Buddy Technologies

Overview
Smart Building Technology?
Product stageSegments
Growth
?
Building automation and analytics
?

Buddy Technologies was an Australian company that operated in the smart lighting industry through its LIFX brand. LIFX was acquired by Buddy Technologies in February 2019 for USD 26.5 million USD. LIFX manufactured smart light bulbs, LED lightstrips, and other lighting products known for their bright and vibrant colors, advanced features, and intuitive user experience.

The company relied on a custom-built app and cloud platform to control and manage its LIFX products. However, Buddy Technologies faced financial difficulties and underwent corporate restructuring. In April 2022, receivers were appointed to untangle the company's affairs.

Ultimately, in August 2022, the LIFX assets, including the brand, products, app, and intellectual property, were acquired by the California-based company Feit Electric. Feit Electric planned to continue offering LIFX products, expand the line with new innovations, and support the existing LIFX app and cloud platform. The acquisition allowed Feit Electric to enhance its position in the smart home market.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
5 Peel St, Level 2 Adelaide AUS
Founded year:
2011
Employees:
11-50
IPO status:
Public
Total funding:
USD 42.6 mn
Last Funding:
USD 12.9 mn (Post IPO Equity; Mar 2019)
Last valuation:
-
Key competitors
Filter by the segments to which the disruptor belongs
All Segmentsexpand
 
Loading...
Loading...
Loading...
Loading...
Product Overview
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Product Metrics
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Company profile
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...

EDGE Insights

Funding data are powered by Crunchbase
arrow
menuarrow
Click here to learn more
Get a demo

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.