Ring secures $109 Million funding & plans to expand in ANZ

Company to use the funds to further its mission of reducing crime in neighborhoods around the world

LOS ANGELES - Jan. 25, 2017 - Ring , the leader in neighborhood security, today announced it has

raised $109 million from DFJ Growth, Goldman Sachs Investment Partners and Qualcomm Ventures, with

additional participation from Sir Richard Branson, American Family Insurance, Shea Ventures and True

Ventures, among others . A global company that has successfully reduced crime in neighborhoods around

the world with its suite of smart home security products, Ring now has nearly 1,000 team members

operating in eight countries.

Jamie Siminoff, Chief Inventor and Founder of Ring, said: “As a global company, it’s important that we

continue to deliver high-quality, affordable security devices that make homes around the world safer,

while innovating and expanding to support our rapidly growing customer base. Goldman Sachs

Investment Partners’ and DFJ Growth’s investments in Ring not only help us further our mission, but also

prepare us for our next phase of growth.”

“We are thrilled to partner with Jamie Siminoff and the team at Ring to help make homes and

neighborhoods safer,” says Randy Glein, partner at DFJ Growth. “Ring has quickly emerged as the

market leader with its new generation of connected home products that incorporate elegant design and

advanced video processing technologies to enable simple and affordable home monitoring. The company

is experiencing explosive growth as communities embrace Ring as their digital neighborhood watch. We

are proud to be part of this mission.”

“Ring is one of the fastest growing consumer hardware companies, which in itself is an impressive feat,

but we see a much larger opportunity to deliver a full suite of home security products and services,” said

Christopher Dawe, Co-head of the Venture Capital & Growth Equity team at Goldman Sachs Investment

Partners. “This is a true market expansion story. Ring is building a next generation home security platform

at an accessible price point. We are excited to partner with Ring and support the company’s mission.”

In just 18 months, Ring expanded its customer base across 100 countries; launched five home security

products; raised a total of $209 million; and is now available in 15,000 retail locations. The new funds,

which are a combination of Series D financing and debt from Silicon Valley Bank, enable Ring to continue

executing on its mission of reducing crime in neighborhoods. Last year, Ring partnered with the Los

Angeles Police Department to install Ring Video Doorbells on 10 percent of homes in the Los Angeles

neighborhood of Wilshire Park. In just six months, home burglaries were reduced by 55 percent in the

neighborhood and no burglaries occurred at any of the homes with Ring Video Doorbells installed.

Now, law enforcement officials globally are using Ring recordings to help identify and apprehend burglars.

As one officer in Florida said: “Law enforcement is relying more and more on video evidence to help

increase our rate of closure on theft and burglary offenses. Ring is a simple, effective tool for providing us

with hard evidence and the homeowner with solid peace of mind.”