COMPANY PROFILE

ecobee

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Smart thermostats keep your home comfortable while conserving energy and saving money

Toronto, CanadaFounded 2007Energy

Valuation $500M–1B Last recorded · 2021

Headcount 500–1k Current team size

Total funding $100–500M Disclosed equity funding

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About ecobee

Ecobee is a forward-thinking company that specializes in designing smart home devices aimed at enhancing comfort, security, and energy efficiency. Their product lineup includes intelligent thermostats, cameras, and sensors that seamlessly integrate with other smart home systems. Ecobee's flagship product, the SmartThermostat, is notable for its voice control capabilities via Siri and Alexa, allowing users to manage their home environment with simple voice commands.

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The company primarily serves homeowners who are looking to optimize their living spaces through technology. Ecobee operates in the smart home market, a rapidly growing sector driven by increasing consumer demand for convenience, security, and energy savings. Their products are particularly appealing to tech-savvy individuals and environmentally conscious consumers who want to reduce their carbon footprint.

Ecobee's business model revolves around the sale of its smart devices and related accessories. They generate revenue by selling these products directly through their website and through various retail partners. Additionally, they offer subscription-based services for enhanced features, such as advanced home monitoring and security options.

The company has made significant strides in energy efficiency, claiming to have maximized energy savings in over one million homes. This not only benefits the environment but also helps customers save on their energy bills. Ecobee's commitment to data privacy and user-friendly design further enhances its appeal, making it a trusted name in the smart home industry.

In summary, Ecobee is a leader in the smart home market, offering innovative solutions that improve home comfort, security, and energy efficiency. Their products are designed to work effortlessly on their own and with other smart home systems, providing a seamless user experience.

Source: Dealroom company data

At a glance

Status: Acquired
Founded: 2007
Headquarters: Toronto, Canada
Employees: 536
Open positions: 29
Dealroom signal: 73.2/100
Sub-industry: Energy Efficiency
Sector: Energy, Money Management, Smart Home, Sustainable Development Goals, Cooling Tech, Urban Tech, Building Cooling, Climate Tech, Building Energy Efficiency
Technology: Hardware, IoT InternetOfThings
Business model: Manufacturing
Client focus: b2b, b2c
Links: Website LinkedIn X

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News, research, reports and resources connected to this company by Dealroom

Funding history

9 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITIONOther financing	Nov 2021	$770M	$770M	Generac Power Systems	—
LATE VCOther financing	May 2020	$0	—	Energy Impact Partners	—

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Growth signals

ecobee website traffic

Latest recorded traffic for ecobee is 2M monthly website visits, up 81.8% over the last three months. ecobee's team grew 5.3% over the past year.

Latest monthly visits2M 3-month web change+81.8% 1-year team growth+5.3%

Monthly website visitsApr 2016–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Senior Key Account ManagerMinneapolis, MN · Sales · Aug 24, 2026 Performance Marketing ManagerToronto, Ontario, Canada · Marketing & Communication · Aug 13, 2026 AI Productivity & Adoption, Co-opToronto, Ontario, Canada · Data Science & Engineering · Jul 31, 2026 Director Mechanical EngineeringToronto, Ontario, Canada · Other · Jul 26, 2026 Senior Human Resources GeneralistToronto, Ontario, Canada · Human Resources · Jul 25, 2026 (ecobee) HR ManagerToronto, Ontario, Canada · Human Resources · Jul 24, 2026 Sofware Engineer - InternToronto, Ontario, Canada · Backend Development · Jul 23, 2026 Intern EngineeringToronto, Ontario, Canada · Other · Jul 16, 2026

8 distinct openings shownExplore hiring signals →

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