Sequoia Capital invests $12 million in the LIFX connected light bulb
LIFX is a company that makes a WiFi-enabled multi-color LED light bulb that has raised $12 million in Series A funding led by Sequoia Capital. LIFX sells light bulbs for $99 and they are now for sale to everyone.
LIFX has raised $16.6 million in funding and will be using the funding for sales and support of the product. LIFX initially raised $1.3 million through Kickstarter in 2012. The company shipped its first batch of bulbs during the first quarter of this year.
LIFX offers two types of light bulbs — including the Edison screw and a Bayonet mount common in Australia. Eventually LIFX plans to offer a downlight. The LIFX bulb offers a full array of LED colors.