SmartRent Successfully Installs Over 10,000 Units Nationwide in 2018
SmartRent has reached an important milestone as a company by announcing the installation of over 10,000 units in 2018. With the news of series A funding in November, 2019 will have a more aggressive growth path with over 100,000 units already committed.
The success of SmartRent can be directly attributed to our partners, RET Ventures and the employees who work tirelessly to make this company successful. Demetrios Barnes, Chief Operating Officer at SmartRent, said, “our employees have the willingness to dedicate themselves to our vision, and the desire to want to provide a perfect environment for our clients.” By attaining this initial installation goal, “it shows that we can roll out in scale,” he added.
The financial support of RETV has paved the way for our goal of being a leader in the multifamily industry in providing smart home automation technology. “While our competitors have spent years getting to this point, this tells me that not only can we handle [the growth], but our customers are enjoying what we are doing,” said Barnes. “It tells us that if we can do 10,000 units in the first year, we should be able to do 5–10 times as much in year two.”
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