Founded by Elana Fishman, Yun Zhang, Dongsheng Song, and Dave Crosby, the founding members met while working at Amazon and brought core Amazon principles to the company. Wyze has raised $146M in funding, and the company holds a current valuation of $231.7M. With 253 employees as of May 31, 2026, Wyze operates at the intersection of affordable hardware manufacturing and direct-to-consumer distribution, competing in the growing smart home security and automation market.
Cyborg Score Rationale
Wyze demonstrates solid market fundamentals with strong Series B backing ($146M raised), growing product portfolio across security and smart home categories, and consistent product launches through 2025-2026 (Lock Bolt v2, Scale Ultra, solar-powered cameras). However, growth challenges include workforce contraction (15% reduction reported) and no funding since July 2021, suggesting potential difficulty raising additional capital in competitive markets.
Top Insights
Wyze introduced new products in 2025-2026, including a Window Cam (November 2025), Lock Bolt v2 (November 2025), Scale Ultra BodyScan (November 2025), and solar-powered security camera (October 2025)
Each Wyze employee generates approximately $263.4K in annual revenue, indicating operational efficiency despite recent workforce contraction
Wyze's most recent major funding round was a $110M Series B on July 29, 2021, with no announced rounds since then despite 5 years of operations
Top competitors include Vivint, ADT, and Nest, representing a mix of entrenched incumbents and consumer-focused smart home brands
Named Competitors
Nest — Smart home security and automation products from tech giant
Ring — Video doorbells and smart security cameras
SimpliSafe — Wireless home security systems and monitoring
Vivint — Professional home security and automation services
Zmodo — Smart home security cameras and cloud-based video surveillance
Yi Technology — Smart security cameras and cloud video recording
Recent Developments
(June 2026) Launched Wyze smart scale for body composition tracking
(November 2025) Introduced Lock Bolt v2 with Wi-Fi and aesthetic redesign
(November 2025) Released Scale Ultra BodyScan for health tracking
(October 2025) Launched solar-powered security camera with pan-tilt capability
(November 2025) Unveiled new Window Cam with enhanced color night vision
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