BOSTON — SimpliSafe, a home security system startup that recently landed a $57 million venture capital investment, will be moving its headquarters from Cambridge to Boston in October.
The company will move out of its 10,000-square-foot office in East Cambridge to a 20,000-square-foot facility in Boston, which is currently being renovated and redesigned, Boston Business Journal reports.
In May, SimpliSafe announced it landed $57 million from Silicon Valley venture capital firm Sequoia Capital.
SimpliSafe was founded by Chad Laurans in 2006 after several of his friends were burglarized in the space of about a month. Now, the company offers a wireless, no-contract home security system that can be controlled through mobile apps, Boston Business Journal reports.
The company currently has about 65 employees, up from 15 in 2012, and will reach 100 by the end of the year, Laurans, who serves as CEO, told the newspaper.
A typical home security system costs about $45 per month with a contract; SimpliSafe offers users a similar product for $20 per month without a contract, Laurans said.