Who owns Ring? Ring is owned by Amazon, a multinational technology company based in Seattle, Washington. Amazon acquired Ring in February 2018 for an estimated value of over $1 billion. Ring, originally known as Doorbot, is a home security and smart home company that specializes in video doorbells, cameras, and home security products. The acquisition of Ring allowed Amazon to expand its smart home product lineup and integrate Ring devices with its voice assistant, Alexa.
Company History
Ring, originally known as Doorbot, was founded in 2012 by Jamie Siminoff. The company produces smart home devices, specifically video doorbells and security systems. Doorbot was first introduced as a prototype on the TV show Shark Tank in 2013, where Siminoff failed to secure funding. However, the product gained significant attention and eventually attracted investors.
In 2014, the company rebranded as Ring Inc. The name change was accompanied by the release of new products and updates to the original video doorbell. Ring continued to be a privately held company, with Siminoff serving as its CEO for several years. On February 27, 2018, it was announced that Amazon would be acquiring Ring for approximately $1 billion.
This acquisition marked a significant step for Amazon in expanding its smart home product portfolio, particularly in security devices. The deal was completed in April 2018, making Ring a subsidiary of Amazon. Since then, Amazon has maintained ownership of Ring, and the company continues to operate under the same name. Ring’s products are integrated with Amazon’s smart home ecosystem, Alexa, expanding their potential usage and promoting customer interaction.
To sum up, Ring was founded by Jamie Siminoff in 2012 under the name Doorbot and later rebranded in 2014. In 2018, Amazon acquired Ring for an estimated $1 billion, and Ring now operates as a subsidiary of Amazon.
Who was the original founder?
Ring was originally founded by Jamie Siminoff in 2013. The company was initially called Doorbot, as it started out as a smart doorbell project. Jamie Siminoff is an entrepreneur who has a background in inventing and launching innovative products.
Prior to founding Ring, he had co-founded a few other startups, including Unsubscribe.com and VoicePlinth. Jamie started out by working on the concept of a smart doorbell in his garage to solve his own problem of not being able to hear the doorbell while working. He developed a prototype that combined a doorbell with a camera and an app that allows users to see, hear, and communicate with visitors at their door using a smartphone.
After being rejected on the television show Shark Tank, Jamie continued to work on improving his product and received funding through crowdfunding platforms and investors like Richard Branson. The company then rebranded itself as Ring, and its mission evolved to focus on reducing crime in neighborhoods and improving overall home security. Ring has grown significantly since its founding, and it was acquired by Amazon in 2018 for over $1 billion.
The company now offers a wide range of home security products, including security cameras, alarm systems, and smart lighting in addition to its smart doorbells.
FAQ: Who owns Ring
1. What is Ring?
Ring is a home security and smart home company that manufactures a range of home security products, including video doorbells, security cameras, alarm systems, and smart lighting.
2. Who is the founder of Ring?
Ring was founded by entrepreneur Jamie Siminoff in 2013 under the name Doorbot.
3. Who owns Ring?
Ring is owned by Amazon.com Inc., which acquired the company in February 2018 for an estimated 1 billion dollars.
4. What is Ring’s mission?
Ring’s mission is to reduce crime in neighborhoods by providing affordable, effective, and comprehensive home security solutions.
5. How does Ring work with Amazon Alexa?
Ring devices can be integrated with Amazon Alexa for voice control and other smart home functionalities. Alexa can be used to control Ring devices, receive notifications, and live stream video feeds from Ring cameras.
