ecobee is a Toronto-based smart home company best known for inventing the world's first Wi-Fi connected smart thermostat in 2009. The company designs ENERGY STAR-certified smart thermostats with built-in voice control, room sensors, and a suite of connected home monitoring products (cameras, sensors, and security solutions) focused on energy conservation, comfort, and peace of mind. ecobee was acquired by Generac Holdings in late 2021 in a deal valued up to $770 million USD, and now operates as Generac's connected devices and services business.
ecobee has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2007
Employees
500+
Total Funding
$71M
4 rounds
Total raised $71M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series C (extension)
Date
June 2018
Amount
$36M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| June 2018 | Series C (extension) | $36M | — | Caisse de dépôt et placement du Québec |
| August 19, 2016 | Series C (initial) | $35M | — | Amazon Alexa Fund |
| January 26, 2015 | Series B | Not disclosed | — |
Stuart Lombard
Founder (former CEO, retired November 2023)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Google Nest
Google's smart thermostat line (Nest Learning Thermostat, Nest Thermostat) is the primary direct competitor to ecobee in the connected smart thermostat category, with strong Google Home/Assistant ecosystem integration.
Honeywell Home (Resideo)
Resideo (spun off from Honeywell) offers the Honeywell Home T-series smart thermostats, including the T9 with room sensor prioritization, competing directly with ecobee on multi-room comfort.
Sensi (Emerson)
Emerson's Sensi smart thermostat line (including Sensi Touch 2) competes in the mid-range smart thermostat segment with HomeKit, Google Home, and Alexa support.
tado
European smart thermostat company specializing in retrofit smart heating control for boiler-based, hydronic, and heat-pump systems; main competitor to ecobee in EU markets.
Mysa
Canadian smart thermostat startup focused on high-voltage electric baseboard and in-floor heating systems, a niche ecobee does not fully address.
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