Ring (formerly Doorbot ) is a global home security company owned by Amazon. Ring manufactures a range of home security products that incorporate outdoor motion-based cameras and doorbells, such as the Doorbell Video Ring, which is featured on ABC's Shark Tank in 2013. Ring Video Doorbell is an intelligent pint device that allows users to monitor and operate the front door, rear and garage from a distance. When the doorbell is pressed, the Ring application initiates a VOIP video call to the connected device, so that the owner can see and speak to the visitor.
Video Ring (company)
Histori
From an early age, Ring Jamie Siminoff's founder was interested in engineering and entrepreneurship: his father owned a steel pipe forging plant for an oil refinery and, using his father's equipment, Siminoff made a humanized mousetrap, a heated blanket and a remote controlled car after school. After attending Babson College and launching and selling two companies, Siminoff created a company concept called Doorbot, which eventually became Ring, understood the security of his home had been compromised because he could not hear the front door bell from his garage. Siminoff modernized its doorbell by adding Internet connectivity, high-definition cameras and motion detectors to enable it to control the direction of the sensor. In 2012, Siminoff founded the Ring and in 2013 released the first version of its product. The ring was purchased by Amazon in February 2018.
Maps Ring (company)
ABC Shark Tank
In 2013, Siminoff entered the ABC's Shark Tank, asking for $ 700,000 for his company, at a time called DoorBot, which is estimated to be worth $ 7 million. Kevin O'Leary bid as a potential investor rejected by Siminoff. Experience being in Shark Tank helps Siminoff improve company profile. He rebranding and earning $ 5 million in additional sales.
Funding Rounds Funding Rounds
Doorbot is crowdfunded through Christie Street, and collects US $ 364k, more than $ 250k requested. Since then, the company has raised more than $ 200 million in investments and counts Kleiner Perkins Caufield Byers, Qualcomm Ventures, Goldman Sachs, DFJ Growth and Richard Branson - founder of Virgin Group - as a leading investor.
Amazon agreed to acquire the Ring, for somewhere between $ 1.2 billion and $ 1.8 billion in February 2018. Reuters valued the deal worth more than $ 1 billion.
Product and Key Release
In 2015, Ring released a Stick-Up Cam that incorporates the same features as the door bell but without the actual bell button. In 2016, the Floodlight Cam Ring was introduced which incorporates two LED lumens 1100 lumens to optimize security. In 2017, Ring launched DIY home security system, Ring Protect, including alarm keypad and motion sensors. In the same year, Ring released a second version of its device, Ring Doorbell 2, with rechargeable battery, night vision, motion detector, speakers and microphone. Ring Circles are an additional security feature that helps non-video bell users monitor suspicious activity in their apps.
Home Security
In 2016, Ring partnered with the Los Angeles Police Department and installed Ring Video Doorbells at 10 percent of homes in Wilshire Park, California. LAPD data show that there is a 55 percent drop in break-ins within the first six months of a doorbell being installed. In addition to break-in prevention, Ring products have been cited as assisting police in identifying perpetrators.
Apps and Resellers
The app for RingBell is currently available on iOS, Android, and Windows 10 Mobile. Alexa's skills for the Amazon Echo Show and Fire TV also allow users to view video feeds from Ring devices. Rings are sold in over 16,000 major box retailers, including: Home Depot, Target, and Best Buy.
References
Source of the article : Wikipedia
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