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Smart-home device maker Wyze raises $110M as it plans to inject AI heavily into camera products
July 30, 2021 at 5:05 pm
The Wyze Cam Outdoor from Wyze Labs. (Wyze Photo)
Smart-home device maker Wyze Labs has raised $110 million in new funding, GeekWire learned on Friday, boosting the Kirkland, Wash.-based company’s plans to improve its existing line of products and launch even more.
Wyze has launched more than 30 products, including everything from security cameras to robot vacuums to thermostats, and many of those products came during a flurry of activity over the past year or so.
“We are doubling down and investing heavily to build world-class artificial intelligence into our camera products,” Wyze co-founder and Chief Marketing Officer Dave Crosby told GeekWire. “Just in the last year, our AI team has built person detection, vehicle detection, package detection and pet detection into our cameras.