Ring.com acquires innovative LED lighting technology startup Mr. Beams
The popular home security company, Ring.com, has purchased the Cleveland-based LED lighting technology company, Mr. Beams for an undisclosed amount. The company made the announcement today at CES, the consumer electronics show in Las Vegas. With this purchase, Ring.com will integrate smart, energy-efficient lights into security devices and market a new brand of outdoor security lights called Ring Beams, according to a press release. Ring Beams, including spotlights, pathway lights and deck lights, are expected to hit the market later this year, the release said.
Mr. Beams will be an independent division within Ring Inc., and Ring will release new products under both brands. The company’s purchase price was not disclosed. “(Mr. Beams co-founder) David Levine is an incredible entrepreneur who has built a remarkable company over the past 10 years with a great culture,” said Ray Leach, CEO of JumpStart, a venture development firm that promotes local entrepreneurship. “Mr. Beam’s innovative approach and leadership in the LED space has been remarkable, and we’re so proud of the success that they’ve achieved.”
With the acquisition of Beams, Ring.com will now be able to integrate additional smart lights (below) with its security devices. The company said in a press release.
- Patented smart, outdoor security lights
- Integrates with Ring app and all Ring security Cams and Doorbells
- Pathway lights
- Step lights
Ring, the leading outdoor home security company, provides homeowner’s a line of preventative outdoor security doorbells and cameras. Ring’s mission is to reduce crime in neighborhoods and empower consumers by creating a Ring of Security around homes and communities with its suite of smart home security products: Ring Video Doorbell, Ring Video Doorbell Pro, Ring Stick Up Cam, and the new Ring Floodlight Cam. With these security devices, Ring has created the neighborhood watch for the digital age and continues to prevent burglaries and keep homes around the world safe. The company was founded in 2012 by James Siminoff. Ring.com is currently valued at $460 million. To date, the company has raised a total of $209.2 million in funding.
You can see ring.com home security in action below.