i.am+ Funding, Investors & Competitors

i.am+ has raised $123M across 2 funding rounds, most recently a $117M undisclosed-stage round in November 2017.

See full i.am+ profile

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

i.am+ Overview

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

United StatesLos Angeles, CA

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

i.am+ funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2017Undisclosed stageSalesforce Ventures (lead)$117Mi.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 2014Series AGVA 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

Investors in i.am+ by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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+

Wink
Sensiya
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 CountryUnited StatesIsrael
HQ City
San Francisco, CA
-
Deal Date27 Jul 20172 May 2016
Valuation$59Mundisclosed
EV/Revenue
EV/EBITDA

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i.am+ Competitors

i.am+ competitors include listed companies like Apple, Samsung, Garmin and Huaqin Technology, and private ones like DJI and Royole Corporation.

Public and private companies comparable to i.am+
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AppleUnited StatesUnited StatesPublicly listed$416B$144B$4.9T10.4x
SamsungSouth KoreaSouth KoreaPublicly listed$243B$67B$1.2T2.4x
GarminUnited StatesUnited StatesPublicly listed$7.2B$2.1B$53B6.4x
Huaqin TechnologyChinaChinaPublicly listed$26B$887M$17B0.6x
DJIChinaShenzhenPrivate$1B-$8B8.0x
Royole CorporationChinaShenzhenPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apple$416B$144B11.9x10.4x34.2x29.4x
Samsung$243B$67B4.4x2.4x15.8x4.4x
Dell$114B$12B3.5x2.4x34.3x20.1x
Sony$80B$17B1.8x1.7x8.5x8.9x
Xiaomi$68B$8.4B1.1x1.1x8.7x13.8x
Panasonic$52B$1.5B1.3x1.4x45.5x13.0x
Nintendo$15B$3.5B3.3x3.3x14.0x18.1x
Lenovo$83B$4.7B0.7x0.6x12.0x10.7x

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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.

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