Gadgets

Samsung buys SmartThings in a quest to manage all of your connected devices

Above: SmartThings connected home devices

Image Credit: SmartThings

Samsung has bought prominent connected-device startup SmartThings.

The South Korean giant announced the news today but didn’t disclose terms. Re/code, citing anonymous sources, pegged the deal at around $200 million. Today’s deal could have big implications in the growing Internet of things world, at least judging by the stated plans in the press release on the deal:

With Samsung’s resources and support, SmartThings will be able to expand its platform and become available for even more partners and devices

SmartThings sells hardware that serves as a hub for connected devices, with a smartphone app associated with the hardware. The hub works with devices that use Zigbee and Z-Wave communication protocols.

The deal isn’t a complete surprise. Reports of a possible deal surfaced last month.

SmartThings will function as an independent entity, according to a blog post today from chief executive Alex Hawkinson. The team will move from its current home in Washington, D.C., to a new office in Palo Alto, Calif., he wrote.

SmartThings announced a $12.5 million funding round in November. Investors include A-Grade, CrunchFund, First Round Capital, Greylock Partners, Highland Capital, Lerer Ventures, Max Levchin, Start Fund by Yuri Milner, SV Angel, and David Tisch.

SmartThings originated in 2012 as a tremendously successful campaign on Kickstarter, raising more than $1.2 million despite a $250,000 goal.

More information:

Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is the largest Sout... read more »

SmartThings believes that the everyday objects around us can do more to help make our lives easier, better, and more fun. To help them help us, it’s created a variety of easy-to-use sensors that you can place in your home, office, an... read more »

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9 comments
Rishab Jain
Rishab Jain

Home Automation is reaching new levels now with the wireless technology. It will be soon that the electric appliances will all come with the ability to be integrated with an automated system, just like bluetooth enabled devices. The question here is of interoperability. With different manufactures, we well have different protocols. It is essential to have one common platform for all. Will Samsung be able to achieve this? Meanwhile Fibaro has been kicking it globally.

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VibinOnVino
VibinOnVino

@jordannovet Sent info via email. Interested in hearing from a smart home service provider's prospective? Can set u up w/ SmartHome Ventures

L B
L B

What I would be more interested to see Samsung upgrade the security of these devices, instead of just expanding the product line. If they focus on making these products safe for the consumer to use and keep track of, they will really increase the appeal of these devices across the board, and push competitors to up their product security as well. All it takes is federating with a two- or multi-factor authentication service like Toopher, and they will infinitely improve their products' function and appeal.

Hugh Whitehill
Hugh Whitehill

It's good but Ninja Sphere will be superior I think. Device fragmentation will be rife in this industry soon if not now already. Ninja Sphere said 'screw you' to everyone and included all protocols to play nice. Companies are always trying to lock consumers into 1 platform/portal but the hardware realm can avoid this.

Ryan Nathanson
Ryan Nathanson

It is. Was a kickstarter supporter and have my entire house running on smartthings. The support and feature roadmap was exactly what the community needed/asked for. Reliable, easy to set up and cost effective.