Resideo Invests in Smart Home Provider Brilliant

SAN MATEO, Calif. — Brilliant announces a $40 million Series B financing round led by Next47 and Celesta Capital with participation by Resideo Technologies, August Capital, Peak State Ventures, Gaingels and Miramar Ventures.

The new capital brings Brilliant’s total funding to date to $61 million and will allow the company to expand its product offerings and double down on its sales strategy for single-family homebuilders, multifamily developers, property managers and professional integrators.

“We’re experiencing phenomenal growth and seeing unprecedented demand for our smart home system, which delivers simplicity and interoperability to a wide range of customers,” says Aaron Emigh, CEO of Brilliant. “We’re particularly excited about the homebuilder, developer, and integrator channels, and our new investors will help us further expand in these markets and unlock the full potential of a true smart home experience.”

Brilliant’s mass-market home control, lighting and automation system is said to make it easy for homeowners, families and guests to control every smart home device in a home: lighting, thermostats, cameras, doorbells, locks, music, garage openers, intercom systems, as well as experiences like scenes.

Brilliant touchscreen panels can be installed wherever standard light switches are located and transform any house or apartment into an easy-to-use smart home. Brilliant also offers smart dimmer switches and smart plugs to extend smart lighting throughout a home.

The system works with the most popular smart home brands and products, including Amazon Alexa, Google Assistant, Apple HomeKit, Honeywell Home by Resideo, Ring, Sonos, Google Nest, Schlage, Kwikset, ecobee, Philips Hue and many more.

As part of the fundraising, Matthew Cowan of Next47 and Nicholas Brathwaite of Celesta Capital will be joining Brilliant’s board.

“We are thrilled to be investing and partnering with Brilliant during this high-growth stage of their journey,” says Matthew Cowan, general partner at Next47. “Given the widespread adoption of smart home technologies, we are seeing a massive shift in user expectations around having a complete, affordable, and seamless smart home experience. Brilliant’s ability to seamlessly unite all smart home devices in the home is a real game-changer that we believe will make them the next great smart home company coming out of Silicon Valley.”

“We believe that much of the growth in smart home technologies will be propelled by new construction,” says Nicholas Brathwaite, General Partner at Celesta Capital.  “With Brilliant’s strong channel relationships and traction, and compelling product offerings, the company  is uniquely positioned to capitalize on this trend.”

Why Resideo Invested in Brilliant

A new strategic investor in this financing is Resideo (Nasdaq: REZI), makers of smart thermostats, security systems, and behind-the-wall components and controls. Resideo is also a leading distributor of commercial and residential security and audio-visual products through its ADI Global Distribution business. Resideo spun off from Honeywell back in 2018.

“Brilliant is Resideo’s first strategic investment, and we are extremely excited to deepen our relationship with an innovator in the smart home controls market,” says Travis Merrill, chief strategy and commercial officer at Resideo. “Brilliant brings the smart home experience together in a unique and user-friendly way. A key component of Resideo’s long-term strategy is partnering with residential technology leaders to leverage our product and channel strengths to provide even more value to customers and end-users. We have teamed with Brilliant since their early days, and we look forward to expanding this relationship across our product offering and within our ADI distribution business.”

Brilliant first launched in 2017 with its affordable smart home systems that bring high-end home control and automation capabilities to every homeowner and renter. Fueled by growth in homebuilder and multifamily channels, the company has experienced exponential growth, growing over 400% since February of 2020.

In the summer of 2020, Brilliant started shipping its Smart Dimmer Switch, and in 2021, started shipping its Smart Plug, rounding out the Brilliant Smart Home System.

The new backers join Brilliant’s existing investors, including August Capital, Miramar Ventures, Peak State Ventures, The Box Group and other prominent investors.

This article first appeared on SSI sister publication CE Pro. 

The post Resideo Invests in Smart Home Provider Brilliant appeared first on Security Sales & Integration.



from News – Security Sales & Integration https://www.securitysales.com/business/resideo-invests-brilliant/
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Total Tech Summit Puts Call Out for Top Integrators to Apply Now

Image
FRAMINGHAM, Mass. — Total Tech Summit announces that applications are now being accepted to attend this year’s event. Comprised of the  SSI Summit, CE Pro Summit and Commercial Integrator Summit, this year’s event will take place in Las Vegas at the MGM Grand Hotel and Casino, Nov. 13-15. At this all-expense-paid, exclusive event, VIP guests will have the chance to sit in on industry-defining sessions, key boardroom presentations, and be able to meet one-on-one with potential vendors. Total Tech Summit brings together the best in class to share ideas, learn from others, and most importantly, accelerating the next stage of their businesses. It is the only event of its kind that bridges channels and connections by bringing together professional security, commercial AV and residential AV integrators. Another perk of the Total Tech Summit is the VIP Peer-to-Peer groups. These group conversations take place throughout the months leading up to the event and are guided by the editors of t
Read more

Top 10 Security Stories From October 2021: China Ban Gains Steam, Vivint Countersues ADT

October saw its fair share of legal issues and acquisitions. This month, lawsuits involved home security companies, a gunshot detection provider and even a media company. Vivint Smart Home is seeking retribution for the lawsuit ADT filed against it last year that alleged Vivint salespeople go to ADT customers’ homes, get them to sign Vivint contracts and install the company’s alarm systems in their homes under false pretenses. Vivint had requested a motion to have that lawsuit dismissed, but when the judge denied the motion, Vivint launched a countersuit claiming it is in fact ADT that is deceiving and stealing its customers. Gunshot detection provider ShotSpotter filed a lawsuit against media company Vice, alleging it is profiting off of fabricated claims. Vice has been critical about ShotSpotter’s technology in a multitude of articles. Though not a lawsuit, Dahua and Hikvision continue to feel pressure from the U.S. government as it considers a new measure that would make it imp
Read more

Minnesota AG Calls for Cancellation of Home Security Contracts for Alleged Fraud

STEARNS COUNTY, Minn. — Bring Me the News reports that Minnesota’s Attorney General, Keith Ellison, says he’s gotten consumers in Stearns County out of home security contracts after they were misled by a door-to-door salesman. According to the report, Ellison’s office announced that home security companies Skyline Security Management and Safe Home Security have agreed to their cancel contracts with customers in and around Stearns County who purchased their systems from door-to-door salesman Gary Harvey. “Door-to-door salesmen and their employers are in the business of trust-building,” Ellison said in a statement. “They know they need to have your trust to sell you their products, particularly expensive products like security systems that are supposed to keep your home safe. When that trust is betrayed, it’s emotionally and financially painful. I appreciate Skyline and Safe Home taking the right step in canceling these contracts while my office does what we can under the law to hold M
Read more