Company Overview
Snapshot
Founded in August 2013 by Amichay Ziv and Eyal Isman, SwitchBee operates with 1–10 employees. The company has raised $2.5M across one funding round from one investor. In June 2021, SwitchBee entered into an exclusive agreement with Hitches & Glitches for distribution and installation in the UAE.
Business overview
SwitchBee provides a centralized platform for smart home systems, enabling control over various devices like switches and sockets. Its core technology utilizes cloud connectivity and a secure server, allowing any existing switch to be converted into a smart switch with a simple module installation. The system communicates via radio frequency to a central unit connected to the home internet, with control managed through the SwitchBee app on mobile devices. The company serves residential and commercial markets, operating within the Energy Tech, Climate Tech, and Industrial Technologies sectors, focusing on energy consumption and efficiency, eco-efficient energy usage, and microelectronics.
Strategic signal
In June 2021, SwitchBee secured an exclusive agreement with Dubai-based smart home maintenance specialist Hitches & Glitches for the distribution and installation of its products throughout the UAE. This partnership is a significant growth signal, indicating market expansion and strategic validation for SwitchBee's smart home solutions in a key regional market, and demonstrates the company's ability to forge impactful commercial alliances.
Log in to access full profile ›Company Intelligence Q&A
- What was a key strategic partnership for SwitchBee?
- In June 2021, SwitchBee signed an exclusive agreement with Hitches & Glitches, a smart home maintenance specialist based in Dubai. This partnership granted Hitches & Glitches exclusive rights to sell, distribute, and install SwitchBee products across the UAE.
- When was SwitchBee founded and by whom?
- SwitchBee was founded in August 2013 by Amichay Ziv and Eyal Isman.
- What is SwitchBee's primary product offering?
- SwitchBee offers a centralized platform that enables control over smart home devices such as switches and sockets, utilizing smart modules to convert existing electrical systems into smart systems.
- What is the total capital raised by SwitchBee?
- SwitchBee has raised a total of $2.5M across one funding round.