Smart-home technology is moving beyond isolated connected devices toward systems that combine energy management, automation, climate control, appliances, robotics, and software. At the same time, interoperability remains an important industry issue. Parks Associates found that 52% of DIY users reported setup or connectivity problems with smart-home devices in 2025, highlighting the practical challenges that remain as adoption broadens.
The companies below show how the connected-home market is expanding in different directions. Some are scaling through substantial financing or public-market activity, while others are showing momentum through revenue growth, deployments, strategic investment, new geographic markets, or broader product portfolios. This list uses multiple recent indicators rather than funding alone to assess growth.
Key Takeaways
- Base Power raised a $1 billion Series D in August 2026 at a $13 billion post-money valuation
- SwitchBot parent OneRobotics listed in Hong Kong in December 2025 as it continued expanding from connected devices into household robotics
- Eight Sleep raised $100 million in 2025, while Eaton invested $75 million in SPAN in 2026
- Smart-home growth increasingly includes energy infrastructure, HVAC, appliances, robotics, multifamily technology, and sleep systems alongside conventional automation
- The variety of companies in the sector makes product-level research and qualification important when GTM teams build smart-home target markets
Where Smart Home Growth Is Concentrating
The current market extends across several parts of the connected-home environment:
- Home energy and battery systems: Base Power and SPAN
- Household robotics and automation: SwitchBot/OneRobotics and Dreame
- Connected sleep technology: Eight Sleep
- Multifamily smart-home infrastructure: SmartRent
- Smart heating and electrification: Quilt and Jetson
- Battery-equipped appliances: Copper
- Centralized home controls: Brilliant NextGen
This range matters because these businesses do not necessarily appear under the same conventional industry classification. A smart electrical-panel company, robot-vacuum manufacturer, connected HVAC startup, and multifamily software provider can all participate in the smart-home market while selling different products to different buyers.
Growth also takes different forms across these categories. Financing is particularly visible among energy and electrification startups, while public and later-stage businesses can provide additional evidence through revenue, recurring revenue, listings, deployments, acquisitions, and geographic expansion.
1. Base Power
Category: Home batteries and residential energy technology
Co-Founder and CEO: Zach Dell
Recent Funding: $1 billion Series D, August 2026
Reported Valuation: $13 billion
Base Power combines residential electricity service with home battery systems that provide backup power and participate in grid energy management.
Latest Growth Evidence
Base Power announced its $1 billion Series D in August 2026 at a $13 billion post-money valuation. The financing coincided with the launch of Base Core, a home battery being produced at the company’s Austin manufacturing facility.
The company is also expanding geographically. Base entered the Chicago area in June 2026 after initially operating in Texas.
What Base Power Builds
Base installs batteries in participating homes and coordinates those systems with its electricity service. During an outage, the battery can provide backup power. During normal operation, the system can manage energy around changing grid conditions.
Why Base Power Matters
Base Power represents the convergence of residential batteries, software, electricity service, and distributed energy management.
Its current financing and geographic expansion show how the smart-home category increasingly includes technology managing electricity at the household level rather than only connected consumer devices.
2. OneRobotics (SwitchBot)
Category: Smart-home automation and household robotics
Co-Founder, Chairman and CEO: Zhichen Li
Recent Capital Event: Hong Kong Stock Exchange listing, December 2025
2025 Revenue Growth: 47.7% year over year
OneRobotics develops smart-home and household robotics products, with SwitchBot as a primary consumer brand.
Latest Growth Evidence
OneRobotics reported RMB 900.6 million in 2025 revenue, up 47.7% year over year, and listed on the Hong Kong Stock Exchange in December 2025. The company also reports products across more than 90 countries and regions and more than five million households served.
What OneRobotics Builds
The SwitchBot portfolio includes smart locks, hubs, sensors, curtain automation, robot vacuums, and other connected-home products. OneRobotics is also expanding into household robotics and embodied-AI systems.
Why OneRobotics Matters
OneRobotics shows how smart-home companies are expanding from individual connected devices into broader household automation and robotics. Its revenue growth, international reach, and public listing provide clear evidence of current momentum.
3. Eight Sleep
Category: Connected sleep and bedroom technology
Co-Founder and CEO: Matteo Franceschetti
Recent Funding: $100 million, August 2025
Eight Sleep develops connected sleep technology centered on the Pod, a temperature-control and biometric-monitoring system used with a bed.
Latest Growth Evidence
Eight Sleep raised $100 million in August 2025 to support AI development, international expansion, and additional health-related applications.
The company has continued developing software-driven personalization around temperature, sleep patterns, and physiological information.
What Eight Sleep Builds
Eight Sleep’s system controls the temperature of each side of a bed while collecting sleep and physiological data. Its software uses this information to adjust the sleep environment over time.
Why Eight Sleep Matters
Eight Sleep shows how connected-home technology is extending into health and environmental personalization inside the bedroom.
The product combines sensors, software, thermal control, and automated adjustments within the home rather than functioning simply as another wearable device.
4. Dreame Technology
Category: Smart appliances and household robotics
Founder and CEO: Yu Hao
Recent Growth Signal: 139% European revenue growth, January through July 2025
Dreame develops robotic cleaning systems, connected appliances, and other household technologies.
Latest Growth Evidence
Dreame reported a 139% year-over-year increase in European revenue from January through July 2025.
At CES 2026, the company also introduced a broader AI-powered whole-home ecosystem, extending its product strategy beyond robotic cleaning into additional connected-home categories.
What Dreame Builds
Dreame’s portfolio includes robotic vacuums and other cleaning systems alongside connected household appliances and emerging smart-home products.
Why Dreame Matters
Dreame demonstrates how a company established around one household technology category can expand into a wider connected-home portfolio.
Its recent European revenue growth provides a more direct current growth indicator than historical funding totals.
5. SPAN
Category: Smart electrical panels and home energy management
Founder and CEO: Arch Rao
Recent Investment: $75 million from Eaton, 2026
SPAN develops smart electrical panels and software for monitoring and managing residential electricity.
Latest Growth Evidence
Eaton invested $75 million in SPAN in 2026 as part of a strategic partnership focused on residential electrification. Eaton disclosed that the investment represented an approximately 7% stake in the company.
The companies also plan to expand the use and distribution of SPAN’s smart-panel and energy-management technology.
What SPAN Builds
SPAN replaces a conventional electrical panel with connected hardware capable of monitoring circuits and controlling how electrical capacity is allocated throughout a home.
Its software can coordinate household loads associated with systems such as EV charging, batteries, solar equipment, and electric appliances.
Why SPAN Matters
As homes add more electric equipment, the electrical panel itself is becoming part of the smart-home technology stack.
SPAN represents this infrastructure layer, where connected controls and software are applied directly to residential electricity distribution.
6. SmartRent
Category: Multifamily smart-home and property technology
President and CEO: Frank Martell
Status: Public company, NYSE: SMRT
Recent Growth: ARR up 13% year over year in Q2 2026
SmartRent provides hardware and software used by rental-housing operators to manage connected residential properties.
Latest Growth Evidence
For the second quarter of 2026, SmartRent reported total revenue of $39.8 million, up 4% year over year. Core revenue increased 14%, while annual recurring revenue increased 13% to $64.5 million.
What SmartRent Builds
SmartRent combines connected residential hardware with cloud software used across access control, climate management, community operations, and property monitoring.
Its platform primarily serves rental-housing owners and operators rather than individual homeowners purchasing standalone devices.
Why SmartRent Matters
SmartRent represents the enterprise side of connected-home technology.
Its recurring-revenue growth illustrates how smart-home systems can be deployed across portfolios of rental properties where the purchasing organization is a property operator rather than an individual household.
7. Quilt
Category: Smart heat pumps and connected HVAC
Co-Founder and CEO: Paul Lambert
Recent Funding: $20 million Series B, December 2025
Total Funding: $64 million
Quilt develops connected heat-pump systems combining room-level climate hardware with software and mobile controls.
Latest Growth Evidence
Quilt raised a $20 million Series B in December 2025, bringing its total funding to $64 million.
At the time of the round, the company was expanding its installer network and geographic footprint as it moved further into commercial deployment.
What Quilt Builds
Quilt combines indoor and outdoor heat-pump hardware, room controls, sensors, an application, and energy-management features in a connected home-climate system.
Why Quilt Matters
HVAC is one of the largest energy systems inside a home, making climate technology an increasingly important part of the connected-home market.
Quilt demonstrates how smart-home software can be integrated directly into major residential equipment rather than added only through a separate sensor or thermostat.
8. Jetson
Category: Smart home electrification and HVAC
Co-Founder and CEO: Stephen Lake
Recent Funding: $50 million Series A, January 2026
Jetson develops technology and services for replacing residential fossil-fuel heating with connected electric heat-pump systems.
Latest Growth Evidence
Jetson raised $50 million in Series A funding in January 2026 to support expansion across additional U.S. markets.
Founded in 2024, the company has also expanded its operating footprint as it develops a vertically integrated model covering assessment, system design, installation, and connected monitoring.
What Jetson Builds
Jetson Air combines electric heating and cooling equipment with software for monitoring energy use and system health.
Why Jetson Matters
Jetson illustrates the overlap between residential electrification and smart-home technology.
As heating and cooling equipment becomes connected and software-managed, the boundary between conventional home infrastructure and smart-home systems continues to narrow.
9. Copper
Category: Battery-equipped smart appliances
Co-Founder and CEO: Sam Calisch
Recent Funding: $28 million financing, August 2025
Copper develops electric household appliances with integrated batteries. Its first commercial product category is the induction range.
Latest Growth Evidence
Copper raised $28 million in 2025, including Series A equity and venture debt, to expand production of its battery-equipped appliances.
The company also secured a program to produce 10,000 induction stoves for New York City public housing as part of a $32 million electrification commitment.
What Copper Builds
Copper’s Charlie induction range contains an integrated battery and can operate from a standard 120-volt outlet.
The battery can support cooking needs while also creating additional possibilities for household energy and grid management.
Why Copper Matters
Copper represents an emerging category where an appliance can also function as energy-storage infrastructure.
This connects smart appliances with residential electrification and distributed energy management.
10. Brilliant NextGen
Category: Centralized smart-home control
CEO: Lisa Petrucci
Recent Funding: $9.7 million, September 2025
Brilliant NextGen develops wall-mounted control systems and software for connected-home devices.
Latest Growth Evidence
Brilliant NextGen closed a $9.7 million funding round in September 2025 to support product development and market expansion.
The company is focused in part on builders, developers, multifamily projects, and professional smart-home integrators.
What Brilliant NextGen Builds
Brilliant provides wall-mounted controls for connected functions such as lighting, climate, access, audio, cameras, and other compatible devices.
Its model centers on providing a common control layer across multiple smart-home systems rather than manufacturing every connected device itself.
Why Brilliant NextGen Matters
Fragmented control remains a practical issue as homes incorporate products from different manufacturers.
Brilliant NextGen represents the control and integration layer of the smart-home market, particularly for professionally installed and new-construction environments.
What the Current Growth Signals Show
The companies on this list show how far the definition of a smart home has expanded.
Recent activity spans:
- Distributed residential energy: Base Power
- Household robotics and automation: SwitchBot and Dreame
- Sleep and environmental personalization: Eight Sleep
- Electrical infrastructure: SPAN
- Multifamily connected systems: SmartRent
- Connected HVAC: Quilt and Jetson
- Battery-equipped appliances: Copper
- Home-control infrastructure: Brilliant NextGen
Interoperability is evolving alongside these categories. Matter continues to develop around easier device setup, multi-ecosystem management, and more context-aware controls, reflecting the ongoing effort to make products from different manufacturers work together more consistently.
For GTM teams, this fragmentation creates a targeting challenge. Companies participating in the smart-home market may be classified as energy, consumer electronics, robotics, HVAC, appliances, property technology, or building systems even when connected-home technology is central to what they sell.
How Landbase Helps GTM Teams Segment the Smart Home Market
A useful smart-home target market often needs to be defined by what companies actually sell, not simply by whether an industry field contains “smart home.”
Landbase can find companies by industry, size, revenue, location, technology stack, funding, and other company characteristics. This provides an initial way to separate consumer-device manufacturers from residential energy startups, property-technology platforms, HVAC businesses, and other parts of the connected-home market.
When a company is difficult to classify through standard firmographics, Landbase can research its products and services. This is particularly useful in smart-home technology because a business may be categorized broadly as consumer electronics or energy even though its actual product is a smart electrical panel, connected heat pump, household robot, or home-control system.
A GTM team could therefore separate the wider smart-home market into audiences such as:
- Connected-home hardware manufacturers
- Multifamily smart-building platforms
- Residential battery and energy companies
- Smart HVAC businesses
- Household robotics companies
- Connected appliance manufacturers
- Builders and integrators deploying smart-home systems
Funding can provide another way to identify companies undergoing change. Landbase maintains data on recent funding companies, which can be combined with additional company criteria rather than used as a standalone indication of purchase intent.
For higher-priority accounts, account research and personalization can bring together firmographics, technology information, signals, products, and professional data into a more complete company profile. This is useful when the relevant ICP depends on product category, target customer, installed hardware, company stage, geography, and other factors at the same time.
Landbase can also support net-new market discovery when the opportunity extends beyond businesses explicitly described as smart-home companies. Depending on the GTM strategy, adjacent markets could include residential electrification, property technology, building controls, IoT hardware, energy management, HVAC, or connected appliances.
The result is a smart-home market map built around product fit and commercial relevance rather than one broad industry tag.
See Landbase in action with a personalized 30-minute walkthrough to explore how a smart-home audience can be defined, researched, and turned into a working GTM dataset.
Frequently Asked Questions
What qualifies as a smart home company?
A smart-home company develops connected hardware, software, infrastructure, or services that allow residential systems to be monitored, controlled, automated, or coordinated digitally. The category includes conventional devices such as locks and sensors, but it can also include connected HVAC, energy-management systems, household robots, appliances, and multifamily property technology. Technology should be central to how the product operates rather than simply being used for marketing or e-commerce. This broader definition reflects how the connected-home market is developing.
How can fast-growing smart home companies be identified?
Growth can be evaluated through financing, revenue, recurring revenue, deployments, geographic expansion, public listings, acquisitions, new products, and other operating changes. Comparable revenue data is not available for every private company, so funding alone should not determine which businesses qualify. Combining several recent indicators produces a more useful view of company momentum. The evidence should also be dated clearly so historical financing is not presented as current growth.
What parts of the smart home market are growing?
Current activity spans home energy, robotics, connected HVAC, smart appliances, multifamily technology, sleep systems, home controls, and conventional automation. Interoperability efforts such as Matter are also affecting how products from different manufacturers interact. The result is a market made up of several product categories rather than one uniform smart-home segment. GTM teams therefore need to determine which part of the connected-home ecosystem actually aligns with their offer.
How can GTM teams prioritize smart home companies?
GTM teams can prioritize smart-home companies by looking beyond broad industry labels and focusing on factors such as product category, company size, funding activity, hiring, geographic expansion, and technology use. These signals help distinguish established operators from companies entering a new stage of growth. Landbase can combine company characteristics with deeper product and market research to narrow a broad smart-home universe into more relevant target accounts. This creates a more focused prospecting process as the connected-home market continues to diversify.
How can Landbase support smart home prospecting?
Landbase can help define smart-home audiences using company characteristics and deeper product information rather than relying solely on an industry label. Teams can distinguish among energy systems, connected appliances, robotics, HVAC, property technology, and other subcategories before applying additional company criteria. Existing company information can then be researched further to determine whether an account actually fits the product or service being sold. This provides a more precise way to turn the broad smart-home market into a working target audience.
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