In 20 17, Dave crosby, Zhang Yun, Elana fishman and Song Dongsheng * * *, co-founded Wyze Laboratory. At first, the company was widely welcomed by people with its low-cost, intelligent home surveillance camera Wyze Cam and its accessories Wyze Cam Pan. Since then, it has developed and sold various smart home products, from smart weighing scale to light bulbs.
Wyze Labs was founded by four former Amazon engineers, among whom CEO Zhang Yun and Chief Product Officer Song Dongsheng are from China. Wyze Labs is characterized by manufacturing high-quality smart home products at a very cost-effective price, and the prices of many of its products are only a fraction of those of competitors. Wyze Labs products cover cameras, light bulbs, locks, body fat scales and other products.
At the beginning of May 2020, Wyze Labs established a cooperative relationship with Noonlight, a network security startup, and integrated the emergency service scheduling function to bring more home security protection to Wyze Labs customers. By working with Noonlight, "Wyze Labs" enables customers to quickly handle emergency services at home by pressing a button without calling 9 1 1.
In May 2020, "Wyze Labs" announced that it had obtained financing of 654.38+0 billion US dollars, which was led by the old shareholder Norwest Venture Partners and participated by American Family Ventures. Marcy Venture Partners and Amino Capital joined this round of investment, with an additional $5 million, making the final total amount of this round of financing $6.5438+0.5 million.
Marcy Venture Partners is an investment institution co-founded by Jay Z, a famous American hip-hop singer. The company will use a new round of financing to improve the back-end technology embedded in the company's products and expand its smart home product line to cope with the coronavirus pneumonia-19 crisis.