Deako - About the company
Deako is a series B company based in Seattle (United States), founded in 2015 by Alexander Strunkin and Derek Richardson. It operates as a Manufacturer of modular smart lighting systems and related accessories. Deako has raised $65.1M in funding from investors like Y Combinator, Kinetic Ventures and Tandem Capital. The company has 4291 active competitors, including 574 funded and 391 that have exited. Its top competitors include companies like Landis+Gyr, Metronome and SPAN.
Company Details
Manufacturer of modular smart lighting systems and related accessories. The company provides smart switches, dimmers, plugs, and simple switches, including motion sensor, nightlight, timer, and ceiling fan controllers. It also offers whole-home solutions, backplates, and faceplates. The company's lighting systems allow users to personalize lighting based on lifestyle.
- Website
- www.deako.com/
- Social
- Registered Address
- Suite 100 - 4201 Roosevelt NE, Seattle, WA 98105, US
Key Metrics
Founded Year
2015
Location
Seattle, United States
Stage
Series B
Total Funding
$65.1M in 13 rounds
Latest Funding Round
Investors
Ranked
9th among 4291 active competitors
Employee Count
61 as on Jun 30, 2026
Similar Companies
Legal entities associated with Deako
Deako is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DEAKO, INC CIN: 47-3320776 , United States, Active | Feb 26, 2015 | - | 21 (As on Dec 31, 2020) | - |
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Deako's funding and investors
Deako has raised a total funding of $65.1M over 13 rounds. Its first funding round was on Nov 06, 2015. Deako has 12 institutional investors.
Here is the list of recent funding rounds of Deako:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 28, 2024 | 3075957 | Series B | 1770175 | 3892362 | 9357454 | 5840987 |
Oct 10, 2022 | 4254449 | Series B | 6667628 | 4931662 | 5960447 | 9931933 |
Mar 15, 2021 | 9867227 | Series B | 1928934 | 4687224 | 2637026 |
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Deako's founders and board of directors
Founder? Claim ProfileThe founders of Deako are Alexander Strunkin and Derek Richardson.
Here are the details of Deako's key team members:
- Alexander Strunkin: Co-Founder & CPO of Deako. They serve on the board of 1 company.Contact Info: 1 phone number
- Derek Richardson: Founder & CEO of Deako. They serve on the board of 1 company.Contact Info: 2 email addresses and 1 phone number
Deako's Board of Directors
Deako's board has 8 active members. Alexander Strunkin, Derek Richardson, Li Jun, Doug Renert, Jun Li, Brian Weeks, Wes Nicol and Douglas Renert are independent board members.Here is the list of Deako's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 10y 3m | |
iglwqvc | Independent board member | - | Current | 9y 5m |
dzojhol | Independent board member | - | Current | 2y 4m |
ompikhq | Independent board member | - | Current | 1y 6m |
ebgedgy | Independent board member | - | Current | 5y 3m |
rbslxqp | Independent board member | - | Current | 5y 3m |
qmuvwsb | Independent board member | - | Current | 1y 2m |
xcbxoqr | Independent board member | - | Current | 8y 2m |
View details of Deako's Founder profiles and Board Members
Deako's employee count trend
Deako has 61 employees as of Jun 26. Here is Deako's employee count trend over the years:
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Deako's Competitors and alternates
Top competitors of Deako include Landis+Gyr, Metronome and SPAN. Here is the list of Top 10 competitors of Deako, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Landis+Gyr 1896, Cham (Switzerland), Acquired | Manufacturer of electric meters and grid edge data management software | $1.03B | 77/100 | |
2nd |  Metronome 2020, San Francisco (United States), Acquired | Usage-based invoice management solutions for small businesses | $128M | 73/100 | |
3rd |  SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 72/100 | |
4th |  Sense 2013, Cambridge (United States), Series D | Smart energy platform providing real-time electricity usage insights for homes and utilities | $177M | 71/100 | |
5th | Phononic 2009, Durham (United States), Series F | Providing solid state thermal management solutions | $230M | 70/100 | |
6th |  Bidgely 2011, Mountain View (United States), Series C | Provider of a solution for consumers to monitor and manage their household energy use | $87.7M | 69/100 | |
7th |  Resideo 2018, Wilmington (United States), Public | Provider of smart home solutions for security, air, water, and energy | - | 69/100 | |
8th | Smart Joules 2014, Delhi (India), Series B | Provider of AI-powered energy efficiency solutions for commercial buildings | $20.7M | 68/100 | |
9th | Deako 2015, Seattle (United States), Series B | Manufacturer of modular smart lighting systems and related accessories | $65.1M | 67/100 | |
10th | WattBuy 2017, Texas City (United States), Acquired | Provider of a platform for comparing and selecting energy plans | $16.8M | 66/100 |
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Deako's Investments and acquisitions
Deako has made no investments or acquisitions yet.
Reports related to Deako
Here is the latest report on Deako's geography:
News related to Deako
Filter this listMedia has covered Deako for a total of 2 events in the last 1 year, 1 of them has been about partnerships.
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Smart light switch startup Deako raises $3.4M to meet growing market demandGeekWire•Jul 24, 2024•Deako, KINETIC
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Seattle-based Deako Lighting Lights Up With New $12.5m In Funding To Meet The Growing Demand For Its Plug-n-play Light SwitchesTechStartups.com•Mar 17, 2021•Deako, Columbia Pacific Advisors, Promus Ventures, Alumni Ventures Group and 2 others
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Deako Lighting to Provide Plug-N-Play Light Switches to D.R. Horton Homes Across U.S.PR Newswire•Dec 11, 2020•Deako, DR Horton
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FAQs about Deako
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