Sequoia Invests US $12M in Smart LED Start-up LIFX

Silicon Valley Venture Capital firm Sequoia teams up with Austrialian based smart lighting start-up LIFX with a US $12 million investment. The investment bumps up LIFX’s total funding to US $16.6 million. 

LIFX smart bulb. (LEDinside/LIFX)

LIFX’s success for their Wi-Fi enabled bulb raised US $1.3 million on kickstarker in 2012, which gained it a lot of attention from Silicon Valley firms including Sequoia. 

“This partnership will allow us to accelerate the growth of LIFX and produce some of the world’s best Internet of Things products,” said LIFX CEO Phil Bosua. 

The bulb from LIFX stands out compared to other connected bulbs such as Philips Hue because although it similarly offers a full array of LED colors, it does not require a hub since the bulbs are controlled through Wi-Fi. 

“LIFX is one of the fastest growing and most promising smart home companies,” says Omar Hamoui, partner at Sequoia Capital. “Phil and team have truly revolutionized the first consumer electronics device: the light bulb. As consumers adopt connected home technologies, the LIFX bulb will be a starting point because it’s easy to install and immediately useful on a daily basis. We couldn’t be happier to support them as they work to deliver the best home innovation experience.” 

LIFX plans to use the capital to further expand their business and is already hiring in the US and Australia. 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Improved LED performance and the broadest color range provide even greater design flexibility DURHAM, NC – August 1, 2024 –– Cree LED, an SGH company (Nasdaq: SGH), announced today the launch of its higher performance XLamp&r... READ MORE

Automotive NC2W321G (Package size:3.5×3.2×0.75(㎜) Color:White) NC3W321G(Package size:3.5×4×0.75(㎜) Color:White) NC4W321G(Package size:3.5×5.1×0.75(㎜) Color:White) NC5W321G (P... READ MORE