State Farm Ventures backs Whisker Labs
Whisker Labs closed its Series C funding round led by State Farm Ventures . Founded in 2014, the company develops Ting, a smart home sensor that can identify and alert the homeowner through its monitoring service to the precise sources of electrical hazards.
“With over 100,000 homes currently using Ting, this round of funding enables Whisker Labs to serve hundreds of thousands more homes with Ting by the end of next year.” – Bob Marshall, Whisker Labs’ Co-Founder and CEO.
“Part of our mission statement is to help people manage the risks of everyday life. Funding for Whisker Labs aligns perfectly with that goal, helping our customers prevent and control losses in their own homes . As evidenced through the many accounts of how Ting has helped identify electrical issues before they cause losses in homes, our customers feel empowered to protect their families and possessions.” – Chris Schell, Senior Vice President-Property & Casualty, State Farm.