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- i.am+
i.am+ Funding, Investors & Competitors
i.am+ has raised $123M across 2 funding rounds, most recently a $117M undisclosed-stage round in November 2017.
Last i.am+ funding round
$117M
Undisclosed stage · Nov 2017
Cumulative funding i.am+ raised
$123M
across 2 funding rounds
Key investors in i.am+
Salesforce Ventures
GVA Capital
About i.am+
i.am+ is a Hollywood-based technology company that designs and manufactures wearable technology products blending fashion and functionality. Established around 2013, it released the I.am+ smartband in partnership with AT&T, featuring heart rate monitoring and music controls. The firm emphasizes AI integration through music and tech to build communities of creators and coders. Its products have appeared in pop culture contexts, including collaborations with designers like Coca-Cola and Jimmy Choo for limited-edition accessories. i.am+ maintains a global presence with services accessible via iamplus.services.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
i.am+ Funding History
i.am+ has raised a total of $123M across 2 funding rounds.
i.am+'s first fundraising round was a $6M Series A in March 2014. The most recent completed round was a $117M undisclosed-stage round in November 2017.
i.am+ funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2017 | Undisclosed stage | Salesforce Ventures (lead) | $117M | i.am+ is a US-based artificial intelligence technology company founded by musician Will.i.am (William Adams), who serves as CEO. The company develops enterprise products based on its Omega technology, initially targeting consumer tech like phone cases, earphones, and wearables before pivoting to enterprise AI solutions. In March 2017, i.am+ closed an $89 million funding round with participation from Salesforce Ventures, bringing its total funding to $117 million, though it had previously disclosed only $6 million out of a targeted $40 million round via a 2014 regulatory filing. Salesforce Ventures, the corporate venturing arm of Salesforce, invested in this round as reported by Reuters and covered in Global Corporate Venturing. The investment aligns with Salesforce's growing focus on AI, including its Einstein technology launched a year prior. |
| Mar 2014 | Series A | GVA Capital | $6M | - |
Who has invested in i.am+?
2 investors have backed i.am+ across its funding rounds, including Salesforce Ventures and GVA Capital.
Lead investors include Salesforce Ventures.
i.am+ Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 i.am+ investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by i.am+
i.am+ has acquired 2 companies to date.
Last acquisition by i.am+ was on July 27th 2017. i.am+ acquired Wink for $59M.
Latest Acquisitions by i.am+
| Description | Wink is a smart home platform that integrates products from numerous leading brands including Philips Hue, Nest, and Honeywell into a single mobile application available for iOS and Android. New York-headquartered, it enables users to monitor, control, and automate devices such as lights, thermostats, locks, and cameras via hub hardware compatible with Zigbee and Z-Wave protocols. The platform supports routines, scenes, and voice control through integrations with Amazon Alexa, Google Assistant, and Apple HomeKit. | - |
| HQ Country | ||
| HQ City | San Francisco, CA | - |
| Deal Date | 27 Jul 2017 | 2 May 2016 |
| Valuation | $59M | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all i.am+ acquisitions and their M&A valuation multiples. Start Free Trial | ||
i.am+ Competitors
i.am+ competitors include listed companies like Apple, Samsung, Garmin and Huaqin Technology, and private ones like DJI and Royole Corporation.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $416B | $144B | $4.9T | 10.4x | ||
| Publicly listed | $243B | $67B | $1.2T | 2.4x | ||
| Publicly listed | $7.2B | $2.1B | $53B | 6.4x | ||
| Publicly listed | $26B | $887M | $17B | 0.6x | ||
| Private | $1B | - | $8B | 8.0x | ||
| Private | - | - | $3B | - |
i.am+ Public Comps
i.am+ is still privately-owned, but its public comps include Apple, Samsung, Dell, Sony, Xiaomi, Panasonic, Nintendo, Lenovo, Garmin and Quanta Computer.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $416B | $144B | 11.9x | 10.4x | 34.2x | 29.4x | |||
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $80B | $17B | 1.8x | 1.7x | 8.5x | 8.9x | |||
| $68B | $8.4B | 1.1x | 1.1x | 8.7x | 13.8x | |||
| $52B | $1.5B | 1.3x | 1.4x | 45.5x | 13.0x | |||
| $15B | $3.5B | 3.3x | 3.3x | 14.0x | 18.1x | |||
| $83B | $4.7B | 0.7x | 0.6x | 12.0x | 10.7x | |||
This data is available for Pro users. Sign up to see all i.am+ competitors and their valuation data. Start Free Trial | ||||||||
Common questions about i.am+
| When was i.am+ founded? | i.am+ was founded in 2012. |
| Where is i.am+ headquartered? | i.am+ is headquartered in Los Angeles, CA, United States. |
| Is i.am+ publicly listed? | No, i.am+ is a private, VC-backed company. |
| How much funding has i.am+ raised? | i.am+ has raised $123M across 2 funding rounds. |
| What was i.am+'s last funding round? | i.am+'s last funding round was a $117M undisclosed-stage round in November 2017, led by Salesforce Ventures. |
| Who are i.am+'s investors? | i.am+'s investors include Salesforce Ventures and GVA Capital. |
| Which companies are comparable to i.am+? | Companies comparable to i.am+ include Apple, Samsung, Garmin, Huaqin Technology, DJI and Royole Corporation. |
| How many companies has i.am+ acquired? | i.am+ has acquired 2 companies, including Wink and Sensiya. |
| What was the largest acquisition by i.am+? | The $59M acquisition of Wink in July 2017 is the largest acquisition i.am+ has made to date. |
See companies similar to i.am+
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