Wyze Labs Closes $15M Financing


Wyze Labs, Inc., a Seattle, WA-based smart home device maker, closed a $15m financing round.

The round was led by Norwest Venture Partners, with participation from American Family Ventures, Marcy Venture Partners and Amino Capital.

The company intends to use the funds to further improve the IoT infrastructure and AI in current product offerings, and expand into new product categories.

Founded in 2017 by Yun Zhang, CEO, Wyze has built smart home devices including Wyze Cam, Wyze Cam Pan, Wyze Sense, Wyze Bulb, Wyze Plug, Wyze Lock, Wyze Band, Wyze Scale, and most recently Wyze began accepting preorders for the Wyze Cam Outdoor.



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