, the Santa Monica video doorbell company, announced a $61.2 million Series C on Wednesday, bringing their funding total to over $100 million since the company’s inception in 2011.
The round is Ring’s largest and was led by Kleiner Perkins Caufield & Byers and Sir Richard Branson. In accordance with the funding, they also unveiled their newest product, the Ring Video Doorbell Pro.
Originally dubbed Doorbot, Ring develops video-enabled doorbell systems that broadcast to the owner's phone. The device is marketed as a revolutionary home-security tool, however, the company also says the motion detector can make sure you never miss a delivery when you’re not home. Ring also works with smart locks and has partnered up with American Family Insurance to offer policyholders discounts on their premiums for installing home security features.
The company was named one of the “Top 50 Startups to Watch in 2015” and first gained notoriety when CEO Jamie Siminoff appeared on ABC’s Shark Tank in 2013.
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