The Qualcomm, JF Shea and American Family-backed home security technology provider would be valued at almost $1bn in the round.
Ring, the smart doorbell producer backed by corporates Qualcomm, JF Shea and American Family, is raising $160m in funding, The Information has reported, citing securities filings and investors.
Founded in 2012, Ring has developed a smart doorbell equipped with a camera and communication system that can be operated through a user’s smartphone. It has since branched out into adjacent areas such as security cameras.
News of the latest funding came two weeks after Ring paid an undisclosed sum to acquire…
