- Headquarters
- Shenzhen
- Employees
- 501–1000
- Founded
- 2015
- Business Model
- B2C / B2B2C Hardware + Ecosystem
- Website
- switch-bot.com
- Total Funding
- $17.6M
- Last Round
- $17.6M Venture RoundJan 2021
- Rounds
- 1
About
SwitchBot was founded in 2015 by Connery Lee and Richard Mou in Shenzhen, China. The company launched its flagship product — the SwitchBot Bot, a compact robotic switch actuator — via a Kickstarter campaign, enabling users to control legacy switches and appliances via smartphone or voice commands with zero installation. SwitchBot has since grown into a full smart home ecosystem with curtain robots, smart locks, thermostats, hubs, and more, sold in 90+ countries. The company has 501–1,000 employees and is considering a Hong Kong IPO after reaching $1.3B+ in cumulative revenue. Its developer platform (OpenWonderLabs on GitHub) provides open APIs for smart home integrations.
Summary
SwitchBot is a Hardware company based in Shenzhen, China, founded in 2015. It has raised $17.6M in total across 1 round, most recently a $17.6M Venture Round round in Jan 2021. Investors include Source Code Capital and Yintai Capital.
Tech & App Stack
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Funding History
Dec 2025
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Venture Round through IPO — per-round amounts, valuations, and who invested in each round.
Investors
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