Ring Dials Up $61.2 Million Led by Kleiner Perkins

 

SANTA MONICA, CA — Ring, a leader in outdoor home security, has raised $61.2 million in Series C funding from Kleiner Perkins Caufield & Byers (KPCB) with add-on from Sir Richard Branson. These new funds enable Ring to expand its line of smart video doorbells, further its international presence and continue to reduce crime in neighborhoods.

Ring has also introduced its newest smart security device, Ring Video Doorbell Pro, a premium, compact Wi-Fi video doorbell. The company now has the largest line of smart, outdoor security products available today. Featuring highly configurable motion detection zones, a sleek design and a small form factor, Ring Video Doorbell Pro is currently available for preorder at www.ring.com for $249.

In addition, Ring has Jamie Siminoff, Chief Inventor and CEO of Ring, said: “At Ring, it’s our mission to reduce crime by creating a ‘ring’ of security around our customers’ front doors, homes and neighborhoods. I am pleased KPCB has joined Ring’s group of leading investors alongside Sir Richard Branson as we continue to make neighborhoods around the world safer. With these new funds, we will expand that ‘ring’ of security by adding to our high-quality, diverse line of smart security products.”

Mary Meeker, KPCB general partner, said: “Ring re-imagined the doorbell so consumers could respond – using a smartphone – to someone at their front door from anyplace, anytime. Jamie and his team continue to improve the bell while rolling out new products that allow consumers to easily and cost-effectively monitor – and engage with – all areas around their homes. We believe Ring’s new approach to home security is mainstream and powerful.”

Sir Richard Branson, Founder of Virgin Group, added “Congratulations to Jamie for his leadership and commitment to building a strong company while also building such useful crime prevention products. I’m delighted to support Ring with continued investment.”