Seattle smart home startup Wyze raises $10M to launch new product categories and improve AI tech | Mekhato
Summary
“We are going to use the funds to continue building the smart home for mass adoption,” said Dave Crosby, co-founder and head of marketing. As the COVID-19 outbreak began, the startup launched a “Wyze in Response” program, using its supply chain expertise to source no-touch thermometers and face masks for customers. Crosby said Wyze did not apply for a Personal Paycheck Protection loan “because we felt like we had other options available to us and the PPP is intended for businesses in emergency situations.” Other Pacific Northwest startups also turned down money from the federal government program for similar reasons. A Wyze customer sued the company in February following a data breach last year that exposed personal information of approximately 2.4 million users. Earlier this month Wyze partnered with connected safety startup Noonlight to integrate emergency service dispatch features.