When was ecobee founded?

ecobee was founded in 2007 and raised its 1st funding round within a year of its incorporation.

Where is ecobee located?

ecobee is headquartered in Toronto, Canada.

How many employees does ecobee have?

As of Aug 31, 2026, the latest employee count at ecobee is 542.

Is ecobee a funded company?

ecobee is a funded company, having raised a total of $155M across 11 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 01, 2007.

When was the latest funding round of ecobee?

ecobee's latest funding was a $***** Series C round on May 31, 2018, with participation from 3 investors.

Where does ecobee rank among its competitors?

ecobee ranks 8th amongst 4405 active competitors, of which 403 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was RELEX, which secured an undisclosed amount in Dec, 2024.

Who are the top competitors of ecobee?

ecobee's top competitors include Vivint, Ooma and SimpliSafe. Among them, RELEX secured the most recent funding round in December, 2024.

ecobee - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer of smart thermostats, sensors, cameras, and security system bundles. The company provides smart thermostats with accessories, air filter subscriptions, and power extender kits. It offers smart sensors for rooms, doors, and windows. The company also manufactures wired smart doorbell cameras and smart cameras with voice control. In addition, the business provides home security bundles and smart security subscriptions.

Website: www.ecobee.com/en-us/
Social
Email ID: *****@ecobee.com
Phone Number: +1 **********

Key Metrics

Founded Year

2007

Location

Toronto, Canada

Stage

Acquired

Total Funding

$155M in 11 rounds

Latest Funding Round

Series C, May 31, 2018, $*****

Investors

Relay Ventures & 15 more

Ranked

8^th among 4405 active competitors

Employee Count

542 as on Aug 31, 2026

Similar Companies

Vivint & 2598 more

Exit Details

Acquired by Generac Power Systems (Nov 01, 2021)

View ecobee's full profile

ecobee is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ECOBEE INC. CIN: 980623671 , United States, Active	Jan 01, 2007	$5M - $25M (As on Dec 23, 2016)	-	-

ecobee got acquired by Generac Power Systems on Nov 01, 2021 at an acquisition amount of $*****.

Click here to take a look at ecobee's acquisition in detail

ecobee has raised a total funding of $155M over 11 rounds. Its first funding round was on Jan 01, 2007. Its latest funding round was a Series C round on May 31, 2018 for $*****. 3 investors participated in its latest round. ecobee has 16 institutional investors.

Here is the list of recent funding rounds of ecobee:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 31, 2018	7329142	Series C	2681407	9038317	3274108	1202030
Mar 07, 2018	9333803	Series C	9082996	8985775	2722137	Thomvest Ventures & 8 more
Dec 23, 2016	2994080	Series C	6135921	6153358	9296766	3130133

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View details of ecobee's funding rounds and investors

The founders of ecobee are Stuart Lombard and Mark Malchiondo.

Here are the details of ecobee's key team members:

Stuart Lombard: Founder & CEO of ecobee. They serve on the board of 1 company.
Mark Malchiondo: Co-founder and VP Software Engineering of ecobee.

View details of ecobee's Founder profiles and Board Members

ecobee's employee count trend

ecobee has 542 employees as of Aug 26. Here is ecobee's employee count trend over the years:

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Top competitors of ecobee include Vivint, Ooma and SimpliSafe. Here is the list of Top 10 competitors of ecobee, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Vivint 1999, Provo (United States), Acquired	Manufacturer of cloud-based smart security cameras for home applications	$172M	Goldman Sachs, Zions Bank & 13 others	82/100
2nd	Ooma 2004, Palo Alto (United States), Public	Provider of cloud-based business telephony and home security services	$88M	Worldview Technology Partners, Founders Fund ... & 8 others	80/100
3rd	SimpliSafe 2006, Boston (United States), Acquired	Comprehensive home security systems with advanced AI and professional monitoring	$387M	Sequoia Capital, Owl Rock Capital & 4 others	79/100
4th	Ring Labs 2012, Santa Monica (United States), Acquired	Provider of home security systems, cameras, alarms, and doorbells	$208M	Qualcomm Ventures, First Round Capital & 36 others	77/100
5th	ADT 1874, Boca Raton (United States), Public	Provider of cloud-based surveillance products for home security	$24.1M	ATP Private Equity Partners, SKS Private Equity ... & 5 others	77/100
6th	RELEX 2005, Helsinki (Finland), Series D	Provider of unified platform for retail and supply chain planning	$816M	Summit Partners, TCV & 4 others	76/100
7th	SmartRent 2017, Scottsdale (United States), Public	Provider of smart home automation solutions for multifamily rental properties	$138M	RET Ventures, Spark Capital & 12 others	76/100
8th	ecobee 2007, Toronto (Canada), Acquired	Manufacturer of smart thermostats, sensors, cameras, and security system bundles	$155M	Evergy Ventures, MaRS Discovery District ... & 14 others	75/100
9th	Enel X 2001, Boston (United States), Acquired	Developer of utility-scale renewable energy projects	$168M	Foundation Capital, Glen Capital & 9 others	75/100
10th	Alarm.com 2000, Tysons (United States), Public	Provider of a cloud-based video intercom and physical security systems	$137M	TCV	74/100