Lake Washington Blvd NE Suite #301 Kirkland WA USA
Founded year:
2017
Employees:
51-100
IPO status:
Private
Total funding:
USD 155.0 mn
Last Funding:
USD 110.0 mn (Series B; Jul 2021)
Last valuation:
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