SimplySafe, BostonHome security solutions provider based in Massachusetts, raised over USD200M in funding.
ThisAffiliates provided funding Capital OneN.A., HPS Investment Partners, Owl Rock [a division of Blue Owl] Eastern Bank.
TheThe funds will be used by the company to invest inIts workforce, which includes hiring across the business inThe technology and professional monitoring capabilities that can improve safety and security for its customers and refinance existing facilities.
LedBy CEO Christian Cerda, SimpliSafeProvides home security solutions that protect millions of people. TheCompany recently launched a new product suite. Wireless Outdoor Camera, and created an owned-and-operated professional monitoring center in Richmond, VA.
Last year, SimpliSafe surpassed its projection of $400 million inAnnualized recurring revenue (ARR)