Who owns Ring Doorbell?

by / ⠀Who Owns / November 15, 2023
Who owns Ring Doorbell

Who owns Ring Doorbell? Ring Doorbell is owned by Amazon, Inc. Amazon, a major multinational technology company, acquired Ring in February 2018 for approximately $1 billion. Founded by entrepreneur Jamie Siminoff in 2013, Ring specializes in producing home security products, with the Ring Doorbell being their flagship product. As a subsidiary of Amazon, Ring continues to develop innovative smart home security solutions under the e-commerce giant’s umbrella.

Company History

Ring Doorbell, now known as Ring Inc., was founded by Jamie Siminoff in 2013. The company was initially called Doorbot. Its primary product is the Ring Video Doorbell, a smart home security product that includes a camera and enables people to monitor and communicate with visitors at their doors through their smartphones or other devices. In 2013, Jamie Siminoff appeared on the TV show “Shark Tank,” seeking a $700,000 investment in exchange for a 10% stake in Doorbot.

Unfortunately, most of the sharks did not show any interest, but they acknowledged the potential of the product. Siminoff left the show without a deal, but this exposure led to increased sales and interest from investors. In 2014, the company rebranded from Doorbot to Ring, with a focus on providing home security solutions. Ring’s popularity and growth attracted notable investors, including Richard Branson, Shea Ventures, and American Family Insurance.

The company continued to expand its product portfolio by introducing additional security devices, like the Ring Alarm System, Ring Floodlight Cam, and Ring Stick Up Cam. In February 2018, Amazon announced its acquisition of Ring Inc. for an estimated value of $1.2 to $1.8 billion. Since then, the company operates as a subsidiary of Amazon with Jamie Siminoff as the CEO.

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The acquisition helped Ring to expand its products and services and integrate with Amazon’s smart home devices, like Amazon Echo. Currently, Amazon owns Ring Inc., making it part of one of the largest multinational technology companies.

Who was the original founder?

Ring Doorbell was originally founded by Jamie Siminoff in 2013. Born on October 18, 1976, in Chester, New Jersey, Siminoff is an inventor and entrepreneur. He graduated from Babson College in 1999 with a Bachelor of Science degree in entrepreneurship. Before founding Ring, Jamie Siminoff co-founded Unsubscribe.com in 2010, a service that helped users unsubscribe from email lists.

However, two years later, Siminoff started working on his next project, Doorbot, which would later evolve into Ring. Doorbot was a Wi-Fi-enabled doorbell that allowed homeowners to see and speak with visitors from their smartphone, regardless of their location. The idea for Doorbot came when Jamie was working in his garage and could not hear the doorbell when someone came by. Unable to find a solution on the market, he decided to build his own product.

In 2013, Siminoff appeared on the TV show “Shark Tank” to seek an investment for Doorbot. Although he did not secure an investment from the show’s panel, the publicity from the appearance helped him gain more customers. After the show, Siminoff rebranded Doorbot as Ring, focusing on smart home security solutions. The company expanded its product lineup with security cameras, motion sensors, and connected lighting, among other offerings.

In 2018, Amazon acquired Ring for around $1 billion, making it part of their smart home ecosystem. Today, Ring continues to be a popular choice for smart home security products under the ownership of Amazon, retaining Jamie Siminoff as the CEO and Chief Inventor.

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FAQ – Who owns Ring Doorbell

1. Who is the owner of Ring Doorbell?

Ring Doorbell is owned by Amazon, which acquired the company in 2018 for around $1 billion.

2. When was Ring Doorbell founded?

Ring Doorbell was founded in 2012 as a startup called Doorbot by inventor and entrepreneur Jamie Siminoff.

3. What does Ring Doorbell do?

Ring Doorbell produces and sells video doorbells, security cameras, and home security systems that enable users to monitor their property through their smartphones, tablets, or computers.

4. Why did Amazon acquire Ring Doorbell?

Amazon acquired Ring Doorbell to strengthen its position in the smart home and home security market, as well as to enhance its product offerings for Amazon Echo and Alexa integrations.

5. How has Ring Doorbell evolved since its acquisition by Amazon?

Since its acquisition by Amazon, Ring Doorbell has expanded its product line, introduced new features, and improved integrations with other smart home devices and Amazon services, such as Alexa.

Sources for More Information

 

Featured image provided by Pavel Danilyuk; Pexels; Thanks!

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