Greylock Partners and Highland Capital back SmartThings

SmartThings said Tuesday that it has received $12.5 million in a Series A funding. Greylock Partners and Highland Capital Partners were the investors. According to the company, the capital will be used for product enhancements and distribution expansion. Headquartered in Washington, D.C., SmartThings is a provider of a platform that connects the internet to everyday items. In addition to Greylock and Highland, SmartThings' backers include First Round Capital, SV Angel, Lerer Ventures, A-Grade and CrunchFund.

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